US financials: Shearman & Sterling recovery falters as Gibson Dunn’s star rises higher

The two-year rebound at New York-headquartered Shearman & Sterling came to an abrupt end last year as profits per equity partner (PEP) sunk back below what partners achieved in 2007, outpaced by West Coast rival Gibson, Dunn & Crutcher which put in another strong performance as it continues its run as one of the country’s fastest growing firms.

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‘A dangerous sleight of hand’: Concerns changes to Snooper’s Charter still a risk to legal privilege

After a new draft was released yesterday (1 March), there are growing concerns from the legal profession that the Investigatory Powers Bill will still fail to protect legal privilege, encroaching on lawyers’ ability to speak confidentially with clients. Both the Law Society and the Bar Council are urging the government to take their time with the legislation.

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Change partners: How can law firms and in-house departments promote race and ethnic diversity?

GC: What initiatives has Microsoft and its legal department pioneered to promote race and ethnic diversity within its workforce?

Mary Snapp (MS): Microsoft’s legal department has had a focused diversity team for 12 years. Brad Smith [Microsoft’s president and chief legal officer] and I collaborated to start the diversity team within the department, which grew to include 85 people. Continue reading “Change partners: How can law firms and in-house departments promote race and ethnic diversity?”

GC Powerlist: Turkey

The explosive economic growth of Turkey’s economy, which started in 2001 and peaked between 2002 and 2007 with the establishment of the incumbent Justice and Development Party (AKP) government, was dubbed by many as the ‘Turkish economic miracle’, as the country emerged from decades of IMF bailouts and political instability. Continue reading “GC Powerlist: Turkey”