Month: April 2023

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‘A choice to live up to your values’ – Seward and Rowey to take the helm of A&O’s US practice

Allen & Overy’s global litigation co-head Karen Seward (pictured) and project finance and infrastructure partner Kent Rowey have been appointed to co-chair US operations.

The pair will succeed US senior partner Tim House, the well-regarded litigator who has led the Magic Circle firm’s US practice since 2017. Seward and Rowey will take on their new roles on 1 May 2023 and will continue their client work alongside leadership responsibilities. Continue reading “‘A choice to live up to your values’ – Seward and Rowey to take the helm of A&O’s US practice”

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International round-up: Reed Smith names new Asia-Pac managing partner as Holland & Knight bolsters US emerging technologies offering

Singapore cityscape, Marina Bay

Amid a busy week of non-domestic news, Reed Smith has been among the firms making headlines, appointing Singapore-based Prajakt Samant as its new Asia-Pacific managing partner.

Samant has succeeded Kyri Evagora, who had been in the role since July 2020, and who has relocated to the firm’s London office from Singapore. Continue reading “International round-up: Reed Smith names new Asia-Pac managing partner as Holland & Knight bolsters US emerging technologies offering”

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Feeling the chill? Kirkland reports just 8% revenue increase for 2022

riding on a Kirkland & Ellis wrecking ball

Often the bellwether for global law firm financials, the world’s highest-grossing firm, Kirkland & Ellis, has posted muted revenue and profit growth for 2022, with turnover up 8% and partner profits up just 2% – its slowest performance year-on-year for some time. 

Kirkland made major waves in the legal sector last year, when a 25% surge in revenue saw it become the first law firm to pass the $6bn revenue mark. Its 2022 financials show a further increase, though a more modest one, with a steady rise of 8% to $6.5bn. This more modest growth was also evident in PEP, which went up 2% to $7.5m, after jumping 19% to $7.4m in 2021. Revenue per lawyer, meanwhile, declined 5%, to $1.9m.   Continue reading “Feeling the chill? Kirkland reports just 8% revenue increase for 2022”

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Revolving Doors: Weil loses two to Sidley as Latham hires Linklaters competition partner

City of London

Sidley Austin’s London office made a major play last week with the hire of two prominent energy infrastructure and private equity partners from Weil, Gotshal & Manges. James MacArthur has joined the firm’s global energy, transportation and infrastructure practice and will be followed shortly by his Weil colleague Ed Freeman.

MacArthur is ranked as a Legal 500 ‘Leading Individual’ in corporate and M&A and acts for corporate and PE sponsors on both European and global deals. Continue reading “Revolving Doors: Weil loses two to Sidley as Latham hires Linklaters competition partner”