Some call it “three-dimensional chess,” and it’s a game of strategy that lawyers with expertise in antitrust, securities fraud, corruption, insolvency and other areas may find themselves playing more often these days, as litigation matters proceed in multiple countries at once. But not everyone can play at the highest level—while many large law firms now […]
The 40 largest law firms in mainland China based on gross revenue in 2016.
Justin D’Agostino, head of disputes and managing partner in Asia for Herbert Smith Freehills, shared his firm’s findings of a decade of client research that his firm conducted to determine what their clients want in terms of dispute resolution. The findings showed overwhelmingly that they want more assistance with dispute avoidance, management and resolution, and […]
Overall lawyer head count for global 100 firms was 122,157 in 2016, up 2.7 percent from 2015. Forty-seven of the 100 largest firms by head count have more than 1,000 lawyers.
Gross revenue for The Global 100 grew by 2.8 percent in 2016, to $99.3 billion, just shy of 2015’s increase of 3.1 percent. This year 81 of the world’s top-grossing firms have more lawyers in the United States than elsewhere, while 12 have the greatest proportion of their lawyers in the United Kingdom. […]
In the first blockbuster FCPA action of the Trump administration, on September 21, 2017, Swedish telecommunications company Telia agreed to pay $965 million in total penalties to the U.S. Department of Justice (“DOJ”) and Securities and Exchange Commission (“SEC”) to resolve allegations that the company and its subsidiary made illegal payments to an Uzbek government […]
PricewaterhouseCoopers (PwC) is set to launch a law firm in the U.S., a clear sign that the concerted push into legal services by the Big Four accounting firms continues. The firm, called ILC legal, will begin operating later this month with an office in Washington, D.C.. It will not offer U.S. law advice, but instead […]
Following the consultation paper issued by the Third Party Funding for Arbitration Sub-Committee of Hong Kong’s Law Reform Commission (LRC) in October 2015 and recommendations made by the LRC in its report dated 12 October 2016, the Legislative Council of Hong Kong passed the Arbitration and Mediation Legislation (Third Party Funding) (Amendment) Bill 2016 on […]