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...The UK group of elite firms, which also includes Clifford Chance and Freshfields Bruckhaus Deringer, has long struggled to make headway in America against the top domestic law firms that dominate the US...
...The move comes after rival Allen & Overy this week completed its merger with New York’s Shearman & Sterling, with the enlarged firm rebranding as A&O Shearman....
...Law firm Allen & Overy already uses Harvey but has insisted the technology would not replace any staff, reduce billable hours or save money for the firm or its clients....
...Freshfields, Clifford Chance, Linklaters and Allen & Overy declined to comment....
...Allen & Overy, the “magic circle” law firm, has suffered a cyber attack on its systems, making it the latest big corporate to fall victim to a ransomware hack....
...Clifford Chance is the second of the magic circle to announce its annual results, after Allen & Overy reported its figures last week, also reporting revenues of more than £2bn for the first time....
...Although profits stalled, the magic circle generated increases in revenue, with Allen & Overy and Clifford Chance making more than £2bn for the first time....
...Haleon has hired Dawn Allen as chief financial officer beginning in October. She previously worked for Tate & Lyle and Mars....
...Allen & Overy has been seeking to crack the US legal market for decades....
...Clifford Chance, Allen & Overy and Linklaters and Freshfields have reported stalling or declining profits per partner. Gazing into a crystal ball offers little in the way of relief....
...The proposed deal represents the first merger between a London-based magic circle firm and an American rival since Clifford Chance joined up with Rogers & Wells in 2000....
...The proposed deal represents the first merger between a London-based “magic circle” firm and an American rival since Clifford Chance joined up with Rogers & Wells in 2000....
...The depth of the US market also underpins the recent decision of UK firm Allen & Overy to merge with Shearman & Sterling of the US....
...Days into his role as senior partner last month, Hakki picked up the phone to ring Wim Dejonghe, the long-serving leader of Allen & Overy, one of London’s elite magic circle law firms....
...Clifford Chance has a 50 per cent in-office-hybrid working policy....
...Innovation in Deal Making King & Wood Mallesons Innovation in Creating a New Standard Nagashima Ohno & Tsunematsu Innovation in Restructuring Mori Hamada & Matsumoto Innovation in Digital Assets Allen...
...Clifford Chance’s 14-strong leadership team were paid £34mn in total, up from £28mn the previous year....
...For example, Scott Neilson, a Tokyo-based banking partner at international firm Allen & Overy, is driving the expansion of its energy transition practice....
...Digital assets Winner: Allen & Overy Originality: 8; Leadership: 9; Impact: 9; Total: 26The firm advised the Hong Kong government on its first bond issuance via blockchain token, which uses Hong Kong dollar...
...Allen & Overy thinks it can do one better....
...Robin AI works with two of the Big Four accounting firms, as well as private equity funds and law firm Clifford Chance....
...How many computer screens did AQR’s Clifford Asness admit to smashing during the financial crisis?...
...Equity partners at Allen & Overy and Linklaters saw their share of profits fall in the most recent financial year while Clifford Chance’s profit per equity partner was flat....
...Clifford Chance named Jason Ewart as a partner in its US leveraged finance group, based in New York. He joins from Latham & Watkins. Smart reads Who is Sam Altman?...
...Clifford Chance’s profit per equity partner was flat. All three magic circle stalwarts boosted their revenue in their most recent financial years....
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