The growing hybridity of authorized roles – and specifically that of the often-overlooked skilled help attorneys (PSLs), – was underlined this week when The Lawyer revealed that one in every of their quantity – Weil Gotshal’s Kate Stephenson – is heading to Kirkland & Ellis to be a companion there. It rapidly turned our most-read story thus far this month.
Little doubt this was partly right down to PSLs throughout the land checking in to see how they can also seize a slice of the Kirkland hundreds of thousands, however there could have been events in legislation agency administration too. Stephenson will deal with offering help to Kirkland’s restructuring workforce, in addition to enterprise improvement, and her transfer is an indication of how data and BD is changing into extra built-in with ‘conventional’ fee-earning inside legislation companies. PSLs are sometimes ladies with caring obligations who’ve stepped out of frontline fee-earning for extra predictable hours; for those who map this improvement on the foremost funding in profession retention and returner progammes (one other was launched this week by the Reignite Academy, with six Metropolis companies together with Macfarlanes and White & Case on board) you might have the beginnings of a motion.
Again to Kirkland’s hundreds of thousands for a second, this week noticed the discharge of our characteristic on the Candy Sixteen – the group of companies who we first recognized a decade in the past because the rising international elite. It appears laborious to recollect now, however again in 2008 that was not a well-defined group.
The standout discovering from our analysis is evident: Kirkland has gone from also-ran to mega-success story. It’s a prime instance of the advantages of being daring – and reveals how a lot scope there’s for dramatic motion, even among the many ranks of the billion-dollar companies.
As for the UK companies within the Candy Sixteen, litigation is the important thing in the event that they wish to crack the US, Catrin Griffiths observes in her chief this week. “The engine of the stratospheric home earnings for US companies, is, mockingly, the calling card for UK companies to forge high-level relationships with company America in a world of globalised regulation and enforcement,” she says.
We will’t go away the subject of litigation with out a point out of Hogan Lovells’ landmark victory within the Courtroom of Enchantment this week.
In a extremely anticipated judgment over authorized privilege, the CoA dominated in opposition to the Critical Fraud Workplace and decided that paperwork shared between the Eurasian Pure Assets Company (ENRC) and former adviser Dechert needs to be protected. Fountain Courtroom’s Bankim Thanki QC and Hogan Lovells companion Michael Roberts – each member of The Lawyer’s Scorching 100 this 12 months – was on the case for ENRC on this extremely important choice. ENRC is now gunning for Dechert: this case is much from over.