This thread is for the general discussion of the Article Mini Series: Business of Law Firms - US law firm performance slackens in FY 22-23. Please add to the discussion here.
Blackstone pursues claim against rival Bain Capital
By Jake Rickman
What do you need to know this week?
Today, the FT reported that investment titan Blackstone has instructed US law firm Pallas Partners in pursuit of a potential litigation claim against rival Bain Capital.
The subject of...
Business of Law Firms
Looking at CMS's redundancies
By Jake Rickman
What do you need to know this week?
On 15 September, RollOnFriday reported that UK firm CMS announced it was making 19 associates in its corporate practice redundant, in what was one of the largest waves of redundancies to...
Investment grade corporates move into convertible bond market
By Jake Rickman
What do you need to know this week?
Investment-grade corporates, which describe the most highly valued publicly traded companies, have increased the value of convertible debt they have raised this year by more...
Business of Law Firms
Ince heads towards terminal collapse
By Jake Rickman
What do you need to know this week?
Welcome to this week’s The Business of Law Firms.
The past few days have seen an avalanche of news surrounding beleaguered firm Axiom Ince (formerly Ince & Co before it was...
The United States announces new "Declaration on Atlantic Cooperation"
By Jake Rickman
What do you need to know this week?
On Monday, the US government announced its new “Declaration on Atlantic Cooperation”. The announcement amounts to a new transatlantic agreement between countries on...
Business of Law Firms
Historical A&O and Shearman merger draws nearer
By Jake Rickman
What do you need to know this week?
A monumental deadline for Allen & Overy and Shearman & Sterling approaches: partners for both firms will begin to cast their votes on 28 September as to if they approve...
Your first two points are excellent examples of how to link an interesting commercial development to law firms. Well done! I also agree with your third point, but would just point how from a strategy perspective, it is less straightforwardly clear how your analysis (which I agree with) directly...
Definitely follow M&A and private equity as topics on the FT. My point about interest rates/inflation also doubly holds because interest rates are almost certainly the biggest driver for both equity and debt capital markets.
On the equity side, higher interest rates creates more market...
I would encourage everyone to stay on top of articles related to interest rates and inflation because those two themes impact nearly every aspect of the commercial and legal world.
Aside from that, I would try and focus on maybe three or four other areas that accord with areas of law you are...
As someone that was also an international applicant and who struck out for at least five application cycles before netting a TC, I distinctly remember the feeling of rejection and my inclination to equate that with my self-worth.
However, from a resilience and self-preservation perspective, I...
Hey there, it depends on the market. In this case, I am not sure it is entirely disclosed, though if I had to surmise a guess, it would probably be secured bank loans. But this is a guess based on the industry. Telecoms companies can offer raise debt through bank loans because they have lots of...
Just want to say I think this is a really good appraisal of some fairly complex aspects of investments and fundraising, as well as how CVC is navigating the IPO market. Well done!
Microsoft unbundles Teams from its software offerings to appease EU Commission
By Jake Rickman
Image Credit: monticello / Shutterstock.
What do you need to know this week?
As the Financial Times reported this Monday, software and computing giant Microsoft has announced that it will...
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