Success in the States, disenchantment with law and undercover advisers - the best of Legal Week last week

Legal Week | Editor's Comment February 16, 2016 Success in the States, disenchantment with law and undercover advisers - the best of Legal Week last week The best of Legal Week's news, analysis and features over the last week In the absence of a transformative transatlantic merger, cracking the US market remains a challenge for virtually all leading UK firms. As Allen & Overy senior partner David Morley admitted this week, the magic circle firm is not as credible Stateside as it wishes to be, with its US strategy likely to be a key challenge for his successor. Meanwhile, as UK managing partner Duncan Weston takes on a more global role in the business, he argues the firm is in no way 'starting from scratch' as it looks to tackle the world's biggest legal market. Turning to the more junior end of the profession, a damning report issued this week calls law firms to task for failing to adequately help disadvantaged students following work experience placement scheme PRIME. Some students had in fact been dissuaded from becoming lawyers after their placements. Elsewhere, we took a look at a rarely discussed role - the legal advisers to the UK's top law firms, and as law firm accounts continue to filter in, there were some interesting financials at firms including Ashurst, Norton Rose Fulbright and Dentons. Other stories you may have missed: Skadden to pull out of Australia as international office closures continue Points mean prizes as DLA moves away from 'mistrusted' and 'opaque' remuneration system Mayer Brown hires private equity heavyweight Perry Yam from Reed Smith as firm slashes net debt Am Law 100: Cooley revenue up 14% and profit 21% as London partner recruitment continues US duo take lead roles on $1.1bn private equity purchase of BPP's parent company Hogan Lovells sees 2% global revenue rise in 2015 Allen & Overy, Freshfields and Slaughters dialled up for Dutch Vodafone deal Addleshaw Goddard and Maclay Murray & Spens merger talks collapse Baker & McKenzie hires former DLA ally Cliffe Dekker's head of competition DLA Piper, Nabarro and KWM all take roles as pharmaceutical companies fined £45m More stories from Legal Week Legal Week Conferences & Events Legal Week Best Employers Report 2016 Launch Industry Briefing Thu 3rd Mar 2016 - London, UK Legal Week Trust and Estates Litigation Forum 2016 Conference Thu 10th Mar 2016 - Fayence, France Legal Week Independent Law Firms Forum 2016 Conference Thu 17th Mar 2016 - London, UK More Legal Week Conferences & Events Legal Briefings & Resources Joined-up thinking: cross-border marketing of retail funds in Asia-Pacific The gender pay gap revolution moves closer: what do employers need to do? Renewable energy in Africa: costs, risks and prospects for investment More Legal Briefings & Resources Legal Jobs Healymedd Consultancy: A JUNIOR / MID LEVEL DERIVATIVES SOLICITOR OPPORTUNITY IN A FUND £Competitive Newton Shaw Legal Recruitment: In-house Legal Assistant/Paralegal £18000 - £26000 per annum Additional Benefits Newton Shaw Legal Recruitment: Corporate M&A Lawyer - In-house £70000 - £100000 per annum Very Strong Benefits Package More Legal Jobs

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