Breaking lockstep, merger moves and looking after those left behind by KWM - the best of Legal Week last week

View in Browser Feb 27, 2017 The magic circle's struggles to attract expensive US talent are well-documented, but recent evidence suggests the UK's legal elite might be ready to push the boat out a little further in their efforts to make an impact in the States. As we reported last week, Clifford Chance (CC) has broken its core lockstep in both New York London in recent months, using its 'super-point' tier to reward star performers, while magic circle rival Allen & Overy has made a significant move in the US with the hire of a three-partner Paul Hastings New York finance team, after breaking lockstep last summer for a team of high-profile finance hires. But with top US hires remaining prohibitively expensive for many firms, others are pursuing the world's largest legal market via the more direct route of merger. Last week Norton Rose Fulbright secured its second Stateside tie-up in four years, confirming a $2bn deal to merge with New York's Chadbourne & Parke, with the US firm's international offices to financially integrate into Norton Rose's EMEA business. And while the financials of the leading US firms are currently dominating the news - including Latham's record-breaking results - last week's most-read story on Legal Week was the news that former King & Wood Mallesons partners have been called on to pay into a 'hardship fund' for staff left out of pocket by the collapse of the legacy SJ Berwin business. Other stories you may have missed over the past seven days: Linklaters and Paul Weiss lead as Kraft Heinz withdraws Unilever mega-merger bid RPC set for international expansion and governance review under new leadership Dealmaker: Slaughters' Richard Swallow on Rolls-Royce, wheeling Boardman through an airport and advising Britney Spears 'The Brexit vote has been a trigger' - law firms look to Ireland amid concerns over London's future Orrick hires four-lawyer Clifford Chance Paris team including local competition head Jones Day hires entire Freshfields Paris real estate team Shearman posts 18% PEP hike after partner de-equitisations as London revenues rise 14% Stephenson Harwood rules out mergers and targets 40% hike in revenue over next five years Uber in-house counsel under scrutiny after alleged harassment of female engineer Olswang confirms Madrid, Brussels and Paris closures ahead of CMS combination   THE LATEST HEADLINES FROM LEGAL WEEK   Breaking lockstep, merger moves and looking after those left behind by KWM - the best of Legal Week last week Bond Dickinson to expand in Scotland with Edinburgh office KWM appoints new China chairman to lead firm's globalisation strategy Advertisement Law.com | Executive Insights & Resources   Enhanced Compensation - Is there light at the end of the HS2 tunnel? The Supreme Court handed down its judgement in the case of Bloor Homes (Wilmslow) Limited v Homes and Communities Agency on 22 February. Download Upcoming Events for Legal Professionals Trust and Estates Litigation Forum 2017 Annual gathering of the world's elite in the field of trust and estate litigation, to share and compare tactics and strategies. Global Independent Law Firms Forum 2017 Legal Week Independent Law Firms Forum brings together managing partners and senior management from independent law firms. Corporate Counsel Forum Middle East 2017 Celebrating its tenth year in the Middle East, Legal Week's Corporate Counsel Forum will return on Wednesday 10th May 2017. LEGAL WEEK JOBS  Job of the Week  Female Immigration Caseworker / Solicitor In this key role, you will be responsible for advocating and advising women in Ashiana's refuge accommodation and Advice Service Follow the link and get in touch to find out more. Apply › Finance Associate 5-6 PQE London (Central), London (Greater) (GB) | Chase PortlandApply › Apply › ***Commercial Role with City Firm*** 3-4 London (City of), London (Greater) | Chase PortlandApply › Apply › More from LEGAL WEEK JOBS » Connect With Legal Week This newsletter was sent to anjeri2010.lawyerinfo@blogger.com Unsubscribe |  More eNewsletters |  About Us |  Privacy Policy Legal Week Limited is a limited company registered in England and Wales. Registered office: Cheapside House, 138 Cheapside, Seventh Floor, London, EC2V 6BJ. Registered number: 9901879. Legal Week Limited is a subsidiary of ALM Media, LLC. Copyright © 2011 – 2017 Legal Week Limited All Rights Reserved. 120 Broadway, 5th Floor | New York, NY 10271-1101 | 1-877-256-2472