Ben Rigby’s Post

Sullivan is pleased to announce that Chambers USA has once again recognized a number of our practice groups in its annual guide. In addition, 13 Sullivan attorneys were ranked as "leaders in their fields." This year's rankings are as follows: National Rankings: Registered Funds REITs Regional Rankings: Bankruptcy/Restructuring (Massachusetts) Employee Benefits & Executive Compensation (Massachusetts) Litigation: General Commercial (Massachusetts) Real Estate (Massachusetts) Tax (Massachusetts) Individual Rankings: Ashley Brooks (Real Estate) Patrick Dinardo (Bankruptcy/Restructuring) Leigh Gilligan (Environment) David Guadagnoli (Employee Benefits & Executive Compensation) Richard Jones (Tax) David Leahy (Investment Funds) David Mahaffey (Investment Funds) Ameek Ashok Ponda (Tax and REITs) Domenick Pugliese (Investment Funds) Gregory Sampson (Real Estate) Nicole Rives (Private Equity) Amy Sheridan (Employee Benefits & Executive Compensation) Amy Zuccarello (Bankruptcy/Restructuring) To learn more, click here: https://lnkd.in/eskxiUzg #WhatsYourNext #Chambers2024

Hogan Lovells 𝗶𝗻 𝘁𝗵𝗲 𝗻𝗲𝘄𝘀 𝗳𝗼𝗿 𝗮𝗹𝗹 𝘁𝗵𝗲 𝗿𝗶𝗴𝗵𝘁 𝗿𝗲𝗮𝘀𝗼𝗻𝘀 𝘁𝗵𝗶𝘀 𝘄𝗲𝗲𝗸: • Announcement of a net revenue increase of 10.3% to $2.68bn against a 20.3% rise in profits per equity partner (PEP) to $2.74m • Acquisition of a 23 lawyer finance team from Orrick Milan focussing on structured finance, debt capital markets and M&A. Great signs for the beginning of Miguel Zaldivar's second term as #ceo #lawfirmmanagement #lawfirmleadership #lawfirms #lawfirmpartners

Reflecting on 2023, it's been a year of "ebb and flow" for many industries, legal included. Barb Dawson, firm chair at Snell & Wilmer, shares her optimism for a strong finish in 2023 and an even more positive outlook for 2024. Despite the uncertainties, the legal realm has weathered economic shifts with resilience. Barbara identifies key legal industry trends to keep an eye on in 2024. Read her insights and stay ahead in the legal landscape: https://hubs.la/Q02fDM0g0 #LegalIndustry #2024Trends #BusinessInsights

In this client alert, we explore how shareholders are increasingly using proposals and litigation as tools to challenge diversity, equity, and inclusion (DEI) policies. As we explain, “these trends underscore that shareholders have become key players when it comes to corporate DEI efforts, and they can constitute a meaningful source of legal risk for companies with respect to DEI, regardless of the path they choose to chart.” We also provide recommendations for how companies can mitigate that risk. Read more: https://lnkd.in/ejt6M2zW Authors: Ishan Bhabha, Annie Kastanek, Anne Cortina Perry, Marcus A.R. Childress, Kathryn Wynbrandt, and Victoria Hall-Palerm #DEI #Litigation #SFFA

Blackadders' impressive financial performance in the past year is a clear indicator of their growth and success in the legal market. With a reported 9% increase in turnover and a 12% rise in profit, it's evident that the firm is a strong contender in the industry. With the ongoing positive performance in the current financial year, the potential for even greater growth in income and profits makes Blackadders an attractive acquisition target for firms looking to expand their presence in the central belt. For law firms considering acquisition targets, Blackadders presents a unique opportunity to tap into a market with promising growth prospects. Their strong financial performance and potential for continued growth make them an appealing choice for firms looking to expand their portfolio and enhance their market position. With the expected further growth in profits and additional income on the horizon, Blackadders is certainly a firm worth considering for those seeking to strengthen their presence in the central belt. Jackie MacGregor Isla Stevenson Chivonne Gray Olivia McDonald #AcquisitionTargets #LegalIndustry #GrowthOpportunities

Want to better understand the sometimes mystifying dynamics and rationale of equity vs. non-equity titles/single vs. two-tier partnership structures? This AmLaw article addresses partner comp systems generally, and the strategic (both offensive and defensive) approaches taken by Kirkland, Cravath, and Paul Weiss, specifically. https://lnkd.in/ejinaemz

Legal blind spots: Brian Hamburger of MarketCounsel Consulting and the Hamburger Law Firm, tells us advisory businesses have to look more broadly than just financial regulation to avoid pitfalls and strategize wisely around asset valuations, minority investments and restrictive covenants. READ MORE: https://lnkd.in/grS6PGAU #WealthSolutionsReport #FinancialAdvisors #WealthManagement 

Looking ahead at the Scottish legal market in 2024 in The Scotsman today, my conclusion was: "2024 will be a tricky year to navigate for many firms, with much more turbulence. However, there will be significant growth opportunities for firms with the appropriate strategies and focus." How do you see the year panning out?

Dealytics' Top 25 M&A Lawyers for the first half of 2023 posted! Congrats to the all the lawyers that made the list! Download the report to see the full list

𝐓𝐡𝐞 𝐀𝐫𝐦𝐬 𝐑𝐚𝐜𝐞 𝐟𝐨𝐫 𝐁𝐢𝐠𝐋𝐚𝐰 𝐓𝐚𝐥𝐞𝐧𝐭 𝐂𝐨𝐧𝐭𝐢𝐧𝐮𝐞𝐬, 𝐚𝐧𝐝 𝐭𝐡𝐢𝐬 𝐅𝐢𝐫𝐦 𝐢𝐬 𝐋𝐨𝐨𝐤𝐢𝐧𝐠 𝐭𝐨 𝐁𝐞𝐞𝐟 𝐔𝐩 𝐢𝐭𝐬 𝐔.𝐒. 𝐑𝐚𝐧𝐤𝐬 There has never been more parity in the world of #BigLaw. While the lion-share of the global market is still dominated by many of the usual suspects, the evolution of the legal market over the past few years has allowed many additional firms to realize growth at an astonishing pace and scale. These ambitious players have ranged from Vault-20 firms to mid-market teams that use lower rates, more collegial environments and at-or-near market comp to lure away top-of-market talent and punch above their weight. The latest firm to unveil its plans for U.S. growth is a long-time staple of the international legal market - Norton Rose Fulbright. This is a firm that broke into the U.S. market via merger with Texas-based Fulbright & Jaworski in 2013 (and which has since leveraged the latter's positioning in the Texas market to become a force in the U.S. #energy and #renewables space), but that has since remained relatively small in terms of headcount across U.S. offices. What we've learned from the BigLaw arms race to secure rainmaking attorneys over the past year is that many firms are adopting a very simple philosophy: increased scale = increased revenue. That means allocating huge amounts of resources towards increasing the number of talented (key word) attorneys among a firm's ranks. Norton Rose's Texas-based U.S. managing partner 𝐉𝐞𝐟𝐟 𝐂𝐨𝐝𝐲 seems to concur: “𝘐𝘧 𝘺𝘰𝘶’𝘳𝘦 𝘤𝘰𝘮𝘱𝘦𝘵𝘪𝘯𝘨 𝘵𝘰 𝘣𝘳𝘪𝘯𝘨 𝘪𝘯 𝘯𝘦𝘸 𝘵𝘢𝘭𝘦𝘯𝘵, 𝘵𝘩𝘢𝘵’𝘴 𝘵𝘩𝘦 𝘴𝘵𝘳𝘢𝘵𝘦𝘨𝘺 𝘵𝘰 𝘨𝘳𝘰𝘸 𝘵𝘩𝘦 𝘧𝘪𝘳𝘮 𝘢𝘯𝘥 𝘱𝘳𝘰𝘥𝘶𝘤𝘦 𝘮𝘰𝘳𝘦 𝘳𝘦𝘷𝘦𝘯𝘶𝘦 𝘢𝘯𝘥 𝘨𝘳𝘰𝘸 𝘮𝘰𝘳𝘦 𝘩𝘰𝘶𝘳𝘴.” Per Cody, Norton Rose - which currently sits at about 850 lawyers across its U.S. offices - is on pace to reach about 900 by year's end, with the goal of hitting 1,000 by the end of next year. We've seen this model of rapid growth via aggressive talent acquisition work in the past, and it already seems to be tracking at Norton Rose, who saw a 13% revenue increase last year and what projects to be even better 2024. If this trend continues, it should be very exciting to see where NRF finds itself come New Years 2026! https://lnkd.in/euW-gJdU