Baker & McKenzie has released its financial results for the 2013 financial year, citing “record global fee income and double-digit profits per partner (PPP) growth.”
Global fee income totaled US$2.4 billion, up five percent, while PPP rose 10 percent to US$1.2 million, on net income of US$862 million.
The breakdown of revenue by region was 37 percent for EMEA, Asia Pacific 28 percent and 35 percent in the Americas.
The firm did not release any standalone figures for its Australian practice.
Debevoise & Plimpton LLP won the Insurance Law Firm of the Year award at the ALB Hong Kong Law Awards 2024, apart from being the sponsor of the Insurance In-House Team of the Year award. Edwin Northover, Asia-based corporate partner and head of the firm’s financial institutions and corporate practices in Asia, talks about the firm's recent achievements, trends in the insurance industry, and future outlook for insurance law in Hong Kong.
U.S. law firm Kramer Levin Naftalis & Frankel and global legal giant Herbert Smith Freehills are planning to merge to create a firm with more than 2,700 lawyers, according to a joint statement on Monday.
Japanese boutique Tokyo International Law Office (TKI) is set to establish its first overseas outpost with the opening of a Singapore office in January 2025, marking a significant milestone in the rapidly expanding firm's global strategy.