Management consulting group Alvarez & Marsal and U.K top 100 firm BDB Pitmans have announced plans to create a new mid-market law firm. The two institutions have signed a letter of intent to create an operation called Broadfield, which will feature BDB Pitmans and will engage Alvarez & Marsal Legal…

In Singapore, A&O Shearman and Big Four Singapore firm Allen & Gledhill are advising Allianz on its planned acquisition of a 51% stake in Singapore insurer, Income Insurance Limited, for about $1.6 billion. “The proposed transaction marks a key milestone for Allianz in its strategic ambition to expand and strengthen…

While most law firms in the Am Law 100 have created and expanded a nonequity partnership tier, several law firms in the Second Hundred are retaining the single-tier model, as least for now. A range of firms such as FisherBroyles, Cleveland-based Tucker Ellis, New Orleans-based Phelps Dunbar and Los Angeles-based Irell &…

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Baker McKenzie’s Australian offices have increased revenue and profit over the past two years—even as partner numbers have declined, according to Australian national managing partner Anne-Marie Allgrove. The firm has 75 partners in Sydney, Melbourne and Brisbane, down from around 87 at the start of last year. But Allgrove said…

Businesses face a daunting challenge navigating regulatory compliance across multiple African countries but Afriwise, an Africa-focused legal intelligence platform, is harnessing the power of AI to offer innovative solutions. Afriwise, the African legal platform that acquired AI-based legal software developer Pythagoria in 2023, is deploying AI and their own legal…