City law firms continue to see robust financial growth, with Clifford Chance reporting its best financial performance for seven years, and Macfarlanes LLP and Mills & Reeve LLP experiencing notable increases in turnover.
Winston & Strawn and Taylor Wessing have completed their previously announced merger, launching new transatlantic law firm Winston Taylor, the firms confirmed on Monday 1 June. The combination brings together more than 1,400 lawyers and is projected to generate around $1.75 billion in revenue.