Baker & McKenzie Slashes U.K. Partner Promotion Round

Baker & McKenzie has promoted only one lawyer to its London partnership, compared with six in last year's promotion round. Restructuring and insolvency lawyer Louise Webb boosts the international firm's London partnership total to 85. Baker's decision to scale back partner promotions this year comes after similar moves by many of the U.K.'s top law firms, with the prolonged economic turmoil reducing the business case for new partners.