A farewell to UK finance work By Catrin Griffiths 20 January 2014 00:02 10 December 2015 23:32 Sign in or register to continue reading. It's FREE Sign in Email Password Keep me logged in Forgot your password? Not registered? It's FREE! Register now Register with The Lawyer Anonymous 20 January 2014 at 13:19 Excellent article, Catrin. Well written and great angle. More like this please! I do wonder what the “unpublishable” comments were. Suspect some bloggers went to heavy on the SJZb-bashing, or commenting on the aesthetics of Leanne. Reply Link Nick 20 January 2014 at 13:23 Well said. I think the appeal of Hogan Lovells will be that a real stamp can be made on its PE practice, and they can use the US angle whereas SJB simply cannot. There is a good culture at Hogan Lovells which will be appealing, perhaps more so than on offer at the true US outfits. Reply Link Anonymous 20 January 2014 at 13:44 Good article. I think the reason the articles on Ed and Leanne incited so much attention and comment is that, in the context of that particular team, it is a huge deal and loss. There are plenty of people out there who are clearly so burnt from their own experiences at SJB that they revel in speculating on the “whys”. What is consistent from the comments is the perception that the culture drove them to leave. Whether that is right or not is not for me to say, but as I said – the comments are fairly consistent on that … Agree that the move to Hogan Lovells is an interesting one. But, they do have the US arm that SJB does not, whilst perhaps retaining a good culture that the London based US firms do not offer. On paper, it’s not so unusual a move when compared to SJB, but I agree that it goes against the current trend slightly. Reply Link Anonymous 20 January 2014 at 13:49 I’m not sure how successful KWM will be at getting a US merger after it’s previous failed attempts (Proskauer; Orrick). With that in mind, as you say one wonders at the future of a PE team without US capability and, frankly, Ed and Leanne’s move isn’t surprising in the slightest. Reply Link Anonymous 20 January 2014 at 14:58 So are you suggesting that firms without a US capability should shut up shop on PE? Reply Link Anonymous 20 January 2014 at 15:02 Teams move for dollar, culture or better prospects. In this case, it’s a commendable move for better culture and prospects. Reply Link Alice 20 January 2014 at 15:15 Hogan Lovells is ranked above SJB in Chambers both for mainstream corporate and PE deals (amongst other practice areas). So the move is not questionable. Reply Link Anonymous 20 January 2014 at 17:30 Anon @ 2:58: I think Catrin rightly suggests that firms with no US capability canstill find a niche in the mid-market – but it is certainly the case that a PE team with no US finance capability will be fishing in a limited pool for deals as they simply do not have the toolkit to compete at the upper end where, as the article says, most deals have an element of US financing Reply Link Anonymous 21 January 2014 at 16:14 Agreed. Ed and Leanne’s move / choice of firm is not an odd one. It is ranked better than SJB in many areas, and is a much more global offering. It is commendable that they didn’t move for the golden dollar. Reply Link Ally 22 January 2014 at 14:34 So what, anybody at a firm without a US office doing PE should consider their options? Is this propaganda that causes the attrition rates and the mass moves. Reply Link Anonymous 22 January 2014 at 22:42 Hogan Lovells are infinitely a better firm that SJB. Even, perhaps surprisingly, in the private equity space (see Chambers guide). I don’t understand why the move has drawn so much attention and raised so many questions – it is an excellent move which will offer a better platform and, by all accounts, a much more pleasant culture! And I agree entirely with the conclusions drawn in Catrin’s article – firms without a US arm are going to struggle. They can perhaps maintain a good workflow for 1-2 years, but the US market really is becoming the ‘go to’ financing option for PE houses. Reply Link Name Email Cancel reply Threaded commenting powered by interconnect/it code.