Earlier this summer The Lawyer reported that Addleshaw Goddard had shrunk its partnership by 19 since January this year.
Today’s hire of Winston & Strawn partners Kent Phillips and Jamie Harrison proves that it’s not all going in one direction at the national firm (see story).
The arrival of this pair coupled with the reduction in partner headcount offers a neat snapshot of the current legal market. Of Addleshaws’ 19 partner exits, five were corporate, four were real estate and three were finance (The Lawyer is still trying to confirm rumours that two turtle doves and a pear tree with a partridge in it also left the firm).
In contrast, Phillips and Harrison are litigators, part of a push by Addleshaws to build up its disputes and arbitration practice.
It looks like the firm’s recent announcement that it was launching a professional practices consultancy to advise firms on opportunities arising out of the downturn hasn’t stopped it from picking up a few gems itself (see story).
As for Winston, it’s not looking good in London, with the defections leaving it with just three partners based in the City.