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This year, The Lawyer’s annual ranking of the largest UK law firms by turnover is available as an interactive, digital benchmarking tool. For the first time this will allow you to manipulate each data set against the metrics of your choice.
Davis Polk & Wardwell, one of Wall Street's largest US firms is expanding its London practice after it moves to new buildings in the City.
The firm, which has been based in 1 Frederick's Place for the last 12 years, will move into 99 Gresham Street in the autumn.
Keith Kearney, managing partner of the firm says: "We are currently cramped in the existing offices and we needed more office space."
The US firm has seen a growth rate of three to four lawyers a year. Kearney says the firm plans to build its London practice: "There are some 33 lawyers in the London offices; seven years ago, there were less than a dozen."
Kearney says the firm is not going to be competing for work with the large City firms, as Davis Polk & Wardwell practises New York law only. Kearney comments: "The move is not tied in any way to a particular business philosophy."
The property has been one of the largest empty properties in London. The rent charged is understood to be £48.50 per square foot.