- UK 200 Position: 18
- UK 200 Position: 18
- UK/global turnover: £20.63m/£371.24m
- Global PEP: £1.23m
- UK/global RPL: £903,000/£599,000
2006 was another strong year for the London office of New York M&A machine Davis Polk & Wardwell, despite the office remaining without an English law capability. The office scored some superlative IPOs, including India’s largest, the £3.93bn flotation of Reliance Petroleum, led by tax partner John Paton. London corporate partner Tom Reid also scored a headline Indian IPO with the flotation of Cairn Energy on the Bombay Stock Exchange.PEP at the firm, which is one of the few to remain avowedly an all-equity partnership with lockstep remuneration, is now well more than the £1m mark, giving London partners an average of £1.23m. But that prize is guarded jealously, with no promotions in London in 2006 and no lateral hires.
Gibson Dunn & Crutcher
UK 200 Position: 17 UK 200 Position: 17 UK/global turnover: £29.76m/£439.66m Global PEP: £951,000 UK/global RPL: £583,000/£491,000 US West Coast-headquartered Gibson Dunn & Crutcher’s London office had a storming year in 2006, bettering the previous year’s growth in terms of both headcount and turnover. Globally the firm’s revenue and PEP increased by a steady 8.4 […]