US giant eyes UK

Chicago firm McDermott Will & Emery, one of the largest firms in the US, is planning to open an office in London following the official severing of its association with City firm Paisner & Co last month. McDermotts' chairman, Lawrence Gerber, said it no longer needed the formal link with Paisner & co to serve its clients. But he said the firm and its clients would benefit from an office in London which specialised in project finance and intellectual property.