It’s almost as if legacy LG’s acquisition of Tite & Lewis (T&L) never happened. For those that remember, T&L was the former law firm of accountancy giant Ernst & Young (EY), but they were taken under LG’s wing after leaving EY in April 2003, when the accountants got cold feet about the law post-Andersen.
But a trophy move like that doesn’t come without its problems. Three of the five partners who joined LG from T&L left the firm just two years later. Now the remaining two – including name partner Christopher Tite – are packing it in for Wedlake Bell. They joined the firm at the start of this month, just as LG’s management was popping bottles of champagne to celebrate its merger with Wragge & Co.
But while LG grows in size and brand to become Wragge Lawrence Graham & Co, T&L’s former pal EY is on a growth bender of its own. Having split from its UK legal affiliate, it is now in the process of setting up various legal capabilities, with a legal arm in financial services to be led by BLP’s former head of finance Matthew Kellett – a hire which came weeks after EY hired Addleshaw Goddard corporate managing partner Phillip Goodstone. Oh, and it wants to double its Asian legal capacity within the next 12 months, too.
The legal wheel of fortune is turning.
Also on The Lawyer:
- Hogan Lovells’ international management committee has introduced a 10-strong flexible working group, to be led by the firm’s co-head of corporate Andrew Skipper
- BLM’s senior partner Mike Brown is intent on leading his insurance-focused firm into the big league
- Norwegian firm Wikborg Rein will soon expand its China presence to Beijing on the back of increasing revenues from the jurisdiction