This morning’s news is full of warnings that for those in distress, things could be about to get a little bit worse.
Sadly for Herbert Smith Freehills we are not talking about George Osborne’s doom-laden autumn statement (does he not know it’s winter? Has he seen the snow?). Following hot on the heels of highly rated junior corporate partner Will Pearce jumping ship to Davis Polk & Waldwell’s London arm and English-qualified corporate and energy partner Robin Wittering defecting to Russian law firm Egorov Puginsky Afanasiev & Partners in Moscow, City litigation partner Kevin Lloyd has now tendered his resignation.
Lloyd is set to make a similar ‘American law firm in London’ move to work alongside Lord Goldsmith QC for Debevoise & Plimpton.
If you are looking for a spot of crystal ball-gazing today, forget the Government’s bleak predictions on our economy. Turn instead to our prophetic Global Litigation Top 50.
Published on Monday, we suggested: “Don’t bet against seeing Debevoise beefing up its English law capacity in the coming months”. Do we know something you don’t? Quite probably. Or it could just have been litigation co-chair John Kiernan telling us that a UK presence is a “key question” for the firms with lofty top 50 ambitions?
From a well-thumbed leadership guide entitled ‘101 oldest tricks in the book’, Herbies has chosen today to announce some good news. Its low-cost Belfast document review centre, which previously handled just litigation support work, is now looking to move into real estate work, corporate due diligence and is also considering funds.