Freshfields trio launch arbitration boutique to challenge magic circle

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  • This is a tectonic shift in the arbitration world and a new London market leader with global standing emerges. One wonders how long MC outfits will have arbitration leaders in their firms. The very best seem to have opted for boutiques for some time now ...

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  • "Petrochilos, Partasides and Paulsson" has a nice ring to it and is memorably abbreviated?

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  • I don't think this shift just applies to MC firms. Nor is it confined to arbitration. The superstars of the international arbitration / litigation world are now able to set up highly profitable boutiques of "names". They don't suffer the conflicts issues of the established US / MC firms. They can also be more adventurous and competitive on fees.

    A law firm brand is increasingly unimportant to blue chip clients. They want a particular lawyer on their biggest cases. And if they can't instruct her/him they'll go elsewhere to another named individual.

    I predict that disputes departments in the top US/UK firms will increasing be depleted of stars, and will be staffed by solid (relative) unknowns doing work refered to them by the transactional departments. They'll revert back to being support departments.

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  • @3.02pm
    'A law firm brand is increasingly unimportant to blue chip clients'....hmm, not quite so sure of that, brand seems to be becoming increasingly more important. Senior partners forming boutiques to avoid conflicts have always, and will always, be formed from time to time, but I see no ground shift here, in fact quite the opposite.

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  • These boutiques, in some ways, bear a passing resemblance to barristers' chambers (with the ability to leverage the work of more junior lawyers whilst paying them far less).

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  • Happy to hear about Jan Paulsson, Constantine Particides and Georgios Petrochilos opening a boutique firm! While serving as the editor of Mealey's International Arbitration Report (1988 to 2008) I had the honor of covering Mr. Paulsson and Mr. Particides. Both gentlemen were also commentary contributors to the International Arbitration Report. Their commentaries made the publication shine!

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  • Anyone have any idea where this new boutique will be based out of?

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  • Looks like they are calling this "Three Crowns LLP" ??

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