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Travers’ US securities hire throws spotlight on client’s one-stop needs

If Travers Smith thinks that it can make up for years of investing far less than most of its competitors in its business - and not just in opening offices overseas, but in areas such as IT and its London premises - with a single lateral hire then it will be sadly mistaken. As a business it has been left behind. Miles behind the magic circle, of course, but also the likes of DLA Piper, Hogan Lovells and Norton Rose. It now has no way of closing the gap, without multiple mergers, indeed the gap will simply get larger and larger as its larger competitors increasingly leverage their scale.

14-Feb-2011

1:20 pm