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White & Case: no loitering

PS: Thinking of Latham, for instance, do you seriously believe that they owe their success to years of trying to "make like Baker & McKenzie"?? Come on! They owe it to years of "aping Cleary" and not caring a bit about the rest of the world.. W&C (where I don't work, for the record) is basically Shearmans, Cleary or Latham with a less preeminent global M&A practice. It's equally strong if not stronger than these 3 firms in finance, energy, international arbitration and emerging markets in general. And M&A being the single most profitable line of work for law firms, this explains the few hundred thousand bucks' difference in terms of profitability. Therefore if you're them, you try to slowly move up the ranks in M&A, while fostering integration and flexibility. Plain and simple. The rest, the Reed SMith analogy, the DLA role model etc., is just plain wrong advice, which doesn't even start to make place. Sorry to be frank.

19-Oct-2011

12:42 pm