Tue, 21 May 2013
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US firms' City bases outstrip UK firms' RPL by 50 per cent
It is a false comparison, and a meaningless one.
Whilst the London offices of major UK firms will invariably be large, full service and with a large part of their activities in areas such as real estate, commercial, IP, employment, pensions, competition etc, the London offices of US firms are in general smaller and focused more on high end niche areas with a much bigger weighting towards M&A and finance.
Compare a London office of a US firm which is genuinely full service, such as that of Baker & McKenzie, with the likes of Slaughter and May or Clifford Chance and you will get a rather different result.
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