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US firm Cravath sends global M&A head to London

Not surprising that Cravath, who seem to revel in their Garboesque persona, declined to comment. I suspect that part of the reticence on this occasion may be due to the fact that Hall's relocation speaks, at the very least, of a rethink about the importance to the firm of anywhere outside the US. If this were not the case, there are plenty of able corporate lawyers back in NY who could do the job but who don't happen to be rainmakers of Hall's quality. As for not practising English law, that may be so for the moment. We heard as much from Davis Polk for an eternity. It would be a fool who was prepared to bet categorically that Cravath won't be knocking on a Magic Circle door one day. In any event, it's nice to see the firm take one hesitant step into 21st century water. I suspect that they may find the temperature much to their liking.

12-Oct-2012

3:55 pm