Revealed: Davis Polk snares Freshfields partner for English law launch

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  • Freshfields have become the favourite place for US firms to raid. You can cut your equity all you like to keep your profits high, but that won't stop the Yanks coming

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  • Should've gone to Linklaters. Could have picked up a bargain. Maybe they still will.

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  • Now that the Wall St elite appear to have discovered London can we expect to see Wachtell finally decide it needs to be here? Thought not...

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  • No, Abe (I can call you Abe, can't I?), Wachtell won't, and nor will Cravath, whose DNA is equally set against any sort of overseas presence. Different for Davis Polk, who have had a presence of sorts in a number of major jurisdictions for some time. It has got harder and harder for DP to justify the major lacuna of having diddly in London. This, one imagines, is merely the opening gambit of what will probably be a swift game of catch-up in the City.

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  • To the poster above: Cravath have been in London since 1973.

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  • But not practising English law.

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  • True, Kevin, but Davis Polk have had an office here for ages as well. The point is that Cravath don't, and in all probability, never will, practise English law - it's just the way they are. For Davis Polk, not practising English law in England was a strange anomaly, considering that they practise it elsewhere in the world. That is now remedied, as it had to be. One may argue how sustainable the Cravath model will be down the track, but that is another discussion for another day.

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