Revealed: the firms making the most money in global litigation

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Readers' comments (10)

  • litigation

    In my experience there is simply less will to litigate than the press makes out. We have been retained by a number of clients on matters which I suspect will not go anywhere, companies are simply hedging their bets. American firms can't expand their litigation business in Europe on such a speculative basis.

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  • UK firms in the US

    The only way a Magic Circle or top UK firm is going to compete on litigation with a US firm is with a merger, but a deal with one of the top US firms – ie a Debevoise or a Davis Polk is not going to happen.

    Far more likely would be a merger with a litigation boutique – that would be far more sensible and easier to digest.

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  • Magic circle

    It's completely unrealistic to expect the magic circle to be able to compete with US firms in litigation. Clifford Chance tried to do it and were forced to lay lawyers off because they do have the reputation or the capabilities to build the right client relationships.

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  • UK v US

    This research shows that UK firms are no longer the rounded firms they once were.

    It's no doubt going to cause them problems in during the economic downturn.

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  • backup

    where is the table that prsents this data (to say nothing of the data itself)?

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  • Downturn

    Clifford Chance is also experiencing sluggishness in the London office and has done so for quite some time. They have a reputation for charging too high fees to clients and they simply cannot compete with the US firms.

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  • business model

    It is quite simple really. UK firms have a totally different business model and this really highlights that. Litigation plays such an insignificant role at UK firms.

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  • UK firms

    The magic circle may not have the presence in the US yet but that will change. It's easy for US lawyers to say that we can't succeed in the US because at the moment it is a challenging environment. I do think our international capabilities count for a lot and will ultimately help us to succeed in the US.

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  • Litigation downturn

    Work has been slow in the London litigation office of CC as well. The magic circle firms are simply huge machines who do not have the capacity to build up good relationships with clients. US firms offer better quality at better rates.

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  • Where's the difference: naughty banker - lawyer ?

    It remains a mystery why lawyers are able to charge huge fees and yet avoid deserved capital punishment for ruinous advice.

    Bankers are currently the victim of choice for the maddened proletariat , but I sense more trouble when the connection is examined: between bankers, playing fast and loose with investors money, and lawyers who gave the legal advice Bankers sought, bought and used in creating the financial debacle they jointly brought down on us.

    Perhaps , less gloating over partnerial windfalls and dollar earnings per company drone would go some way to lessen the prospect of a Shakespearean ending for the good, bad and downright ugly lawyers; as remote from good honest folk as bankers.

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