Skadden kicks off City funds team with Macfarlanes hire By Joanne Harris 21 September 2011 09:38 17 December 2015 14:29 Sign in or register to continue reading. It's FREE Sign in Email Password Keep me logged in Forgot your password? Not registered? It's FREE! Register now Register with The Lawyer Anonymous 21 September 2011 at 12:40 The Macfarlanes exodus continues… There must be big trouble at t’mill. Reply Link Anonymous 21 September 2011 at 14:23 Utter rubbish. The Macfarlanes funds practice is a class act – as far as I understand, the departing partner will not be taking any clients. It’s just another case of a bright partner being lured by the big $. Could be a good career move for him, but then again it might not… Reply Link Fund hawk 21 September 2011 at 15:18 @Anonymous 2.23pm is missing the point. It’s not “just another case of another partner being lured” by the dollar. That is the issue, the American firms have the money and even more importantly they have the clients. Look where the lawyers have come from, Clifford’s (Weils), SJ Berwin (Proskauer, Kirkland, O’Melveny), Travers Smith (Proskauer) and now Macfarlanes. Stephen Sim’s move is not a flash in the pan! I’m not at an American firm but it’s easy to see where the trend is going. Reply Link Anonymous 21 September 2011 at 15:25 @ Anonymous | 21-Sep-2011 2:23 pm – I presume that you are a Macfarlanes partner. For a firm of Macfarlanes’ size to suffer five partner defections in barely a year is a sign of severe, firm-wide, problems. No amount of PR gloss can prevent outsiders from seeing the obvious. Reply Link marx 21 September 2011 at 17:50 There have been quite a few departures from Macfarlanes over the last year or so. Are they all jumping or is there some pushing going on? Reply Link Anonymous 21 September 2011 at 19:09 Its just being picked to pieces over time by bigger firms with better platforms and more money. The same as Travers. Too small, no strategy, no international business and the big money shared by too few partners. Macfarlanes are an irrelevance in the new age of clients who want global coverage. Reply Link Anon 22 September 2011 at 11:09 @ Anonymous | 21-Sep-2011 7:09 pm – The only strategy seems to be for the top of equity to make as much money as they can before retirement. The firm is unlikely to exist in ten years’ time, it is getting left behind at an increasing speed. Reply Link Anonymous 22 September 2011 at 11:34 They were being written off in similar terms in the late 80s. They haven’t done badly since. Reply Link Anonymous 22 September 2011 at 13:04 The problem for Macfarlanes is that it is too big to be a boutique, Travers is a lot smaller. It is not a cohesive enough culture, again unlike Travers. Big firms don’t always win, Dickson Minto does alright, because it is clear about what it does and does it well. Macs have become too generalist and hiring senior guys in real estate only goes to prove it. Reply Link Stephen Pipes 22 September 2011 at 14:20 Too big to be a boutique, a dwarf compared to the largest firms, Macs is holded below the water line and taking on water fast. The rats are starting to jump… Reply Link Name Email Cancel reply Threaded commenting powered by interconnect/it code.