The recent turbulence in WilmerHale’s UK operations, which saw a team of three highly rated corporate partners decamp for Heller Ehrman, followed quickly by a tax partner and two senior associates, as well as the closure of its outpost in Oxford, is not hinted at in its year-end figures. Globally the firm saw revenue increase by 10 per cent, from £447.8m to £543.48m.
But its London arm, which includes Oxford, did far better. Here revenue grew from £21.43m to £25.2m, a rise of 19 per cent.
A string of major matters, including the £230m sale of Domantis to GlaxoSmithKline, the CTC Media IPO and Lufthansa’s air cargo arbitration, kept the cash rolling in to the firm’s City office.
The current year may not exactly have got off to the start it would have wanted, but the firm that has been in London since 1973 is not about to leave.