The shape of US-based restructuring teams in the City looks set to change with Bingham McCutchen’s London managing partner James Roome mulling his options while his firm negotiates a tie-up with Morgan Lewis & Bockius (see our analysis for more details).
Initially Roome’s exit was thought to be a direct result of Bingham’s merger talks but it appears his own negotiations with Akin Gump Strauss Hauer & Feld have been in the offing for several months.
Recruiters scrambled this week to find out who from Bingham’s highly regarded bond restructuring team are still on the market but all the firms involved have closed ranks.
That’s not stopping the headhunters from ringing the phones off the hook. With a dearth of finance associates, a lot of other US firms are hoping to restock their offices with some Bingham lawyers.
Morgan Lewis or Akin Gump? A decision is close.
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- Gateley will retain just 47 per cent of its autumn-qualifying newly-qualified (NQ) cohort