There are 21 US-headquartered firms in the City 50, our first-ever ranking of law firms by London revenue. That fact alone has caused some jitters among certain sections of the UK market. It shouldn’t. The US firms are taking over? No, no, no: they’re really not. The magic circle accounts for 25 per cent of […]
Litigation, the engine of the stratospheric domestic profits for US firms, is, ironically, the calling card for the UK’s elite law firms if they are ever to crack America, writes The Lawyer’s editor Catrin Griffiths.
Using Global 200 data, The Lawyer reveals which law firms have failed to keep pace with the global market, and what this group’s performance since 2008 can tell us about the future for the world’s top law firms