Dechert’s London office grew 44 per cent in 2012 following a year characterised by aggressive hiring across the City. In terms of global revenue, the firm posted an 8.6 per cent increase to $729m.
This global revenue increase, up from $671m in 2011, could be down to a number of office openings during 2012. These include Kazakhstan, Chicago, Dubai and Frankfurt with hires from Mayer Brown and Dewey.
The firm’s London and Dubai offices recruited around 25 members of staff from its now defunct rival Dewey & LeBoeuf. The hiring frenzy saw a number of Dewey partners join Dechert’s City base, including corporate lawyers Louise Roman Bernstein and Camille Abousleiman, who in December advised on the debt restructuring of Kazakhstan-focused oil and gas group Max Petroleum.
The deal came months after the firm raided Chadbourne & Parke’s energy practice to launch an office in Almaty, Kazakhstan.
In London the firm has also expanded significantly. The recruitment ball began rolling in April 2011, when the London office hired DLA Piper’s joint global head of litigation Neil Gerrard and EMEA head of corporate crime and investigations Jonathan Pickworth. DLA Piper investigations and compliance partner Duncan Wiggetts and head of trade and government relations Miriam Gonzalez followed their lead months later.
That hiring spree continued into 2012, with notable hires including Herbert Smith’s Europe head of litigation, arbitration and employment Dmitry Kurochkin who joined the firm’s Moscow office, and Norton Rose litigator Antony Dutton.