Six more City lawyers are likely to have doubled their pay by accepting offers to join the London office of US firm Cadwalader Wickersham & Taft.
Simmons & Simmons' insolvency partner James Roome is going, together with insolvency assistant Yvette Croucher. Croucher is understood to have been tempted by Cadwaladers' London salary for three-year qualifieds of up to £75,000.
Average profits per partner at Cadwaladers last year were around £400,000.
US partner Mitchell Sonkin, a member of Cadwalader's management committee denied reports that former Freshfields partner James Starkey and former Clifford Chance insurance insolvency partner Andrew Wilkinson had been guaranteed a £400,000 profit share.
Another US firm, believed to be Akin Gump Strauss Hauer & Feld, is currently offering a salary up to $275,000 (£167,000) – nearly twice the rate at UK firms – for a UK junior partner to service its existing global clients from London. They do not want the lawyer to bring new business.