There is change at the top in this year’s top 30 international firms in London. Last year it was all about Baker & McKenzie, reigning supreme at the top of the list, and Quinn Emanuel Urquhart & Sullivan, the shooting star rising up through the ranks.
This year Latham & Watkins has taken the top spot from Bakers, which drops out of pole position for the first time in three years despite posting a rise in UK revenue. Quinn Emanuel has dropped out of the top 30 table altogether.
It’s been a rollercoaster few years for international firms in the capital. Latham has turned around its fortunes following a brutal 2009, when it culled 190 associates and 250 paralegal and support staff globally.
More recently the firm has been on a lateral hiring mission. Its new recruits have included an influx of private equity talent from Clifford Chance such as deal maker Kem Ihenacho, who’s hire follows that of David Walker and Tom Evans, who left the magic circle firm in 2013.
But with a 4 per cent growth in UK revenue along with a handful of new Linklaters associates, maybe second place won’t feel too shoddy.
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