It’s seen as one of the more traditional firms in the City, but today Slaughter and May threw off its conservative cloak.
Before making the radical move, the firm went through a lengthy risk assessment first. To start, Slaughters put its faith in a lawyer it has known for some time – Morrison & Foerster’s co-head of China capital markets John Moore.
It then tackled the dilemma of how to create a US law capability without stepping on the wrong toes. Practice partner Paul Olney tells us that Slaughters’ US buddies were kept informed of its every move.
“Our preferred model has been to team up with US firms, but that hasn’t been credible [in Hong Kong],” Olney said. To keep up with the competition the firm has had to break with tradition.
Carefully does it.
Also on TheLawyer.com :
- Herbert Smith Freehills’ (HSF) bank overdraft rose from £26m to £62.7m last year as total bank borrowings grew by more than £30m, the firm’s latest LLP accounts have revealed
- Slaughter and May’s first-ever female partner, and financial regulation group head, has retired after 37 years at the City firm
Freshfields Bruckhaus Deringer’s highest-paid partner took home £2.5m last year, down 14 per cent from 2011/12, the firm’s LLP accounts have shown