Just when we were starting to think that UK firms’ US ambitions were so three years ago, A&O proves the UK-US love affair is alive and well.
The magic circle firm may have turned its attentions to Australia (see story) and Northern Ireland (see story) in recent times, but today’s news of a Washington DC launch proves that America is still the apple of its eye (see story).
With the hire of three lawyers from O’Melveny & Myers and the relocation of New York banking head David Slade, A&O isn’t hitting the DC market with anything like the kind of splash it made on entering Australia, when it snared a 14-partner team from Clayton Utz. But with plans to bulk up in areas such as securities enforcement, project finance, international arbitration, antitrust and intellectual property, it looks like its plans for the US capital are pretty ambitious.
With the launch of The Lawyer Transatlantic Elite this week, it’s easy to see why cracking America remains such an alluring challenge.
Post-merger Hogan Lovells has climbed the global revenue table from legacy firm Lovells’ 25th place ranking to number nine. The firm has even managed to nudge up the profits table too.
The American game is clearly back on – and it’s as tantalising as ever.