The delusions of McDermott and Perkins Coie
The scene: A US firm boardroom, somewhere not in New York*. Big Cheese (furiously): ‘We’re not growing fast enough. What have you got?’ Smaller Cheese (panicking): Private equity! That’s the thing! Kirkland! Paul Weiss!’ Big Cheese: ‘Do whatever it takes. And do it now.’ Smaller Cheese: ‘Leave it with me. We’ll hire big in London. […]
The three booming US firms that aren’t Paul Weiss
Some US firms in London tend to get all the headlines, and as you know who they are, we won’t bother namechecking them again. But there are others, a tad more under the radar, that have had a barnstorming year in 2023 and whose time in the limelight is now. Such as Willkie Farr & […]
The first £200,000 NQ draws near
The latest newly-qualified (NQ) salary rise from Freshfields Bruckhaus Deringer still managed to raise interest last week, despite the fact enormous pay hikes are the new normal these days and that even £150,000 isn’t unusual any more (as of last week, Quinn’s £180,000 tops the market alongside Gibson Dunn). But it is still significant because […]
New York alone isn’t worth it anymore
European firms see more value in having a physical office in the Square Mile than they do in the Big Apple. Last week, Spanish firm Uría Menéndez became the latest to shut up shop in New York, having been there for 30 years. Uría was the final member of Slaughter and May’s fabled Best Friends […]
Here’s one solution to Linklaters’ departures
Thanks to Paul Weiss, Skadden and Kirkland & Ellis (but mainly Paul Weiss), Linklaters has a few empty chairs at Silk Street. One way a firm can replenish its ranks is through lateral hiring – enter Travers Smith corporate partner Richard Spedding – or internal promotions. Last month, a total of 14 lawyers were made up […]
Slaughters and Kirkland lead on £3.5bn bid for Royal Mail owner
Slaughter and May is leading for the owner of Royal Mail, which is poised to accept a takeover bid from Czech-owned EP Group (EP). EP’s bid values International Distribution Services (IDS) at approximately £3.5bn. Slaughters’ corporate team for IDS is led by partners Richard Smith and Claire Jackson. Kirkland & Ellis is leading for EP […]
Linklaters wins lead role on Raspberry Pi float
A capital markets team from Linklaters is taking the lead in the expected London Stock Exchange listing of British single-board computer developer Raspberry Pi. Under the leadership of equities global chair and capital markets partner Jason Manketo, the firm is working with both the Cambridge-headquartered chip maker and its non-profit subsidiary over the process of […]
Bird & Bird hires from Ashurst for Japan launch
Bird & Bird has announced it will be opening a new office in Tokyo with the hire of Ashurst partner Hiro Iwamura. The primary purpose of the office will be to support the firm’s Japanese clients in the renewable energy, life sciences and technology space with outbound work across Europe, the Middle East and Asia […]
Goodwin hits Euro 100 firm to bolster Luxembourg office
Goodwin Procter has given its Luxembourg office the early moving-in present of a new partner, hiring European 100 firm AKD’s co-head of investment funds. The US firm is bringing in Virginie Leroy to strengthen its European funds practice. Leroy spent more than four years at AKD, having joined from Canadian firm DSL in March 2020. […]
Candey jets to Caribbean with BVI office launch
Litigation boutique Candey has opened an office in the British Virgin Islands (BVI), marking the firm’s crossover into the offshore legal market. The firm is among a handful of firms that practise both BVI law and English law, with several of its lawyers already able to practise there, including partner Lisa Walmisley and BVI legal […]
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