Akin Gump’s 7 per cent rise in turnover for 2013, which it has just posted, is dwarfed by its 16 per cent rise to $31.3m in London.
The firm’s chair Kim Koopersmith, who last year put London squarely at the heart of Akin Gump’s international strategy, said the 2013 results were partly thanks to the investments it had made during 2012. Koopersmith also made a rallying cry for the success and visibility of its UK arm.
“We think we’ve made a great deal of strides in London,” said Koopersmith. “There has been growth in our core areas including funds, energy and dispute resolution. I’m of the view that our reputation [in London] is catching up with our experience but it takes time. But we’re going get there, I’m telling you we’re going to get there.”
Okay, we hear you. Right now Koopersmith is ruling out the option of a merger to help Akin “get there”, saying, “it’s not our strategy or part of our thinking”.
Next month’s annual International Top 30 firms in London feature (here’s last year’s) will reveal whether or not Akin’s City boost is enough to secure itself a berth among the largest US players over here. Chances are it’s not, meaning just maybe Koopersmith should reassess that thinking.
Also on www.thelawyer.com:
- Paul Weiss’ Brad Karp: 2013 was busier than any year in our history
- Hogan Lovells to launch onshore low-cost centre in Birmingham
- Pillsbury launches English law asset finance team with five-lawyer hire from DLA Piper
- Feature: US firms on the march, laterally
- And will Patton Boggs and Squire Sanders be a fine romance?