Paul Hastings’ London head on the firm’s plans for careful growth

The results are now flooding in as this year’s US financial reporting season gathers pace, and several firms are breaking through significant barriers. White & Case has hit the $1.5bn mark , Paul Weiss produced $1bn last year , and King & Spalding’s 8 per cent growth is bringing it close to $1bn.

One firm yet to report is Paul Hastings . But its London chair Ronan O’Sullivan is pretty confident that his firm had a good 2014 and is even more positive about the rest of the year.

In today’s leadership interview, O’Sullivan reveals that the firm is unfazed by the arrival of technology rival Cooley in London and, while it is yet to make the raft of lateral hires which some of its rivals have engaged in in the City, is planning a focus on finance for future growth.

Over at Pillsbury , chair Jim Rishwain is planning more aggressive growth. The firm wants to double its London office headcount within a year across several practice areas.

Make no mistake – US firms are planning to reinvest their increased earnings, and London is a key target.

Also on TheLawyer.com:

Featured Briefing
Litigation – 20 Essex Street: Fuel oil, pirates and strict liability: Trafigura Beheer v Navigazione Montanari
Litigation – Ince & Co: English Court clarifies what law governs procedure applied in Hong Kong arbitration
Competition – Dentons: Failure of competition in retail energy markets: ‘disengaged customers’ (still) the root cause?
Employment – Shoosmiths: New compensation limits from April
Media – Goodman Derrick: Privatise BBC Three? – I don’t believe it