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.
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.
Make no mistake – US firms are planning to reinvest their increased earnings, and London is a key target.
Also on TheLawyer.com:
- Berwin Leighton Paisner falsified its trainee retention figure for this spring, it has emerged
- Freshfields Bruckhaus Deringer and Skadden have won roles advising on the proposed £4.3bn merger of the world’s two largest drinks can manufacturers, Rexam and Ball
- Young lawyers are less satisfied and feel less pride in their jobs than their more senior counterparts, research by the Law Society has reveale