US hiring frenzy at UK and US firms

Whether it’s US firms swooping on entire City offices or London-headquartered firms going on hiring sprees in the US, you’d be forgiven for wondering if every story for the last couple of weeks didn’t have a US angle.

The mass relocation of Bingham’s London office to Akin Gump is very nearly complete after the firm announced yesterday that three of the remaining five London Bingham partners would be joining along with one more in Hong Kong.

Akin’s addition of London corporate partner Vance Chapman, funds partners Thomas Holton and Thiha Tun and Hong Kong corporate partner Matthew Puhar leaves just Frances Murphy and Elisabeth Baltay in Bingham’s London office.

Meanwhile on the other side of the Atlantic Freshfields Bruckhaus Deringer remains determined to lure the US elite apparently at any cost . The latest recruit, which commentators say must have required a break to the firm’s lockstep remuneration, is former Fried Frank senior partner and capital markets head Valerie Ford Jacob .

Akin Gump chair Kim Koopersmith said she didn’t approach the Bingham acquisition in “a dollars and cents way”. Likewise, it seems money is no object at Freshfields.

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