US players grow London footprint as partner presence rises almost 10%
US law firms grew their partner count in the City by close to 10% during 2011 as they continued to increase their share of the European legal market. Legal Week's research into the hiring activity and penetration of US firms in London found total partner count at the 45 US and transatlantic firms in London taking part in the survey increased by 91 in the year to January 2012, to 1,199.
March 15, 2012 at 08:03 PM
3 minute read
Stateside elite continue to ramp up City partner presence in push into Europe
US law firms grew their partner count in the City by close to 10% during 2011 as they continued to increase their share of the European legal market.
Legal Week's research into the hiring activity and penetration of US firms in London found total partner count at the 45 US and transatlantic firms in London taking part in the survey increased by 91 in the year to January 2012, to 1,199.
The increase, which reflects both lateral partner hires and internal partner promotions, comes against an increase in total lawyers, excluding partners, of around 100 to 2,724.
The research shows Reed Smith has the largest partnership of all of the US firms in the City at 108, followed by Mayer Brown at 96 and Baker & McKenzie at 85. White & Case has the next largest City partnership at 74, with the firm also housing the largest number of total lawyers in London, at 374.
To put the figures into perspective, the group's partnerships are now larger than several leading London firms such as Travers Smith, which has around 61 partners.
Macfarlanes senior partner Charles Martin said: "Hiring from US firms in the funds area in the City has been little short of a frenzy over the last year. We are operating in an extremely competitive market and US firms are just changing the shape of the competition."
The trend is also highlighted by expansion so far in 2012 which is not included in the research, such as Davis Polk & Wardwell's launch of an English law practice with the hire of Freshfields Bruckhaus Deringer partner Simon Witty and the London launches of Vedder Price and Locke Lord Bissell & Liddell.
Legal recruiter Siobhan Lewington from Fox Rodney Search said: "We have seen strong hiring from US firms in the City over the last year as part of their globalisation strategy and as they look to capitalise on London as an access point for European and other international growth."
However, while many US firms have been expanding rapidly in the City, it may not be quite such smooth sailing for all in 2012, with White & Case and Dewey & LeBoeuf among those set to see departures this year as part of wider global cutbacks.
Dewey is set to see departures at both partner and associate level, with White & Case expecting to see some partners go as a result of a crackdown on partner performance.
This content has been archived. It is available through our partners, LexisNexis® and Bloomberg Law.
To view this content, please continue to their sites.
Not a Lexis Subscriber?
Subscribe Now
Not a Bloomberg Law Subscriber?
Subscribe Now
NOT FOR REPRINT
© 2024 ALM Global, LLC, All Rights Reserved. Request academic re-use from www.copyright.com. All other uses, submit a request to [email protected]. For more information visit Asset & Logo Licensing.
You Might Like
View AllAshurst Beijing Chief Representative Leaves for New York Boutique Sterlington
Hogan Lovells Banking Partner Returns to Baker McKenzie Ahead Australia Exit
2 minute readTrending Stories
- 1Call for Nominations: Elite Trial Lawyers 2025
- 2Senate Judiciary Dems Release Report on Supreme Court Ethics
- 3Senate Confirms Last 2 of Biden's California Judicial Nominees
- 4Morrison & Foerster Doles Out Year-End and Special Bonuses, Raises Base Compensation for Associates
- 5Tom Girardi to Surrender to Federal Authorities on Jan. 7
Who Got The Work
Michael G. Bongiorno, Andrew Scott Dulberg and Elizabeth E. Driscoll from Wilmer Cutler Pickering Hale and Dorr have stepped in to represent Symbotic Inc., an A.I.-enabled technology platform that focuses on increasing supply chain efficiency, and other defendants in a pending shareholder derivative lawsuit. The case, filed Oct. 2 in Massachusetts District Court by the Brown Law Firm on behalf of Stephen Austen, accuses certain officers and directors of misleading investors in regard to Symbotic's potential for margin growth by failing to disclose that the company was not equipped to timely deploy its systems or manage expenses through project delays. The case, assigned to U.S. District Judge Nathaniel M. Gorton, is 1:24-cv-12522, Austen v. Cohen et al.
Who Got The Work
Edmund Polubinski and Marie Killmond of Davis Polk & Wardwell have entered appearances for data platform software development company MongoDB and other defendants in a pending shareholder derivative lawsuit. The action, filed Oct. 7 in New York Southern District Court by the Brown Law Firm, accuses the company's directors and/or officers of falsely expressing confidence in the company’s restructuring of its sales incentive plan and downplaying the severity of decreases in its upfront commitments. The case is 1:24-cv-07594, Roy v. Ittycheria et al.
Who Got The Work
Amy O. Bruchs and Kurt F. Ellison of Michael Best & Friedrich have entered appearances for Epic Systems Corp. in a pending employment discrimination lawsuit. The suit was filed Sept. 7 in Wisconsin Western District Court by Levine Eisberner LLC and Siri & Glimstad on behalf of a project manager who claims that he was wrongfully terminated after applying for a religious exemption to the defendant's COVID-19 vaccine mandate. The case, assigned to U.S. Magistrate Judge Anita Marie Boor, is 3:24-cv-00630, Secker, Nathan v. Epic Systems Corporation.
Who Got The Work
David X. Sullivan, Thomas J. Finn and Gregory A. Hall from McCarter & English have entered appearances for Sunrun Installation Services in a pending civil rights lawsuit. The complaint was filed Sept. 4 in Connecticut District Court by attorney Robert M. Berke on behalf of former employee George Edward Steins, who was arrested and charged with employing an unregistered home improvement salesperson. The complaint alleges that had Sunrun informed the Connecticut Department of Consumer Protection that the plaintiff's employment had ended in 2017 and that he no longer held Sunrun's home improvement contractor license, he would not have been hit with charges, which were dismissed in May 2024. The case, assigned to U.S. District Judge Jeffrey A. Meyer, is 3:24-cv-01423, Steins v. Sunrun, Inc. et al.
Who Got The Work
Greenberg Traurig shareholder Joshua L. Raskin has entered an appearance for boohoo.com UK Ltd. in a pending patent infringement lawsuit. The suit, filed Sept. 3 in Texas Eastern District Court by Rozier Hardt McDonough on behalf of Alto Dynamics, asserts five patents related to an online shopping platform. The case, assigned to U.S. District Judge Rodney Gilstrap, is 2:24-cv-00719, Alto Dynamics, LLC v. boohoo.com UK Limited.
Featured Firms
Law Offices of Gary Martin Hays & Associates, P.C.
(470) 294-1674
Law Offices of Mark E. Salomone
(857) 444-6468
Smith & Hassler
(713) 739-1250