North America
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The long, long haul - can the magic circle break America?
By Georgina Stanley | March 1, 2012
As attention turns to emerging economies, London's top firms continue to press on in the US. Georgina Stanley asks whether a breakthrough is finally in sight
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The long, long haul - can the magic circle break America?
By Georgina Stanley | March 1, 2012
As attention turns to emerging economies, London's top firms continue to press on in the US. Georgina Stanley asks whether a breakthrough is finally in sight
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Going organic: finding the balance between organic growth and lateral hiring in London
By Charlotte Edmond | June 15, 2011
Foreign firms in London still struggle to find that elusive balance between organic growth and lateral hiring. Charlotte Edmond charts the latest trends
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Going organic: finding the balance between organic growth and lateral hiring in London
By Charlotte Edmond | June 15, 2011
Foreign firms in London still struggle to find that elusive balance between organic growth and lateral hiring. Charlotte Edmond charts the latest trends
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GTM defies initial doubts but the going will only get harder
By Georgina Stanley | March 1, 2011
Given the initial scepticism that greeted the flashy launch of Greenberg Traurig Maher (GTM), the first thing that must be acknowledged is that the firm has defied critics to build a large practice at an astonishing pace. With 27 lateral partner hires joining since its launch was announced in June 2009, the firm has made more hires in the last 18 months than all other US firms have managed in the last five years bar Reed Smith. US firms have often promised this kind of aggressive growth but rarely, if ever, has it been delivered.
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GTM defies initial doubts but the going will only get harder
By Georgina Stanley | March 1, 2011
Given the initial scepticism that greeted the flashy launch of Greenberg Traurig Maher (GTM), the first thing that must be acknowledged is that the firm has defied critics to build a large practice at an astonishing pace. With 27 lateral partner hires joining since its launch was announced in June 2009, the firm has made more hires in the last 18 months than all other US firms have managed in the last five years bar Reed Smith. US firms have often promised this kind of aggressive growth but rarely, if ever, has it been delivered.
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Mayer Brown City outpaces firmwide financials with 10% revenue hike
By Georgina Stanley | February 2, 2011
Mayer Brown's London office has posted a 10% increase in revenues for the 2010 calendar year. The revenue increase takes the US firm's London turnover to £102m from £93m in 2009, with the growth following a 16% drop in fee income in 2009 from £112m. The result means London has outperformed the rest of the firm, where results were roughly static. Profits per equity partner inched up by 1% to $1.07m (£668,000) with revenue dipping 1% to $1.11bn (£691m) in 2010, having fallen almost 14% in 2009.
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Mayer Brown City outpaces firmwide financials with 10% revenue hike
By Georgina Stanley | February 2, 2011
Mayer Brown's London office has posted a 10% increase in revenues for the 2010 calendar year. The revenue increase takes the US firm's London turnover to £102m from £93m in 2009, with the growth following a 16% drop in fee income in 2009 from £112m. The result means London has outperformed the rest of the firm, where results were roughly static. Profits per equity partner inched up by 1% to $1.07m (£668,000) with revenue dipping 1% to $1.11bn (£691m) in 2010, having fallen almost 14% in 2009.
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US firms paused expansion in 2009 but are back on the hunt
By Georgina Stanley | March 3, 2010
As Legal Week's survey of lateral hiring by US firms in London recently demonstrated, partner moves were thin on the ground in 2009, at least by the yardstick of recent years. The research found 59 hires across 37 of the largest US firms. This was substantially down on the senior recruitment seen at US firms over the last five years - this group managed 77 partner hires in 2008 - but in many ways it is surprising that the figure wasn't even lower. Lateral hiring virtually shut down in the first half of 2009 as firms drastically slashed costs in the worst phase of the global recession. The second half of the year, which saw an aggressive hiring spree from Greenberg Traurig Maher claim no less than 15 partners, was pretty active in contrast.
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US firms paused expansion in 2009 but are back on the hunt
By Georgina Stanley | March 3, 2010
As Legal Week's survey of lateral hiring by US firms in London recently demonstrated, partner moves were thin on the ground in 2009, at least by the yardstick of recent years. The research found 59 hires across 37 of the largest US firms. This was substantially down on the senior recruitment seen at US firms over the last five years - this group managed 77 partner hires in 2008 - but in many ways it is surprising that the figure wasn't even lower. Lateral hiring virtually shut down in the first half of 2009 as firms drastically slashed costs in the worst phase of the global recession. The second half of the year, which saw an aggressive hiring spree from Greenberg Traurig Maher claim no less than 15 partners, was pretty active in contrast.
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