If Daniel Hurstel’s schedule on Thursday was anything to go by, the Paris legal market is in decent health. The head of Willkie Farr & Gallagher‘s office there, Hurstel was frantically attempting to juggle two deals while explaining parts of the U.S. firm’s strategy in London to a visitor. The Paris mood is cautious, but it falls short of the outright pessimism of New York or the uncertainty of London.
“There’s some nervousness about volatility, but a lot of our corporate clients are looking at opportunities,” Cleary Gottlieb Steen & Hamilton partner Pierre-Yves Chabert says, echoing a common sentiment in the market.Some U.S. law firms are looking at opportunities, too. For Willkie and Orrick, Herrington & Sutcliffe, Paris has become the power base of their European operations as they put expansion plans to the fore.
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