Angel’s move is a significant coup for SJ Berwin. The real estate and private equity focused firm has struggled during the recession. The firm’s well-publicized merger discussions with Proskauer Rose collapsed in November.
Widely regarded as one of the most successful large law firm leaders of his generation, Angel, over two terms at the helm of Linklaters, guided the Magic Circle firm through a transformative period of global expansion. In that nine-year period, revenue increased 57 percent and average partner profits more than doubled. When he took over in 1998, 85 percent of Linklaters’ staff were based in the firm’s London headquarters. When he left the firm in 2007–to take up a position as executive managing director and head of Europe, the Middle East and Africa at ratings agency Standard & Poor’s Financial Services—that figure dropped to just 35 percent.
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