This award highlights the US firm that has made the greatest progress over the past year in advancing its strategy, improving financial performance and winning instructions, particularly in the City. Please note that a large international presence is not a prerequisite for consideration for this award, although the judges will be looking for strong evidence of success in those foreign markets where the firm has offices.
2017 WINNER: Latham & Watkins
In 2016 Latham continued to invest in its global platform and further established itself as a market leader in the world’s key financial and business centres, particularly through a dozen senior hires in London, including Stephen Kensell from Allen & Overy.
FRIED, FRANK, HARRIS, SHRIVER & JACOBSON
Fried Frank’s stock is rising again. Ten percent growth in revenues year-on-year for 2015 was matched by increases of around 20% in PPL and PEP. This profit came organically, as fee-earner headcount remained unchanged (compared to an 8% fall last year).
The acquisition of a prized five-partner funds team from an ailing King & Wood Mallesons, led by heavyweight partner Michael Halford, put this Boston-based on the map in Europe in 2016. Add this to impressive growth in the US and you have a firm making very positive strides in the Global 100.
A watershed moment for the London office in 2016 was welcoming two high-profile hires: structured finance and capital markets partner Paul Severs from Berwin Leighton Paisner; and pre-eminent restructuring and debt finance partner David Ereira from Linklaters.
QUINN EMANUEL URQUHART & SULLIVAN
Richard East; Sue Prevezer QC
Last year’s US Law Firm of the Year has posted yet another impressive performance, with a 21% spike in its London revenue for 2016 reaching £44.8m, while London net profit sat at £32.8m. Quinn also welcomed five new City-based partners in 2016.
Sidley’s impressive recent run globally was capped by an audacious six-partner private equity team hire from fellow US heavyweight Kirkland & Ellis in London in 2016. The hires then led to Sidley Austin securing the corporate work of key Kirkland & Ellis client TowerBrook Capital Partners.
SULLIVAN & CROMWELL
This New York heavyweight has leveraged its reputation globally to be instructed on many of the London market’s most groundbreaking deals, including Alcatel‐Lucent on its acquisition by Nokia in an all-share transaction valued at €15.6bn and Bayer in its proposed all‐cash merger with Monsanto for $66bn.