Legal Business

Taking Manhattan – can the Wall Street elite hold out in the age of the $5bn law firm?

As the banking crisis and collapse of Dewey fade from memory, a band of emerging giants continue their long-term push into the once impenetrable New York market. Legal Business asks if the Wall Street elite can hold out

January 2014 marked the 100th ‘birthday’ of ‘Mother Merrill’, the affectionate nickname given to New York finance house Merrill Lynch thanks to its reputation for training and taking care of its staff. That name had particular significance for Wall Street lawyers, in view of the avalanche of work the institution bestowed on its favoured local law firms.