Legal Business

The blessed – unheralded, Wall Street’s elite comes roaring back

New York’s legal elite re-asserted themselves through 2014, reaping the benefits of a bountiful market for high-end work. Have they done enough to preserve their legacies?

On a crisp September morning, the sun shines brightly from the newly refurbished rooftop offices of Gibson, Dunn & Crutcher, 55 floors up on Park Avenue. There is no hustle on this terrace and time for a few photos of the stunning view. Even with the long trail of cars far below dividing the city, it is a calm place. The calm, of course, is utterly deceptive. 2014 was a breakthrough year for top Wall Street law firms. In the streets and offices in Midtown and Wall Street, the market is buzzing and no-one is benefiting more than the traditional legal lords of New York.