2014 found US firms in London gaining even more ground. Legal Business’ 13th annual Global London survey charts the key players and winning moves as leading firms make their breakthrough.
A line of taxis wait patiently along Old Broad Street as White & Case’s partners exit the office one after the other apologising for the delay. In January 2015, the firm ran up a £12,000 waiting charge from Addison Lee because partners failed to come out on time as they were overrun with work, mainly M&A deals. There’s no doubt it has been a dynamic start to the year for many global firms in London. And following a strong 2014, many firms expect this level of activity to continue.
Continue reading “Game Over – Global London firms make winning moves as US players secure their breakthrough”
With Akin Gump and Cooley securing multimillion-pound teams, a wave of new entrants to the City are re-writing the playbook for expansion in London. What is driving the new breed?
Sitting in the airport lounge at Fort Worth, Texas, flicking through magazines and eating stale sandwiches, 25 maintenance staff waited to board flights to London, Frankfurt and Hong Kong. While they were less than thrilled to be spending their weekends rewiring computers, moving desks and changing security codes for a bunch of lawyers thousands of miles from home, the woman who sent them was jubilant, having just pulled off the deal that would reposition her law firm as a genuine international player.
Continue reading “The Third Wave – high stakes City deals for Akin and Cooley highlight changing tactics”
Rising transactional activity has given European firms in the City renewed confidence but playing in London remains a tricky game.
In April 2014, Iberian leader Cuatrecasas Gonçalves Pereira moved into empty London office space rented out by its French ally Gide Loyrette Nouel as part of the development of the firms’ referral alliance established two years previously. Located in London’s financial district at 125 Old Broad Street, Cuatrecasas was the third European law firm to take up space in the building, moving to the 14th floor; the previous year Italian practice Chiomenti had moved in one floor above after leaving its former offices in Mayfair.
Continue reading “Game theories – many approaches as European firms tackle the City”