On the face of it, things are going very well for US law firms in London. Last year, Cravath launched a London-based English law offering, Akin Gump’s London revenue jumped by 25% and Greenberg Traurig took on 15 new lawyers in London.
While London will continue to provide opportunities for US law firms – due to its position as a leading financial centre and its attractiveness for a global client base – acute disruptions are forcing leaders in US law firms to reconsider their international approach.
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