Sullivan & Cromwell has long been known for its measured approach to lateral recruitment. When the firm hired A&O Shearman’s global financial services regulatory co-head Barney Reynolds in June this year, he became only the third lateral partner hire in London since 2013 – an Olympic-style recruitment cycle of roughly one every four years.
The news earlier this month (1 September) that it is bringing in not one but two City heavyweights – Kirkland restructuring partner Kon Asimacopoulos and former Weil London head Mike Francies – to kickstart a reboot of its London office is therefore a significant shift.
