Grabbing headlines in recent weeks, Paul Weiss has pursued an English law offering at breakneck speed, hiring some of the City’s biggest hitters. Here LB canvasses the reactions of industry peers to the Wall Street giant’s bold play.
‘The firm was keen to do something for a while and spoke to a lot of people in the market. But it needed a big name to lead it,’ commented one source with knowledge of the matter. And it is fair to say that Paul Weiss’ hire of debt superstar Neel Sachdev from Kirkland & Ellis has arguably been the most groundbreaking move the City has seen since buyout star David Higgins left Freshfields for Kirkland in 2017.