The top lawyers in Philadelphia, Ohio, and Atlanta revealed in latest Legal 500 US elite rankings

Legal 500 has launched its latest US elite rankings, recognising some of the top lawyers across key practice areas in the cities of Philadelphia and Atlanta and the state of Ohio.

The new rankings are the largest yet in the US elite project, with 309 lawyers ranked from 117 firms, including 109 firms that had not previously been ranked by Legal 500.

The US elite recognises the top lawyers at firms outside of the global elite, with the latest city rankings coming on the back of the launch of the New York, Chicago and Washington DC rankings in February and the Boston, Miami and Charlotte rankings in April, as well as the full Legal 500 US guide, which was published earlier this month.

The rankings cover eight practice areas in total: commercial disputes, corporate and M&A, and intellectual property in Philadelphia; commercial disputes, corporate and M&A, and finance and restructuring in Ohio; and commercial disputes and corporate and M&A in Atlanta.

Cleveland, Ohio-headquartered national firm Thompson Hine has the highest number of individual rankings, with 12; 11 in Ohio and one in Atlanta. Philadelphia-bred firms Blank Rome and Duane Morris are tied for second place, each with nine rankings.

A further three firms have more than seven individual rankings, with Smith, Gambrell & Russell the top performer in the Atlanta rankings.

Firms with most individual lawyer rankings

Firm Rankings Details
Thompson Hine 12 Ohio: commercial disputes (5), corporate and M&A (4), finance and restructuring (2); Atlanta: commercial disputes (1)
Blank Rome 9 Philadelphia: commercial disputes (2), corporate and M&A (3), IP (3); Ohio: commercial disputes (1)
Duane Morris 9 Philadelphia: commercial disputes (3), corporate and M&A (3), IP (3)
Keating Muething 8 Ohio: commercial disputes (3), corporate and M&A (3), finance and restructuring (2)
Ballard Spahr 7 Philadelphia: commercial disputes (3), corporate and M&A (3), IP (1)
Smith, Gambrell & Russell 7 Atlanta: commercial disputes (4), corporate and M&A (3)

Meanwhile, three firms have four or more top-tier individual rankings. Thompson Hine is in first place, with five rankings, tied with Philadelphia-based national firm Ballard Spahr.

The final top-performing firm for tier one rankings is Atlanta-based Krevolin & Horst, which has four lawyers ranked in tier one across the Atlanta rankings.

Firms with at least four tier 1 individual rankings

Firm Lawyer name Ranking
Ballard Spahr Stephen Kastenberg Philadelphia: commercial disputes
Jason Leckerman Philadelphia: commercial disputes
Brian Doerner Philadelphia: corporate and M&A
Gregory Seltzer Philadelphia: corporate and M&A
Lynn Rzonca Philadelphia: intellectual property
Thompson Hine Edward G. Babbitt Ohio: commercial disputes
Will Henry Ohio: corporate and M&A
Tony Kuhel Ohio: corporate and M&A
Louis F. Solimine Ohio: finance and restructuring
Curtis L. Tuggle Ohio: finance and restructuring
Krevolin & Horst Allegra Lawrence-Hardy Atlanta: commercial disputes
Joyce Gist Lewis Atlanta: commercial disputes
Lovita Tandy Atlanta: commercial disputes
Cristiane Wolfe Atlanta: corporate and M&A

Legal 500 is continuing to build out its US elite coverage, with rankings covering key markets from Austin, Dallas, and Houston to Minneapolis and Indianapolis. Check the US elite page to learn more.

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Freshfields’ Charles Hayes on emotional intelligence, Formula One deals, sheep and daring to press the button

I’ve always had a strong work ethic. My brother is severely mentally disabled and we were extremely close growing up. That experience gives me profound gratitude for the opportunities I’ve been given and, I like to think, deep responsibility to make the most of them. I think that’s where my drive comes from; in part, at least, a sense I was doing this for both of us.

I gain huge satisfaction from hard work because I know what I’m capable of. Rightly or wrongly, I’ve always believed I could be successful if I work harder than the next person. I’ve been lucky, but I hope I’ve created some luck too.

I never imagined I’d find myself here at Freshfields some 21 years later. I always thought I would do something entrepreneurial and commercial. At university in Edinburgh, a few of us set up a stocks & shares club with money from student loans, and from there developed a business plan for a student financial website – it was basically a precursor of a quasi-student wonga.com. I see now you can square that circle in law.

When I came back to university from my Erasmus year in Aix-Marseilles, I realised everyone else had been busy applying for training contracts while I had been preoccupied planning an overland trip from London to Nairobi for charity. I panicked because I hadn’t thought about what I wanted to do, beyond doing an internship at Lazard. The perceived wisdom at that time was that you qualified as a lawyer, did two years, then went and did something more interesting. Either I’ve never found anything more interesting due to a lack of imagination on my part, or the law just became more interesting for me.

I could well imagine myself in the toolbox company or multi-discipline world I envisaged growing up when it’s time for me to call it a day at Freshfields. I don’t imagine it will be any time soon, but I’d love to see myself doing something that my peers, colleagues and clients look at and go ‘that’s really cool’. Perhaps not as a lawyer; more like a COO or CEO for a spin-out from one of our clients. That’s why I really enjoy having a broad portfolio of interests outside the firm that allow me to use all the skillsets I’ve developed and learn some new ones I can deploy for our clients’ benefit.

I sometimes wonder if some partners hit the end of their law firm careers and think their skillsets will be transferable, but then find themselves frustrated because they’re not. I hope I’m sufficiently humble to have realised I’m not going to be relevant or interesting unless I have a diverse set of skills.

Right now, I’m a non-executive director of a firm in the creative industries, which I love doing, where I learn a tremendous amount from the chair and the executive. I’m also a member of a few philanthropic organisations and think tanks, like The Royal United Services Institute (RUSI), which deals with defence and security. These roles challenge me in different ways, and that’s the point.

I used to describe being a private equity lawyer as the ultimate backstage pass – you can get into any situation, any conversation or investment. Then I saw my byline published by a fantastic alumna who went to join one of our clients with the addition that they’d heard my line on this, and decided they’d rather just be in private equity itself. That was fabulously humbling, in a good way. I don’t use that phrase so much anymore.

I’ve always wanted the profession (and firms) to be ruthlessly meritocratic and straightforward. That’s always appealed to my sense of fairness. But, in order to have a ruthless meritocracy, people need to have the same opportunities and you need to look for raw talent. We are now much better at identifying and being open to talent in all its forms and bringing that through. It’s the right thing to do for us, our clients, the industry and our communities. I want to ensure that people get at least the same opportunity as I did to come into this career and feel comfortable within it too; that’s equally if not more important. There remain barriers and prejudices in areas you wouldn’t expect them to be in our industry. I’m extremely disappointed by that.

Somebody who has been instrumental to my career in many ways is Chris Bown [the founder of Freshfields’ private equity practice and now senior adviser at CVC], who has been a mentor to me the whole way through and remains so. What’s been so powerful about Chris’s interventions is that he is very permissioning, saying: why don’t you speak to them about this or that. Ask the question, why not?

I’ll never forget one of my first deals – helping Aston Martin with a capital raise. I’d never seen the factory. So I asked and a few of us went. Seeing the production line, the component parts and the client’s reaction to our interest in their business taught me an important lesson. Get out from behind your desk. Challenge your own assumptions.

Dare to ask the question – what happens if you press the infamous red button?

There are many career highs, but one of them was definitely getting the call from CVC on my first day as a partner to say: ‘we’re selling Formula One’ – the stars aligned that day. More recently, I was in the room when the bell was rung as CVC listed on Euronext. Watching the share price tick up and seeing the response from people in the room was hugely exhilarating after more than three years’ work on our part.

My low was writing an email to a client where I agreed with their view of a closing account figure, and then added that he also needed to consider X and Y. He ran with his number, and the transaction proceeded, but it was out by about £75m; at which point they said the number had been confirmed by Freshfields. It was really, really, really sweaty.

My learning was that I did that because I was too eager to please and didn’t want to be too direct. Over the years, I’ve tried to become more direct and straight with people. More honest. There’s a joke about what an English person says, what they mean and what’s heard, and those three things are always different. In law, clarity matters. With people, there’s huge benefit in just being straightforward.

When that mistake happened, the partner just said: ‘good luck with that’. I don’t think that would happen now. I think it’s great that the industry has evolved and become so much more supportive.

When I was starting out I was given huge quantities of rope, with which, in all honesty, I probably hanged myself on occasion. Lessons were learned the hard way. I do sometimes worry that we don’t give people enough opportunity to fail now; the opportunity to fully learn. If you don’t give people the opportunity to be allowed to fail, for it to be safe to fail and not failsafe, then I worry they won’t push themselves or test themselves.

I’m now intensely focused on supporting the next generation by creating an environment where people are inspired, encouraged to aspire, and are empowered to seize this amazing opportunity.

I don’t proactively seek out management roles, but I do like leadership. It’s an interesting distinction. There are lots of different types of leadership and leader. Sometimes you need to be the visionary leader, which is ‘this is the strategy, this is what we’re trying to achieve’. Sometimes you need to be the directive leader – ‘this is what we need to do and this is how we’re going to do it’. Sometimes you need to be the servant leader, which is ‘this is what I’m doing, and I would encourage you to do the same as me’, or ‘this is what I’m doing for you as a servant of the firm, please follow me or come with me’.

If I had just one piece of advice to my younger self it would be to calm down. In every capacity. And also, let things break sometimes. Let things go wrong. When I was a senior associate, the thought of something going wrong on my watch was literally world-ending, but I now realise you sometimes you need to let things go wrong. Partly because you need people to learn from that experience, and partly because out of the wreckage you can actually build something better. Let the train hit the buffers.

My tips for success would be to be inquisitive and be permissioning. We’re all very quick to typecast ourselves and say, ‘this is my lane’. But sometimes you need someone to hold a mirror up to you and say ‘you are no longer the person you were, and I give you permission to be the person you have become’. You need to be that person.

I’m an outdoors person. We live in Wiltshire, in the middle of nowhere. I love to get off the train and kick everything else away. My family is absolutely everything. We have four children, two dogs and 11 chickens; then there are about 1,300 sheep in the field next door. I can’t always be at the carol concert or at pick-up from school, but I make sure that when our children do have me they have my undivided attention. That we do something fun together.

You could say my hobby is farming. I’ve always been drawn to rare cattle breeds, but they make a terrible mess. There are often sheep in the next door field. I’ve delivered lambs, which is hard work but amazing. It’s not quite Clarkson’s Farm at home, but it’s not far off and it’s all the mayhem that goes with that. Which I love.

I’m quite practical. You have to be quite handy. I made my wife a table from a walnut tree that came down in my parents-in-law’s garden for her wedding present. It’s very simple, with a waxed finish suspended in a cradle made from oak.

How do I have the time? I work extremely hard during the week, but my weekends are non-negotiable unless it’s absolutely critical.

I will proactively dream up things that I’m going to do at the weekend to restore, refresh, and get perspective, because if you do this job seven days a week, you’ll go absolutely mad. Making toy boats with the children, messing about with a go-kart, refurbishing an old Land Rover, creating ‘rooms’ in the garden or delivering lambs is a little bit of a world away from what I do day-to-day. Just saying.

I hope I’ve developed a level of emotional intelligence that I’ve come to realise is especially valuable in our profession. If I have any particular strength in that area, I owe it to my brother who taught me what it is to communicate; to listen, to observe, and to understand in ways that have shaped who I am, both personally and professionally. And I consider that one of my greatest privileges.

Pride Perspectives: ‘We need more queer managing partners’

Patrick McCann, former Linklaters director of learning and incoming CEO of the City of London Law Society, on being outed at work and why the legal community should stand by their trans and non-binary colleagues.

How easy did you find it to come out professionally? And what were the biggest barriers you had to overcome before you felt ready to come out at work?

I was out and proud in my last year at university. I ended up running the LGBT society, which turned out to be super-successful. I was advised by the brilliant Dean of Law to go back into the closet, so I did. Or I did in as much as ever I could.

A fellow trainee (a nasty fellow, who had been at the same uni) then outed me, I think in an attempt to derail my career, but it was essentially fine, although at least two of my bosses were uncomfortable with my queerness. My boyfriend at the time was diagnosed with AIDS and that was not something I cared to share.

The barriers to my coming out had to do with the perceived discomfort those in positions of influence may feel, and the harm that it would do to my progression. There was some truth in that.

What motivated you to actively use your voice to advocate for LGBTQ+ voices in the legal sector through initiatives you’ve been involved in, including The LLP [The LGBTQ+ Lawyers’ Programme, which was named LGBTQ+: Initiative of the Year at the Legal 500 UK ESG Awards]?

I’ve always been relatively active when I see things that don’t seem right – even at school. I try to better things. Therapy has recently revealed that the main driver for this is that the generation of gay men just ahead of me were decimated by AIDS. I saw many die – and I feel the need to honour them by being successful and helping others to be successful.

I am particularly interested in people getting into the profession and have had some wins in the field of social mobility, social welfare and LGBT work. I’m not sure why any of us are here, if not to help others.

Now I’ve become sufficiently aged – and financially solvent – I can be more outspoken about things. Most days someone contacts me privately to say that I am helping, and so I keep going. I believe LGBTQ+ people have a skillset, often hidden, gained by life experience, which can make them brilliant contributors.

How much obligation do you feel to be a role model within the industry? How helpful are role models in pushing change?

I feel some responsibility but mainly I do it because I think it’s the right thing to do – ethically, societally, mentally – and I am seeing some great, positive change through what people are doing. That in itself is a great reward and means I want to do more. I am a big believer in having role models – I can name a dozen without much effort who have inspired me. If I can do that for someone else, happy days.

What does the legal sector need to do better in order to include people from the LGBTQ+ community and provide support?

Actively reach out to recruit (I founded DiversCity, City Century and Queer City Law Career very much with this in mind). Bring queer people into work, be interested in us, promote us (especially into C-suite roles where we are noticeably absent) and support queer charities and the like.

In work, mentoring programmes and development programmes like The LLP help. Stay ahead of legal developments, reach out to impacted colleagues (trans and non-binary people in particular), enjoy difference, stay visible in your support.

What is the single biggest challenge still facing the LGBTQ+ community in City law? How can it be addressed?

Progression. I think we’re doing well in convincing emerging queer entrants to count themselves into our sector rather than out of it, and we see us do well up to the mid-levels, but we are less apparent in the senior ranks. In the 40 years I have been in and around London law, I have only seen a handful of queer managing partners. We need more Justin D’Agostinos and Clare Fieldings!

The LGBTQIA+ legal types I know are impactful, passionate, creative, empathetic, driven, personable – they have clear leadership qualities. I assess the legal scene to have some reticence about giving the really big jobs to us (although thank you to the City of London Law Society for taking me on).

The other massive challenge at the moment is the treatment of trans people – the impact I see on them from the current political and legal standpoint is devastating. The legal community could do much more to protect them.

For more, see ‘We’re all nervous right now’ – how a subdued Pride month got caught in the DEI backlash

More Pride Perspectives:

Clare Fielding: ‘I’m a reluctant activist – as a managing partner I have to be conscious of inclusion for everyone’

Daniel Winterfeldt: ‘We’ve helped move the UK legal sector from nowhere to a leader for LGBTQ+ inclusion’

Emma Woolcott: ‘We need a plurality of perspectives around the table when decisions are made’

Cai Cherry: ‘It’s easy to think something isn’t your problem – but equality is all of our problem’

Trading places: Latham picks up M&A star in rare Wachtell departure

Latham & Watkins has made a major addition to its M&A practice in New York with the hire of Wachtell partner Zach Podolsky (pictured), marking a rare corporate exit from the elite Wall Street firm.

Podolsky is following his former Wachtell colleague John Sobolewski, who moved to Latham in February, joining as global head of liability management and vice chair of capital markets.

According to data provider MergerLinks, Podolsky was the second most active M&A partner in the US in 2024, leading on seven deals with a total value of almost $70bn. These included co-leading the teams advising ConocoPhillips on its $22.5bn acquisition of Marathon Oil (opposite Kirkland & Ellis), and Diamondback Energy on its $26bn acquisition of Endeavor Energy Partners (opposite Paul Weiss and Vinson & Elkins).

Latham chair Rich Trobman said in a statement: ‘We are focused on serving the needs of our deep and growing client base of public companies as they navigate an increasingly complex and competitive landscape, and Zach’s track record of managing sophisticated transactions further enhances our position as one of the world’s elite M&A firms.’

Elsewhere, Paul Hastings has continued its ambitious energy and infrastructure buildout with the hire of partner Christopher Richardson in Houston. Richardson spent the last year as chief executive and board member at climate technology company 8 Rivers Capital. Before that he spent six years at White & Case, including as head of the energy and infrastructure projects section for the Americas.

Richardson is the eighth energy and infrastructure partner Paul Hastings has recruited since April, following a series of hires from White & Case across Europe and the Middle East.

In the latest instance of partners departing firms to have done deals with US President Donald Trump, Cooley has picked up seven litigation partners from Willkie’s San Francisco office, including office managing partners Benedict Hur and Simona Agnolucci.

The other partners making the move are Joshua Anderson, Tiffany Lin, Jonathan Patchen, Michael Rome and Eduardo Santacana.

Willkie is one of a number of firms to have agreed a deal with Trump, pledging pro bono work for causes the administration supports in exchange for protection from punitive action against the firm.

The group’s move is further evidence of a pattern of litigators leaving firms that have done deals with Trump, including Cadwalader, where litigator Ellen Holloman has left the firm’s New York office for Kaplan Martin, the litigation boutique established in July 2024 by trial lawyer Roberta Kaplan.

Kaplan is well-known for her lead role on the landmark same-sex marriage case United States v Windsor, as well as representing columnist E. Jean Carroll in her defamation suit against Trump.

Holloman spent nearly eight years at Cadwalader as a partner, and her departure follows the exits of white-collar partners Phara Guberman and Kenneth Breen for Foley & Lardner last month.

Akin has made two hires from Mayer Brown in Chicago, bringing over M&A partner Joshua La Vigne and investment management partner Jessica Pan. Pan was a counsel at Mayer Brown, while La Vigne made partner there in January 2024.

The hires come just over a month after Akin brought over Mayer Brown global private funds and investment management practice co-lead Wendy Dodson Gallegos and infrastructure M&A partner Jason Wagenmaker, also in Chicago.

Finally, Fenwick & West has hired partner Jim Hauser into its executive compensation and employee benefits practice in Boston. Hauser joins from Silicon Valley-headquartered firm Gunderson Dettmer, where he spent ten years as a partner, including as co-head of the Boston executive compensation practice.

His hire sees Fenwick expand the Boston office it launched in April with its hire of IP partners Matthew Pavao, Heidi Erlacher and Chen Chen from Cooley.

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Shoosmiths pays out £3.5m in bonuses as firm breaks £1m PEP barrier for first time

Shoosmiths has broken through the £1m partner profits mark for the first time, with the firm paying out £3.5m in bonuses on the back of revenues rising to a new high.

Revenues increased by 5% to £217.2m during 2024-25, up from last year’s total of £206.7m, marking 10 years of consecutive growth for the national firm. 

Profit per equity partner, meanwhile jumped by 30% to £780,000 to just over £1m – the first time the firm has surpassed the million-pound milestone – on the back of a 16% increase in profits from £66m to £76.6m.

The firm has now seen PEP surge by 48% over the last two years, up from £676,000 in 2022-23.

In recognition of the strong performance, 1,300 staff members will receive a 5% salary bonus next month, meaning the firm has awarded around £3.5m from its bonus pool this year.

That bonus pool will be increased by a further £1m should staff hit a target of one million Microsoft Copilot prompts by the end of the 2025-26 financial year – a goal that will be reached if each member of staff uses the AI tool four times per day, according to the firm.

CEO David Jackson hailed what he described as an ‘amazing financial performance’.

‘We’ve been super clear about where we think we can add most value to our clients, and as a result they’ve trusted us with more of their business-critical work in those areas,’ he said.

Key recent mandates for the firm have included advising global construction chemicals company FOSROC on its $1.25bn sale to Saint-Gobain, acting for Hipgnosis Songs Fund on its $1.6bn takeover by Blackstone, and assisting Jaguar Land Rover on its £800m digital transformation programme with Tata Consultancy Services.

Shoosmiths also announced plans to downsize its offices in Nottingham and Milton Keynes, with staff in the two offices switching to smaller premises and a flexible working model as part of a cost-cutting drive.

The firm has pulled out of less profitable and non-core areas of work in recent years, divesting its business-to-business recoveries division last year and transferring its private client and family businesses to Rothley Law in 2023.

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Revolving Doors: Baker McKenzie picks up leading Latham funds partner as A&O Shearman departures continue

Baker McKenzie has hired investment funds partner Nick Benson into its London office from Latham & Watkins. A Legal 500 leading partner for private funds, Benson spent more than a decade at Latham after joining from Weil in 2014, and has expertise advising a wide range of clients on issues across fund formation and operations.

Global funds group co-chairs Laurent Fessmann and Karl Egbert said in a joint statement: ‘Nick Benson is a fantastic addition to our private funds formation global practice and to our transactional practice group at large. We are all thrilled to collaborate with him. His impressive experience advising sponsors and investors in the private equity fund and secondaries space will enhance our ability to meet our clients’ increasing needs for support with their complex, cross-border matters.’

Benson’s departure is the latest in a series of exits from Latham’s City office in the last year, with nine partners moving to Sidley Austin alone, including finance co-chair Tania Bedi in January and corporate co-chair David Stewart in April.

Baker McKenzie has also hired restructuring partner Kevin Heverin from A&O Shearman in London – another firm that has faced a notable number of exits in recent years, with financial services regulatory heavyweight Barnabas Reynolds leaving for Sullivan & Cromwell earlier this week.

Heverin joined then-Shearman & Sterling as a counsel in 2021 and made partner there in 2023. He brings experience in a range of cross-border and cross-sector restructurings, workouts, and debt financings. His role at Baker McKenzie will see him split his time between London and the Middle East.

Newly merged Herbert Smith Freehills Kramer has hired Alison Hardy to lead its London real estate disputes practice. A Legal 500 leading partner for property litigation, Hardy joins from Ashurst, where she spent seven years as a partner and headed the firm’s real estate disputes practice.

Greenberg Traurig has hired Chris Buck as a shareholder in its London private equity practice. Buck joins from European private investment firm Spheres, where he was general counsel and head of operations. He was previously a senior associate at Goodwin.

The firm has also built its employment benches with the hires of EY Law national employment law head Virginia Allen in London and Watson Farley & Williams partner Giuseppe Bulgarini d’Elci and his three-lawyer team in Milan. Allen joins as Greenberg’s UK employment practice head.

Irwin Mitchell has acquired immigration boutique Carter Thomas, bringing over a private client immigration team across Sheffield, London, Newcastle, and Manchester, including name partner and Legal 500 immigration Hall of Famer Nichola Carter, who established Carter Thomas in 2013 after leaving Penningtons Manches Cooper, where she was head of immigration.

Elsewhere, Osborne Clarke has picked up former A&O Shearman corporate partner Richard Porter. Previously a partner at legacy Shearman & Sterling in London, Porter moved to A&O Shearman’s Singapore office in May 2024 and left the firm in March. He joins Osborne Clarke as a partner in London.

DAC Beachcroft’s London disease team lead Barbara Goddard has left the firm for Clyde & Co, while Forsters has hired Shoosmiths partner Noel Ainsworth to establish a real estate funds practice.

Also expanding its real estate offering is Taylor Wessing, which has hired Winckworth Sherwood litigation and property dispute resolution head and Legal 500 property litigation leading partner Emma Chadwick as head of real estate disputes.

Squire Patton Boggs has hired construction disputes counsel Ciaran Williams from Vinson & Elkins as a partner in London, while Winston & Strawn has brought Cooley special counsel Yulia Makarova into its financial innovation and regulation practice as a partner.

Elsewhere, investment funds partner Carolyn Abram has left Morgan Lewis for Gibson Dunn in Dubai, Simmons & Simmons Singapore dispute resolution lead Mohammed Reza has moved to join local Withers affiliate Withers KattarWong, and EMEA life sciences co-head Frédéric Chevallier has left HSF Kramer for McDermott Will & Emery in Paris.

Finally in Sydney,  White & Case has hired IT and IP partner Nicholas Boyle from Bird & Bird, and Squire Patton Boggs has hired TikTok APAC and emerging markets product privacy lead Tanvi Mehta Krensel as a partner. Mehta Krensel spent just under two years at TikTok after leaving Allens as a managing associate in 2023.

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Browne Jacobson’s double-digit streak continues as firm hits new records for revenue and laterals

Browne Jacobson has posted its fourth consecutive year of double-digit growth, with revenues rising to a new record high of £137m.

The 16% hike from last year’s figure of £118m comes on the back of a run of similar increases in recent years, and means the firm has now seen revenue grow by 69% since 2020.

‘It has been a fantastic year,’ managing partner Richard Medd (pictured above) told LB. ‘The great thing is that it has been across all of our geographies, and the majority of our sectors. It sets us up really well for future growth and success.’

Medd, who has been managing partner at the firm since 2020, attributed the growth to the success of the firm’s strategy of ‘working with clients across the public and private sectors who are at the forefront of society’s biggest challenges’.

Last year Medd told LB that the firm wanted to be known as more than just ‘the public sector firm’, and while work for private sector clients is the area where the firm saw the most growth this year – with roles on deals such as Modella Capital’s acquisition of WHSmith’s high street retail divisionhe also pointed to notable growth across education, health and life sciences.

He added that work coming from panels is becoming ‘an increasingly significant part’ of the firm’s business, with recent wins including an appointment to the panel of Serco Group for its UK and European business.

As well as the revenue growth, the firm made 13 lateral partner hires in the last financial year – a firm record.  These include commercial and technology partners Rowan Armstrong and Alex Mason, who joined as part of a five-strong team from EY Law last May, and corporate partners Christian Farrow, Phil Pugh and Tom Saunderson, who joined the firm’s Cardiff office from Acuity Law.

Medd expects the figure of 13 to be broken again this year, with recruitment expected in the firm’s life sciences practice, described as ‘an area of key expansion’.

Andy Stephens, the firm’s chief financial officer, highlighted that alongside the partner hires, the firm added 286 new starters last year across its seven offices in the UK and Ireland. While the firm does not disclose profit per equity partner, Stephens added that he expected the firm’s profitability figures to ‘put a smile on his face’ when released after being fully audited.

The firm is also investing in tech, with Medd confirming pilots of CoCounsel, Legora, Harvey, Curvestone, and others. The firm’s longstanding commitment to social mobility – something Medd says is ‘hugely important to the firm’s people and clients’ – was also reaffirmed last year when it topped the 2024 Social Mobility Employer Index.

While not naming revenue targets, Medd is bullish for the firm’s future and said he sees ‘no reason’ why the firm’s four consecutive years of double-digit organic growth cannot continue.

‘In a world driven by growth through consolidation, acquisitions, mergers and private equity, that’s not our path. We’re building a loyal client base – deliberately and sustainably.’

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Trio of international firms hike salaries for newly-qualified lawyers

Ashurst, CMS and DLA Piper have all hiked pay for newly qualified (NQ) lawyers as the battle for junior talent continues to rage.

Ashurst has increased its NQ salary to £140,000, with DLA bumping rates up to £130,000 and CMS to £120,000.

Ashurst’s pay boost represents a 12% increase from the previous rate of £125,000. The increase means Ashurst’s NQ salary has risen by more than 60% in the last five years

In the process, Ashurst has leapfrogged Norton Rose Fulbright and Herbert Smith Freehills Kramer, both of which pay £135,000.

At £140,000, it is on par with Baker McKenzie, Hogan Lovells and Macfarlanes. Alongside Macfarlanes, Ashurst is now the highest paying UK firm outside of the Magic Circle, whose members all pay a rate of £150,000.

DLA’s increase to £130,000 represents an 18% increase from the previous rate of £110,000. The firm has also increased NQ pay by 9.3% to £82,000 in the firm’s six UK offices outside of London.

DLA UK managing partner Andrew Dyson said the increase reflects ‘a significant investment into our people in the UK.’

Elsewhere, CMS’s 9% hike to £120,000 equates to a £10,000 increase from its previous NQ rate of £110,000 and puts the firm level with Travers Smith and Simmons & Simmons.

Like DLA, the international firm has also increased its regional pay rates; NQs in Bristol now receive £76,500, and in Manchester, Sheffield, Liverpool, Edinburgh, Glasgow and Aberdeen the base rate has risen to £68,000.

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More than just size: the Global London firms making the best impression on clients

The Legal Business Global London ranking – which ranks the fifty biggest non-UK firms by their London headcount – is largely made up of the biggest firms in the world, with 90% of those fifty also featuring among the Global 100 revenue rankings.

But while revenue and headcount tell one side of the story, there are of course many other criteria that clients care about when choosing a law firm.

And so for an alternative perspective, Legal Business delved into the data gathered during the Legal 500 research to reveal which of the Global London firms score best for client service – based solely on the views of their London referees.

The data is compiled via responses from clients canvassed during the rankings research, when they are asked to rate the firms they instruct on 10 core client service metrics (the full list is at the bottom of this article), using a sliding scale of 0-100. Those responses are then averaged to give an overall score for each firm.

To ensure a representative comparison between firms, we’ve broken down the Global London group into three groups – those with 200+ lawyers in London, those with 50-200, and those with fewer than 50. The below charts provide a snapshot of the five top-scoring firms for each metric.

Skadden scores highest among firms with 200 or more lawyers in London for lawyer/team quality, which is compiled from client scores for three sub-criteria: quality of partners, quality of associates, and partner availability/engagement. The firm held onto its tenth-place spot in this year’s Global London table, with lawyer headcount up almost 12% to 254.

Joint-second place was shared between Weil, Sidley Austin, and Simpson Thacher, just ahead of Latham & Watkins in fifth.

Latham, however, is the highest scoring firm for sector/industry knowledge, which covers two sub-criteria: sector knowledge and sector profile. The firm, which sits top of the Global London ranking for the fourth consecutive year with 594 lawyers, is also one of only two firms to to rank in the top five for all three core criteria – lawyers and team quality; sector and industry knowledge; and value, billing and efficiency – alongside Sidley.

For value: billing and efficiency, which takes into account resourcing, billing transparency, value for money, communication and efficiency, White & Case is the highest-scoring 200+ lawyer firm, just ahead of Sidley and Latham.

Moving into the second bracket of firms by size, Sullivan & Cromwell is the top scoring firm for lawyer/team quality among those with 50-200 lawyers in London. It slipped two places to 38th in the Global London ranking this year, with lawyer numbers down over 6% to 88, although partner count increased 20% to 18.

In second place for lawyers/team quality is WilmerHale – the only firm with 50-200 lawyers to appear in the top five on all three core metrics.

In the 50-200 bracket, Ropes & Gray scores highest for sector/industry knowledge, just ahead of Debevoise & Plimpton. While many firms in this mid-bracket saw year-on-year declines in headcount, Debevoise saw both lawyer and partner numbers rise, up 10% and 25% respectively.

Morrison Foerster scored highest for value: billing and efficiency, and was also third for lawyer/team quality.

Full list of client service criteria

Lawyers/team quality
Quality of partners
Quality of associates
Partner availability and engagement

Value: billing and efficiency
Appropriate resourcing
Billing: transparency
Billing: value for work done
Communication and case management
Efficiency in delivering the legal product

Sector and industry knowledge
Industry/commercial knowledge of the sector
Profile in the sector

For more on value: billing and efficiency, see our feature on the best-performing UK-headquartered firms in the Global 100.

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All of the scores in this article are compiled from referee responses collected during Legal 500 research. If you would like to know more, please contact [email protected] – we welcome all feedback on our data and what insights you would like to see.

Sullivan & Cromwell makes rare London lateral with hire of high-profile A&O Shearman partner

A&O Shearman global financial services regulatory co-head and financial institutions sector lead Barnabas Reynolds has left the firm to join Sullivan & Cromwell, in an extremely rare lateral hire for the US firm in London.

Reynolds, who is a Legal 500 Hall of Famer for non-contentious financial services, was one of the most high-profile partners at legacy Shearman & Sterling, where he headed up the firm’s global financial services practice. He took a similar practice leadership role when his firm merged with Allen & Overy last year.

He is known as a proponent of the benefits of Brexit, and in recent years has built a profile as a policy expert and commentator on the opportunities arising from the UK’s split from the European Union.

In a statement, Sullivan co-chairs Robert Giuffra and Scott Miller said: ‘We’re delighted that Barney is joining our firm. Barney is a leader in advising financial institutions in UK and EU regulatory and transactional matters. His addition will strengthen our preeminent financial services group by providing our clients access to the foremost experts on both sides of the Atlantic. We have long represented many of the world’s top financial institutions, and Barney’s addition will allow us to provide full-service advice to our clients around the globe, including from London, which remains a key growth priority for our firm.’

In contrast to many of its US peers, Sullivan very rarely makes lateral hires in London. In the last decade, it has hired only two other partners – former Shearman corporate partner Jeremy Kutner in 2018, and A&O private equity partner Karan Dinamani in 2023.

And partner exits have been just as rare as hires. However, earlier this year the firm saw two departures, with Gibson Dunn picking up European credit and leveraged finance practice head Presley Warner and European restructuring practice head Chris Howard.

Reynolds added: ‘Sullivan is known around the world for its premier financial institutions lawyers and practice. I’m honoured to become part of a global team that is the best in the business.’

A&O Shearman has seen a steady stream of departures since the merger of the two firms was announced in May 2023, with Legal Business research at the start of 2025 finding than more than 100 legacy A&O and Shearman & Sterling partners had left or retired since that date.

In September, the firm announced plans to cut 10% of its partnership by the end of the 2024-25 financial year, but departures have continued into the new financial year, including the news last month that digital infrastructure partner Tom Levine and restructuring partner Nick Charlwood would be joining Paul Weiss’s fast-growing London office.

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Slaughters and DLA lead as Poundland seals discount sale

Slaughter and May and DLA Piper have taken lead roles on the cut-price sale of Poundland to retail-focused private equity firm Gordon Brothers.

Pepco Group, which has owned Poundland since 2016, yesterday (12 June) confirmed it had accepted a ‘nominal’ fee – widely reported to be around £1 – for the discount chain, which operates over 800 stores across the UK and Ireland.

Poundland has experienced a sharp decline in sales, prompting Pepco to write down €775m (£660m), primarily relating to goodwill, on its FY24 balance sheet.

A Slaughters team led by restructuring partner Ian Johnson and corporate partner Alex Dustan led the team advising Pepco, alongside finance partner Susan Hughes, restructuring partner Tim Newey,  IP and tech partner Laura Houston and tax partner Gareth Miles. The Slaughters team worked closely with the Pepco legal team led by GC and company secretary Ned Staple.

DLA Piper advised Gordon Brothers on the transaction. The team was led by restructuring partner Rob Russell, supported by finance partners Jonathan Richards, Joseph Frew, Sarah Letson and Gavin Smith; real estate partner Andrew Walker; IP and tech partners David Booth and Satnam Sahota; and tax partner David Smith.

Commenting on the transaction, Russell said: ‘We are delighted to have played a role in the renewal of Poundland; a cornerstone retailer on the UK high street. I have no doubt that the business has a bright future under the stewardship of our valued client, Gordon Brothers.’

Gordon Brothers confirmed it had provided ‘up to £80m to support the management team’s proposed restructuring and turnaround plan for the British discount retailer’.

Both firms have longstanding relationships with the respective clients.

DLA’s Russell also led the team that advised Gordon Brothers on the sale of Laura Ashley to New York-based brand management company Marquee Brands in January this year. On that occasion, he was supported by Manchester-based corporate partner Jonathan Watkins and Massachusetts-based corporate partner Adam Ghander. Greenberg Traurig advised Marquee.

Meanwhile, a Slaughters team led by corporate partner Richard Smith advised Pepco on its 2021 IPO on the Warsaw Stock Exchange.

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‘A step into uber-entrepreneurial territory’ – Gateley’s CEO reflects on a decade as a listed law firm

‘We’ve always been an entrepreneurial firm, but listing was a step into uber-entrepreneurial territory,’ says Gateley CEO Rod Waldie of the firm’s decision to become the first UK law firm to float in 2015.

Earlier this month (8 June), Gateley passed a significant milestone: 10 years since listing on London’s Alternative Investment Market (AIM).

When the firm floated on 8 June 2015, it had revenue of £60.9m and a market capitalisation of £100m. A recent trading update stated an expected growth rate of 4% for the 2024-25 financial year – up from last year’s £172.5m to ‘not less than’ £179m, meaning the firm’s revenue will have grown by nearly 200% over the last decade. 

And this growth in revenue has come alongside a significant increase in headcount, driven, in part, by the 14 acquisitions the firm has made since (see list below).

At the time of its IPO, the firm had 154 partners and 380 lawyers. Now, it has 183 partners and 630 total lawyers; not to mention an additional 387 non-lawyer fee earners – meaning almost 40% of its 1,017 fee-earners come from the consultancy side of its business.

Given the mixed outcomes for firms that have listed in the years since Gateley, this growth is not to be sniffed at.

‘That’s a hell of an achievement,’ says Ian Rosenblatt, founder and senior partner of Rosenblatt Law, which emerged from the ashes of failed listed parent RBG Holdings. ‘They must have excellent management who are able to deal with the endless jack-in-the-boxes that pop up.’

So what drove Gateley’s decision to list? Waldie (pictured right) says it stemmed from the firm’s strategic board (with former senior partner Michael Ward and London corporate head Nick Smith credited with spearheading the strategy) wanting to do something that would set Gateley apart from its peers and help it climb the revenue rankings from its then position of 48th in the LB100.

‘We were looking at how we go through the next tier, up to around 25th. We looked at the competitors between 50 and 25 – it’s a very crowded legal services market and a lot of the firms looked fairly similar. We wanted to differentiate Gateley in some way, make ourselves look different, and therefore potentially make ourselves look more compelling, both internally and externally.’

He adds that the listing was viewed as the best way to implement the identified ‘D, D and I’ strategy: ‘differentiate through diversification, along with a different way of incentivising our people.’

Waldie, who led the firm’s property team at the time of listing and replaced Michael Ward as CEO in May 2020, says the board wanted to broaden equity beyond a ‘small number of senior people’ and says it was ‘wonderful’ that on the day of the IPO everyone at Gateley, regardless of their role, received shares. 

The impact of the diversification is similarly clear. Only two of the £56.83m-worth of acquisitions the firm has made since listing have been pure law firms – the 2018 acquisition of Surrey-based GCL Solicitors and the 2020 addition of Tweed Legal in Belfast.

The rest have seen Gateley branch into work including IP protection, chartered surveying and leadership development. The firm also launched a collective action practice (Austen Hays) last year, having recruited Slater and Gordon’s head of collective actions, Chaya Hanoomanjee, in 2023 to lead it.

Indeed, Gateley’s most recent half-year financials show organic revenue from non-legal work growing significantly faster than legal work, with consulting now bringing in around 30% of revenues.

And the firm isn’t done yet. As Waldie comments: ‘The adjacencies have broadened for us in every context, and we’ll continue to keep an eye on opportunities in spaces we find strategically interesting.’

Waldie says he hopes to see more law firms join Gateley on the market and points to IPOs as a possible exit for PE firms, who have been ratcheting up their interest in the legal sector in recent years.

Whether this happens may depend on how his fellow listed firms fare. Of the five firms that have followed Gateley onto the market, Ince Group and RBG Holdings entered administration amid a wave of recriminations, while DWF was taken private by Inflexion in 2023. That leaves Gateley, Knights, and Keystone Law as the survivors. All of those three firms are growing and looking robust, but it is fair to say that IPOs are not proving that popular for firms right now.

Keystone founder and CEO James Knight is honest about shift to law firms being able to list. ‘It’s no secret that it has not been an outstanding success,’ he says, adding that Mishcon de Reya’s costly abandonment of its listing plans in January 2022 was the ‘final nail in the coffin’ for law firm flotations in the immediate future.

Amish Bakhai, managing director at investment bank DC Advisory,  is another sceptic: ‘The trend we’ve seen – not just in legal or accounting services, but across the board – is that there’s now a huge amount of private capital available, from a variety of sources, such that there often isn’t a strong reason to list the business on public markets.’

In contrast, Freeths corporate partner Jeremy Swift, who led on the April flotation of accountancy firm MHA for a market capitalisation of approximately £271m, believes the listing demonstrates that the door hasn’t completely slammed shut for law and professional services firms.

‘There is clearly a demand for high-quality professional service businesses amongst the investment community. I can see room for high-quality law firms to list in London, though I suspect that they will need to be different to those currently on the market.’

Access to external capital is often cited as a primary reason for law firms to list, but Waldie is keen to emphasise that for Gateley, the driving force was the need to corporatise: ‘The LLP model doesn’t lend itself particularly well to acquisitions – the listed structure gave us all of the levers we felt we needed.’

The firm does however have a recently agreed £80m revolving credit facility with Bank of Scotland, HSBC, Barclays and NatWest, with an uncommitted £20m ‘accordion’ option. While the facility provides a buffer against market volatility, it will also be ‘pointed at acquisitions’, according to Waldie.

Some of the money will also be available for lateral team hires, in the vein of the six-lawyer corporate team Gateley recruited from Clyde & Co led by partners Nora Al Muhamad and Darren Harris in March this year as part of what Waldie refers to as a ‘reboot’ of the firm’s Dubai operations.

Waldie describes the hires as a ‘big investment and a clear intention of our intention to grow in Dubai.’

He is quick to clarify, however, that Gateley is not out to plant flags across the globe: ‘What I don’t see in the foreseeable future are lots of Gateley bricks and mortar offices popping up in lots of different jurisdictions.’

Despite the modest rise of 4% in the most recent financials. Waldie’s ambitions remain high: ‘the medium-term target is to grow revenue both organically and through complementary acquisitions to at least £250m.’

And the burning question, with the benefit of hindsight: would he have still recommended listing back in 2015? The answer is a resounding yes: ‘I’m firmly of the view that we couldn’t have achieved what we’ve achieved absent the listing.’

Gateley’s post-listing acquisition: a timeline

2016
April: Tax incentives specialist Acquires Capitus – £2.72m
September: Property consultancy Hamer Associates – £2.05m

2018
April: Human capital Kiddy & Partners – £3m
May: Residential law specialists GCL Solicitors – £4.15m
November: Inward investment consultancy International Investment Services

2019
September: Acquires land referencing consultancy Persona Associates – £250,000
December: t-three, a leadership development consultancy – £3.4m

2020
March: Reputation and media boutique Tweed Law – £2m
March: Corporate advisory and built environment consultancy The Vinden Partnership – £6.75m

2021
July: Chartered quantity surveyors Tozer Gallagher – £700,000

2022
January: Adamson Jones, a patent and trade mark legal practice – £2.5m
April: Smithers Purslow, a multi-disciplinary surveying firm – £20m
October: Symbiosis IP, a patent attorney firm focused on life sciences – £2.5m

2023
July: Chartered surveyors RJA Consultants – £6m

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Linklaters, DLA Piper and Cuatrecasas lawyers among new roster of Europe’s sustainability legal leaders

Partners from firms including Linklaters, DLA Piper and Cuatrecasas have been recognised as Green Ambassadors in Legal 500‘s inaugural roster of the lawyers championing the green transition across Europe.

The guide, which follows the launch of our UK Green Ambassadors guide last year, has been compiled by research into the most impressive sustainability-focused lawyers across continental Europe, from Germany, France and Benelux to Iberia, Ireland and the Nordics.

The 170-plus lawyers – who all stand out for their green credentials and wider sustainability engagement – include 13 from Linklaters and 12 from DLA Piper, while other well-represented firms include Spain’s Cuatrecasas and Benelux leaders Loyens & Loeff and AKD. Germany is the most strongly represented country, with 25, followed by France, the Netherlands and Denmark.

The names in the list include some of the most senior and well-respected figures across the continent, including Cuatrecasas sustainability head Elisabeth de Nadal, DLA Germany ESG head Ludger Giesberts, Loyens ESG co-chair Vanessa Marquette and Linklaters Germany environmental and planning head Markus Appel.

The full list, including profiles of the individuals featured, can be found here: Green Ambassadors Europe 2025, and to find out more about featuring in our future Green Ambassadors research, you can access all submissions information here.

Latham, Kirkland and Simpson Thacher come out on top in new Legal 500 US rankings

Legal 500 has launched its 2025 US research, with Latham & Watkins, Kirkland & Ellis and Simpson Thacher emerging as the firms with the most tier 1 rankings in our definitive research into the best performing firms in the world’s largest legal market.

The latest rankings shows that over 340 firms have won rankings for their work across more than 120 different practice areas -an increase of nearly 4% on last year’s research. In total the latest research includes more than 3,500 unique rankings.

Top five firms by tier 1 ranking

Firm T1 rankings Change year-on-year
Latham & Watkins 59 +3
Kirkland & Ellis 31 +2
Simpson Thacher 24 +2
Cleary Gottlieb 21
Davis Polk 18 +1

Latham tops the table for tier one rankings by a significant distance, with its three additional rankings taking the firm to 59 T1 rankings, ahead of second-placed Kirkland, which has 31 top-tier rankings. Latham’s new top tier rankings were in general commercial disputes, capital markets advice to underwriters, and a brand new commercial lending ranking covering advice to direct lenders/private credit. Kirkland, meanwhile, added new tier-1 rankings in securitization and patent litigation (International Trade Commission).

Simpson Thacher gained two additional top tier rankings to hold onto third place, while Cleary remained in fourth with 21 rankings. Davis Polk is new in the top five after securing one additional T1 ranking to take it to 18. The firm has replaced Gibson Dunn, which went from 19 top-tier rankings last year to 17 this year, after the rankings for climate change litigation and congressional investigations were discontinued.

A total of 16 firms had 10 or more tier-1 rankings, down from 18 last year.

Top five firms by total rankings

Firm Total rankings Change year-on-year
Latham & Watkins 78 +3
DLA Piper 70 +5
Mayer Brown 69 -1
Morgan Lewis 67
Kirkland & Ellis 64 +1

Looking at total rankings brings other firms into the top five. While Latham also came first for total rankings with 78, DLA Piper comes in second, after climbing two spots thanks to the addition of five new rankings, taking its tally to 70. The increase nudges Mayer Brown into third place, down one ranking to 69.

Morgan Lewis features in fourth place with 67 rankings, while Kirkland rounds out the top five, up one ranking to a total of 64.

T1 and T2 firms for private credit

Tier Firm
Tier 1 Davis Polk
Latham & Watkins
Milbank
Tier 2 Paul Hastings
Paul Weiss
Proskauer
Simpson Thacher
Skadden
White & Case

The US rankings also include a new category, recognising firms and lawyers for their expertise in private credit for the first time. The commercial lending: advice to direct lenders/private credit table features 29 firms across five tiers, with Davis Polk, Latham, and Milbank in tier 1, and a further six firms in tier 2.

The new ranking reflects the growing importance of private credit, which has gone from a multibillion-dollar to a trillion-dollar market over the last decade, becoming increasingly central to a range of legal work.

A total of 18 lawyers are also individually recognised in the private credit ranking, with four from Latham, three from Milbank, and two apiece from Davis Polk (both partners) and Winston & Strawn (both associates).

Five lawyers are ranked in the private client Hall of Fame: global hybrid capital practice head Stelios Saffos and global banking practice vice chair Alfred Xue and chair Daniel Seale from Latham, Davis Polk finance partner Nicholas Palumbo, and Proskauer global finance practice co-head Justin Breen.

Firms with most individual ranked lawyers for private credit

Firm Individual rankings Details
Latham & Watkins 4 Hall of Fame (3); leading partners (1)
Milbank 3 Leading partners (3)
Davis Polk 2 Hall of Fame (1); leading partners (1)
Winston & Strawn 2 Leading associates (2)

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Merger round-up: national duo discuss £100m tie-up as two more deals get over the line

Consolidation in the UK legal industry is continuing apace, with news of three combinations announced in recent days, including a potential national tie-up which could create a new £100m firm.

That proposed combination involves South East firm Cripps and South West firm Michelmores, who have entered ‘preliminary’ discussions over a merger that would create a 400-lawyer firm spanning six locations across southern England.

Cripps, which has offices in Tunbridge Wells, London and Horsham posted revenue of £47.2m and PEP of £328,600 for 2023-24, while Michelmores, which a presence in Bristol, Cheltenham, Exeter and London, saw revenue rise to a new record of £50m – up 16% from the previous year.

Cripps has gone through a number of other mergers in recent years, and was briefly known as Cripps Pemberton Greenish following its 2018 combination with Pemberton Greenish; it also merged with Horsham’s PDT Solicitors in 2023. It has 15 tier 1 rankings in the Legal 500 and 29 rankings in total.

Michelmores, meanwhile, which is headquartered in Exeter, has nine Legal 500 tier 1 rankings and 31 rankings in total. The firm also has an almost equal gender split of partners – 51% male to 49% female.

A spokesperson for Cripps confirmed ‘initial discussions’, adding: ‘These conversations are preliminary and are focused on whether, by combining two strong and successful businesses in the south, we can create more opportunities for our clients, our people, and the communities we serve. Discussions are at a very early stage, and no decisions have been made.’

In a statement, Michelmores managing partner Tim Richards stressed that the talks ‘remain in their very early stages’, adding: ‘Cripps is a forward-thinking firm with a strong culture aligned to our own. Any future decisions will be centred around our joint potential to strengthen our client offering and to provide an exciting, alternative and modern law firm for talent.’

Elsewhere, national firm Foot Anstey has expanded into Northern Ireland via a combination with Belfast’s McKees, which as of yesterday (9 June) is now called Foot Anstey McKees.

Foot Anstey, which is headquartered in Exeter but has nine offices across the UK, saw revenues rise 14% to £67m last year, with revenue growth of 43% over the past five years. The firm has 254 lawyers and 48 partners, with the McKees deal marking the firm’s first step outside of England.

McKees, which is ranked by Legal 500 for dispute resolution and banking and finance, has five partners, two legal directors and seven associates, according to its website. In a statement, the firms said that real estate and corporate services are particular areas of joint strength.

Martin Hirst, managing partner at Foot Anstey (pictured above right alongside McKees managing director Chris Ross), hailed the tie-up: ‘Today marks the beginning of an exciting chapter in Foot Anstey’s story as we cement our growth into a truly national firm. Northern Ireland provides a critical gateway to European markets, and the combination will offer significant opportunity to existing and new clients alike.’

Finally, Irwin Mitchell has acquired boutique immigration firm Carter Thomas in a move that strengthens its private client immigration offering.

Irwin Mitchell, which passed the £300m revenue mark in 2024, has also been expanding regionally, adding offices in Brighton, Nottingham, Cardiff and Liverpool in recent years. The tie-up means that the firm now has immigration specialists working in Sheffield, London, Newcastle and Manchester.

Carter Thomas was founded in 2013 and is ranked in tier 2 by Legal 500 for London immigration. Nichola Carter, the firm’s co-founder, who has joined Irwin Mitchell as a partner, said her team would benefit from Irwin Mitchell’s size and experience: ‘Joining Irwin Mitchell gives us access to a full suite of legal services, enabling us to support our clients even more comprehensively. We’re excited to be part of such a forward-thinking and dynamic team.’

Mandeep Khroud, head of immigration at Irwin Mitchell added: ‘This is a fantastic addition to our team. Our new colleagues bring excellent expertise and deep sector specialisms that perfectly complement our existing strengths. Together, we’re establishing ourselves as a powerhouse in UK immigration law.’

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Trading places: Paul Weiss loses more partners as Paul Hastings hires A&O Shearman PE duo

Three more litigation partners have left Paul Weiss for Dunn Isaacson Rhee, the Washington DC boutique recently established by four former litigators from the Wall Street firm.

The trio includes Rush Atkinson, who joined Paul Weiss as a partner last February after more than 12 years in the Justice Department, most recently as associate deputy attorney general, and junior partners Kyle Smith and Melissa Zappala, who both previously worked together at Boies Schiller Flexner before joining Paul Weiss in 2020.

Atkinson’s work at DOJ included time as a prosecutor on special counsel Robert Mueller’s investigation into Russian interference in the 2016 presidential election, where he worked alongside Jeannie Rhee, who left Paul Weiss last month alongside litigation department co-chair Karen Dunn and Boies Schiller alums William Isaacson and Jessica Phillips to establish Dunn Isaacson Rhee.

Separately, Paul Weiss has also seen the exit of Damian Williams, the former US attorney for the Southern District of New York (SDNY), who has left to join Jenner & Block after less than six months at the firm.

Williams served as US attorney for SDNY from 2021 to 2024, during which time he brought high-profile cases against individuals including FTX founder Sam Bankman-Fried and then-US senator Bob Menendez.

At Jenner, he will co-chair the litigation department and the investigations, compliance, and defence practice.

The raft of departures from Paul Weiss come after its deal with the Trump administration, which saw it discard its diversity, equity, and inclusion (DEI) programmes and pledge $40m in pro bono work in return for the rescission of an executive order issued against it.

Jenner, however, has pushed back against a similar executive, and late last month a US judge struck down the order, ruing that it was ‘an unconstitutional abuse of power’.

In a statement, Williams said: ‘Jenner & Block fearlessly advocates for its clients and provides outstanding strategic counsel through their most difficult challenges. I’ve seen firsthand how this firm expertly tackles the toughest cases and lives its values. I’m excited to join a team with an extraordinary depth of legal talent that doesn’t shy away from hard fights—and delivers results that matter.’

Other recent senior departures from Paul Weiss include litigator Jeh Johnson, who served as Secretary of Homeland Security in President Barack Obama’s second term, and pro bono practice head Steven Banks. Both are retiring; Johnson will now serve as co-chair of the board of trustees at Columbia University.

In other major US moves, Paul Hastings has hired private equity partners Christopher Zochowski and Bradley Noojin from A&O Shearman. Both partners joined the Washington DC office of legacy Shearman & Sterling in 2021 from Winston & Strawn, where Zochowski was M&A co-chair.

At A&O Shearman, Zochowski served as US co-head of private equity and private equity sector lead for the US.

Paul Hastings chair Frank Lopez said in a statement: ‘Chris and Brad further strengthen our already strong global private equity offering, particularly in the upper middle market, where we see significant growth opportunities given the fragmented market.’

Zochowski added: ‘Paul Hastings boasts a preeminent private equity practice with an impressive roster of leading PE clients to match.’

As revealed by Legal Business this January, more than 100 partners have left both legacy A&O and Shearman since the merger was announced in May 2023. Many of these departures came from the firm’s finance practices – a core area of specialism for legacy A&O – and the firm has seen further exits since, including the April departure of London structured finance duo Franz Ranero and James Smallwood to Latham.

Meanwhile, Herbert Smith Freehills Kramer has brought in its first new partners as a merged firm following the 1 June merger of Herbert Smith Freehills and Kramer Levin, with restructuring partners Kyle Ortiz and Brian Shaughnessy joining from New York bankruptcy boutique Togut Segal & Segal.

Finally, Simpson Thacher and Mayer Brown have both added partners to their ranks in New York, bringing in as Weil M&A counsel Iliana Karaoglan and Cadwalader CLO counsel Joanna Suna respectively.

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White & Case boosts City private equity practice with hire of Ropes Hall of Famer

Helen Croke

White & Case has ramped up its private equity capabilities in London with the hire of leading partner Helen Croke from Ropes & Gray.

A Legal 500 Hall of Famer for high-value PE transactions, Croke has been at Ropes since 2016, and has longstanding relationships with PE clients including Bridgepoint and Intermediate Capital Group (ICG).

She moved to the US firm after making partner at Travers Smith in 2008, and has extensive experience of advising a range of institutional investors on UK and international PE transactions. Earlier this year she led the firm’s team advising ICG and Law Business Research (LBR) on the merger of LBR with ALM, the owners of law.com.

White & Case chair Heather McDevitt said in a statement: ‘Private equity is a strategic priority for White & Case and in London, the world’s second largest private equity market, Helen is an important addition to our strong team.’

Other key names in the London PE team at White & Case include Lucy Bullock, the regional section head for EMEA M&A and PE, as well as Richard Jones and Ross Allardice.

Global PE industry group co-head Thierry Bosly described Croke as ‘a recognised a leader in the UK private equity market.’

Other notable recent hires for White & Case in London include former A&O global corporate practice co-head Richard Browne, who joined in February, and secondaries-focused partner Alexandra Chauvin, who also joined from Ropes last summer.

However, the firm has seen a number of recent departures, with energy and infrastructure partners George Kazakov and Din Eshanov leaving to become co-heads of Paul Hastings’ London, Paris, and Abu Dhabi energy and infrastructure practice, as well as finance and capital markets partner Kevin Ng, who left for Mayer Brown last month.

Firm vice chair Oliver Brettle said in a statement: ‘Our record financial performance in 2024, when revenue exceeded $3bn for the first time, was in part driven by a strong private equity market and a standout performance by our global private equity industry group.’

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‘Full-service firms all say the same thing – but we’ve been opportunistic’ – John Quinn on AI, funding and suing banks

I actually considered joining the navy. I went down to the recruiter’s office in Claremont, California, the college town where I was living. This was when the Sixth Fleet of the US Navy was based in Piraeus. I was infatuated with all things Greek, and I was very keen to get to Greece. I told them if they could promise me I’d be based in Athens, I’d join. But they couldn’t guarantee that, so that’s as far as that got. There were a lot of lawyers in my family, so I always had it in the back of my head that law might be an option.

I always thought I’d like to be a litigator. When I was at Cravath in New York, they really needed corporate associates, so they talked me into it. I found that a very valuable experience. But I had a young child, and I didn’t really understand how people raised families in New York. Obviously they do, but that’s not what I was used to; I’m from Utah – wide open spaces and mountains. And I’d enjoyed my time in Los Angeles, where I had gone to college. So after two and a half years I moved back there to join a very small firm that has long since disappeared, with a Cravath alumnus, a guy named Bob Baker, who I’d been told was a really good lawyer.

After two or three months, Bob said, ‘Why don’t you and I start our own firm?’ At that point I was three years out of law school. We set up a firm called Baker & Quinn. It didn’t really work out. Although Bob was an outstanding lawyer, he wasn’t much of a marketer. And I was three years out of law school, and new in LA – I didn’t know anybody! We didn’t have enough work.

We developed a relationship with a smaller firm in Midtown New York, and when our firm didn’t work out I opened an office for them in LA. Over the course of a couple years I built that up, but it turned out the home office in New York didn’t generate much work for us. It was develop work, or starve – so we built a practice. It got to the point where there was no economic justification for the linkage with the firm in New York, and, on 1 January 1986, four of us left and started the firm that is now known as Quinn Emanuel.

‘People said to us, “You should open an office in London, because English gentlemen won’t sue banks”’

We never had the goal of trying to establish an international multi-office firm. That’s a different proposition altogether. It’s very different to set up a four-lawyer office in Los Angeles that’s prepared to take on anything to keep the wolf from the door. I’m sure you can establish that kind of startup firm. There’s plenty of room for it in the marketplace, if you’re prepared to work really, really hard, to do good work, and to be relatively inexpensive, which was our recipe at the time.

Why isn’t there another global litigation-only firm that’s been as successful as us? It’s a mystery to me. It’s always kind of astounded me. For us, it’s been such an obviously good business model.

The challenge all the full-service firms face is, how do they distinguish themselves? They all offer basically the same practice areas, and their message to the marketplace has to be, ‘We can do this, we can do that, we can do all of it, and we’re great at all of it.’ They’re all saying the same thing. In that type of market, it’s very hard to distinguish yourself. Whereas our message has always been very clear: ‘We only do one thing, and we’re the best at that.’ We’ve always been opportunistic. We didn’t have any preconceptions of what a law firm should look like.

If you’re a full-service firm, you can’t afford to be adverse to certain type of clients. We decided over 20 years ago that we wouldn’t represent any of the world’s major money centre banks. None of the major full-service firms would take cases adverse to those institutions, because they have transactional departments that very much want to do deals for those clients. Those firms are not in a million years going to sue the Goldman Sachs of the world. If you had a claim against one of those institutions, you often had a hard time finding a firm that had the expertise, the skill, the depth and the horsepower to take on the case. We made a deliberate decision to meet that need.

We were adverse to all those banks after 2008. We recovered over $50bn, and developed a lot of credibility. That was the genesis of our opening in London. People said to us, ‘You should open an office in London, because English gentlemen won’t sue banks.’

After we’d heard that a few times, Bill Urquhart, who has now sadly passed away, said that we should maybe look into that. And so we made trips over here, walking the streets of London. We thought: ‘This isn’t going to be hard. They speak English, they use common law, they use words like trial and disclosure.’ We thought, in our innocence, that we understood the marketplace. It took me a couple of years to realise I really didn’t have a clue. The legal culture is so different. We had the great good fortune to recruit Richard East and Sue Prevezer, then QC, now KC. And they built the office into the success it is today.

‘Amazon would hire us in a heartbeat if they could, they’d love to conflict us out. But you reach a fork in the road and you have to decide’

In our business, you need adversaries. We represent Google, Qualcomm, NVIDIA, Salesforce, and Samsung. We’re adverse to Apple, Amazon, Microsoft, and Facebook. Those are some pretty good adversaries. There are a lot of people who are unhappy with those folks. It’s a business decision – Amazon would hire us in a heartbeat if they could, they’d love to conflict us out. But you reach a fork in the road and you have to decide.

We did some work for Apple many years ago – we were engaged by a special committee of the board to run an investigation into backdating stock options. We delivered a report that basically exonerated Steve Jobs, and the folks at Apple said nice things about us. But at the same time, even as the investigation was going on, we were being approached by people asking whether we would take a case that’s adverse to Apple. By the time the investigation wound up, we had to make a decision, and we decided to be adverse to them.

Private ownership and investment in law firms is inevitable. There’s just too much revenue to be made. The opportunity is too good. The US has been slower than the UK and Australia in loosening the rules to enable that. But what we see in Arizona [non-lawyers being allowed to own law firms] is inevitable, and the Utah legislature is considering similar reforms. There’s no good reason why you shouldn’t have private investment in legal practices.

‘The full-service firms all say the same thing. Our message has always been very clear – we only do one thing, and we’re the best at that’

While litigation funding has been around for a long time now, and has sort of come into the mainstream, it’s still a relatively inefficient marketplace. The funders are more sophisticated than the law firms are, or even, God forbid, the clients, when it comes to understanding how to price those cases. It always amazes me how much demand there is. You can talk to any kind of fund – private equity, bond funds, you name it – they want to talk about litigation funding. It surprises me, because I feel I just don’t see that many great cases. But there must be a reason all that money is chasing claims. Part of the appeal is that asset managers are always looking for investments that are uncorrelated to the business cycle. And the track record, by and large, is pretty good.

The degree to which AI will make associates obsolete is vastly exaggerated. It’s going to have an impact one day, but I don’t even see the beginnings of that impact on the fundamental structure of firms. We’ve known for a decade that AI is better than diagnostic radiologists at reading film, X-rays, CT scans, MRIs. We’re still graduating radiologists – AI has just made them more efficient. They do a better job and they do it cheaper. The same thing will be true of law firms. There’s so much inertia. There’s too much economic reason for the status quo.

The firm is an unfinished project. It’s not about what you’ve done in the past. We’re still moving. We’re very focused on the Middle East and Southeast Asia, in particular Singapore. The world is a big place, and there are always new legal issues. Whatever laurels we have, there’s no place for resting on them.

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Revolving Doors: Ex-PM David Cameron joins DLA while Simpson Thacher, Pinsents and Bakers make lateral moves

Former Prime Minister Lord David Cameron has joined DLA Piper as a consultant, becoming the latest politician to take up a role in law.

Cameron, who stepped down as Prime Minister in 2016 after six years in office, will ‘provide guidance on the various geographies in which DLA operates, including on the issue of geopolitical risk’, according to the firm.

He is one of a number of high-profile politicians to have taken up roles at DLA, with Labour peer Lord David Blunkett last year appointed as an adviser on public policy and internal understanding of government and policy development, while in the US, former Republican senators Saxby Chambliss and Richard Burr are members of the firm’s regulatory government affairs practice.

Cameron, who spent a brief period as foreign secretary from during 2023 and 2024, has also taken advisory roles at private equity firm Finback Investment Partners, freight payments business PayCargo and hedge fund Caxton Associates. He is also a visiting professor at New York University Abu Dhabi.

He is not the only former foreign secretary to branch into law. Lord William Hague, who served as foreign secretary from 2010 to 2014, chairs Linklaters’ international advisory group, while other prominent politicians in law include former Justice secretary David Gauke, now head of public policy at Macfarlanes.

‘Lord Cameron’s unique background makes him well suited to advise the firm on the ever-evolving global landscape,’ said Frank Ryan, DLA Piper’s global co-chair. Global co-CEO Charles Severs added: ‘Lord Cameron’s vast experience in global leadership and policy-making will be a tremendous asset to our leadership team.’

Elsewhere, Simpson Thacher & Bartlett has become the latest US firm to add a secondaries partner in London, hiring Joanne Mak from Kirkland & Ellis.

Mak has joined after seven years at Kirkland and will work alongside secondaries partners Ed Ford and Sacha Gofton-Salmond, both of whom joined from Travers Smith in 2023.

The secondaries market has seen a flurry of activity in recent years. Among the moves, Simon Saitowitz joined Weil from Ropes & Gray in April, Proskauer added Skadden counsel Delphine Jaugey as a partner in March, while Alexandra Chauvin made the move to White & Case, also from Ropes & Gray, in July last year. 

Meanwhile, Pinsent Masons has raided Deloitte Legal for three IP partners – Rachael Barber, Jeremy Harris and Paul Garland – and IP director Richard Reeve-Young. Garland, who was global head of IP and technology at Deloitte Legal, has more than 20 years’ experience in advising technology clients on strategic IP management.

All three partners had previously worked together at boutique technology firm Kemp Little, becoming part of Deloitte Legal when the boutique was acquired in 2020. In leaving, they join a long list of former Kemp Little partners to jump ship from Deloitte, including fintech partners Chris Hill, who left for Fox Williams in February 2024, and Jake Ghanty, who left for Wedlake Bell in November 2023, before departing just nine months later.

Tom Nener, the co-head of Pinsents’ lP practice, hailed the hires, saying: ‘Having Paul, Rachael, Jeremy and Richard join our IP team in London represents a significant expansion of our IP practice, particularly in the brand protection and technology space.’

Meanwhile, LB understand that Blackstone has hired White & Case private equity counsel Joshua Alexander-Passe as head of legal for private equity transactions in Europe, a move first reported by Financial News.

It marks a return to a private equity firm for Alexander-Passe, who joined White & Case in early 2024 following a three-year stint at Providence Equity Partners, including as European legal counsel. He has also spent time at Freshfields and Weil.

Baker McKenzie has hired James Wyatt as a partner in its energy and infrastructure team in London. Wyatt has moved after two years at K&L Gates. He had previously spent time at Slaughter and May, Linklaters and four years at the now-defunct boutique Avonhurst. He has experience advising on project development, project finance, construction, and M&A.

TLT has hired DWF commercial real estate lawyer Neal Bhattacharyya as a partner in its London office. Bhattacharyya has joined after three years at DWF and had previously spent seven years as an associate at Hogan Lovells.

Finally, Shoosmiths has tapped corporate associate Wei Wu from Dentons’ London office. The trilingual, dual-qualified lawyer has joined as a partner following just under 10 years at Dentons.

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Kennedys sees revenue soar as new management set sights on nearly doubling income to $1bn

Kennedys has posted a 13% increase in revenue to £428m for the last financial year, as the firm’s new management team set out ambitious plans to  nearly double fee income by 2030.

The increase marks an eleventh consecutive year of growth for the insurance and disputes focused firm and means that it has trebled revenue since its 2017 merger with US firm Carroll McNulty & Kull (CMK), even though this year’s growth rate is slightly down on the previous year’s 17% hike.

The US was a key driver of last year’s increase, with fee income up by 22% year-on-year to just over a quarter of firmwide revenues at £109.3m. Comparatively, EMEA revenue climbed 14% to £37.5m, Asia-Pacific grew by 11% to £59.9m, while Latin America, which represents 3% of revenue, soared by 27% to £12.8m.

The firm’s largest base, the UK, saw turnover climb by a healthy 9% to £209.2m.

‘The growth has been tremendous, and we’re very proud of it’, said Meg Catalano (pictured), who last November became Kennedy’s first global managing partner based outside of the UK.

But the firm is not resting on its laurels.

‘Our ambition on revenue is to hit a billion dollars in the next five years’, said John Bruce (pictured below), who was elected as senior partner last December and stepped into the role in January this year, succeeding long-time head Nick Thomas.

To hit that target, which equates to around £740m, Kennedys would need to maintain a compound annual growth rate of just under 13% for each of the next five years, taking turnover up just over 80% on its current marker.

‘We anticipate that much of that growth will come from North America and Australia’, said Bruce, who added that while the firm has no set target for US revenue, the region could well make up closer to 35% of Kennedys’ business by 2030.

Kennedys now has 12 US offices, after opening in Fort Lauderdale last January and in Los Angeles and Seattle in September. ‘There are always more states we could open in’, said Bruce. ‘But at the moment we’re happy with the footprint that we’ve got. Our focus is on building the offices, in particular our offices on the West Coast.’

He added that: ‘Texas would be another area of likely growth’, pointing to the firm’s offices in Austin, acquired in the CMK merger, and Houston, which opened in 2022.

Commenting on the firm’s plans in Australia, where it has offices in Sydney, Melbourne and Brisbane, Bruce said: ‘We don’t have as big a share of the [insurance] market in Australia as we do in the UK, so we can see further expansion there.’

Catalano said growth was being driven by the firm’s global clients seeking advice in regions outside the UK, with the pair ushering in a renewed focus on expanding existing client relationships across different offices and practices.

‘My taking the role of global managing partner, as someone from outside the UK, was a reflection of our strategy and vision’, said Catalano. ‘We’re not just a UK firm any more.’

‘We’ve seen an explosion of additional need from our clients in these regions, so our growth is a natural response to those needs, as well as a targeted approach to zeroing in on what we are doing and doing more of it.’

Bruce added: ‘We’re not closed to mergers, but we have some amazing client relationships and they want us to work with them in other countries, so I’m confident we can hit our target through that kind of growth.’

The pair point to litigation and arbitration and corporate and commercial work as key focuses for future growth.

On the disputes side, notable matters handled over the last year include representing reinsurers in the multibillion-dollar Russian aircraft litigation, as well as acting on claims in both the UK and Australia arising from the collapse of Greensill Capital.

Meanwhile, on the corporate side, Bruce said that Kennedys had recently been appointed to the corporate and commercial panel of one leading insurer.

As part of the push to extend existing relationships, the pair have created a new client development committee to help manage relationships better.

The new strategy is not limited purely to practice and geographic expansion though. With former senior partner Thomas leading Kennedys for 27 years, Bruce and Catalano are keen to embrace change and new voices. Embedding AI and innovation is a key plank of the new strategy, as is empowering the next generation of firm leaders.

In addition to the new client relationship programme, the pair have also added new roles such as the new UK managing partner position now held by London-based arbitrator and commercial litigator Ben Aram, who also co-heads the firm’s corporate and commercial division, as well as adding new partners to the exec, such as Sheffield managing partner Helen Snowball.

Catalano said: ‘All firms are going to be grappling with change over the next few years and we need to make sure we have the expertise we need; not just today, but in five years’ time.’

‘We’re making a real effort to involve more people and have more diverse people in leadership,’ added Bruce. ‘It’s a deliberate effort to ensure that the next generation of leaders is ready to step up. It’s important to get fresh ideas.’

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