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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Harbottle pushes financials to new heights with revenue and PEP growth

Harbottle & Lewis has posted its best-ever financial results, with both revenue and profit per equity partner (PEP) rising to new heights.

The firm saw turnover rise by 3.7% during the 2024-25 financial year to reach £53.8m, up from last year’s £51.9m. PEP, meanwhile, rose 2% to £756,000 from the 2023-24 figure of £741,000.

The performance means the London firm has now enjoyed a 31.5% increase in revenue over the past five years, up from the figure of £40.9m posted in 2020. Over the same period, PEP has risen more modestly, increasing by just over 5% from £718,000.

Perhaps best known for its private client work and media and entertainment practices, Harbottle bolstered its partnership during the financial year with the hire of private client disputes partner and Legal 500 Hall of Famer for contentious trusts and probate, Charles Lloyd, who joined this March after over two decades at Macfarlanes. He joined alongside information litigator and reputation management specialist partner Michael Yates, who arrived from Taylor Wessing.

The West End firm also promoted three lawyers to its partnership in April: entertainment specialist Harry Bresslaw; corporate lawyer Ed Lane, who specialises in the creative industries; and private client, tax and wealth structuring adviser Alasdair Wilson.

Hailing the results, co-managing parent Charles Leveque (pictured above) said: ‘We are very pleased with how the firm has performed over the last financial year, reflected in these strong results which underscore the strength of the relationships we have built with our clients and the trust they continue to have in us.’

These results mark the firm’s first full 12-month financial year since becoming one of a number of firms to change its year end to align with the tax year, following recent HMRC reforms.

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Travers Smith makes up nine new partners in largest promotions round since 2022

Travers Smith has announced its 2025 partner promotions with nine lawyers making the cut, a notable increase from last year when six lawyers were made up.

The firm’s tax and financial services & markets practices have each seen two additions, with the other promotions shared between finance; funds; technology & commercial transactions; corporate M&A and ECM; and private equity and financial sponsors.

The total of nine is above average for the firm – in the last five years, Travers has only bettered the number in 2022 when a firm record 11 lawyers were made up.

Two women are among the cohort, equating to 22% – the lowest female percentage in at least five years, and a long chalk from 2017 when the firm announced an all-female partner promotion round.

It’s worth noting, however, that Travers has made notable strides on gender equality within the partnership. Women now account for more than 30% of the partners, around double the 15% seen a decade ago.

Travers has been active in the recruitment market of late, adding restructuring and insolvency partner Mandip Englund from Fried Frank; private equity partner Jeremy Dennison, who rejoined the firm following a seven-year stint as GC of Livingbridge; infrastructure finance partner Ryan Ayrton from Watson Farley & Williams, and experienced funds lawyer John Daghlian, who joined as a senior consultant having left Akin in 2023.

It has not been all one-way traffic, however, with funds partner Joel Grossmark leaving to join CVC as a managing director after less than a year at the firm.

Managing partner Edmund Reed said the promotions are evidence of the firm’s plan ‘to invest in strategic areas which we believe are key to the firm’s continuing success’.

‘Each of our new partners will develop our offering in those areas to help deliver exceptional service to our clients,’ he added, ‘I look forward to watching their successful careers develop as partners.’

Other recent developments for Travers include the opening of a competition-focused office in Brussels in March this year, a move that coincided with the shuttering of its Paris base.

Travers partner promotions in full

  • James Barnard, financial services & markets
  • Adam Burk, finance
  • Jaryd Davidson, private equity & financial sponsors
  • Elissavet Grout, tax
  • Nick Glynn, financial services & markets
  • Tom Margesson, tax
  • Michael O’Brien Kelly, funds
  • Richard Offord, technology & commercial transactions
  • Ella Sharpley, corporate M&A and ECM

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Trading places: 13-partner Kirkland team hire and senior Paul Weiss defections among latest major US moves

Kirkland & Ellis has hired a 13-partner US litigation team from King & Spalding, as the near-$9bn powerhouse continues to expand into mass tort work in the States.

The team, which will join the firm’s offices across New York, Austin, Houston and Los Angeles, includes Legal 500 toxic tort leading partner Kristen Fournier and fellow specialists Morty Dubin and John Ewald in New York, as well as pharmaceuticals and medical devices leading partner Kim Bueno in Austin.

The hires are part of a concerted push by the firm to ramp up its litigation practice, and come on the back of the hire of a five-partner Skadden team led by Philadelphia partner Allison Brown this January, a move which saw the firm open a new office in the city.

The other partners making the move from King & Spalding include four others in New York – Shaila Rahman Diwan, who chaired the pharmaceutical and medical device litigation team, Matthew Bush, Kevin Hynes and Michael Vives, as well as Christopher Cowan in Austin and the LA-based Julia Romano, who is followed in the move by counsel Matt Ashby, who is joining as a partner.

Two of the other partners are currently located in Tennessee – Amy Pepke in Memphis and Tara Blake in Nashville – however, Legal Business understands that Kirkland has no plans to open an office in the state.

More junior lawyers are set to follow the partners to Kirkland, with a spokesperson telling LB that the firm expected ‘close to 30 King & Spalding lawyers’ to make the move in total.

Bueno, Cowan, Blake and Pepke all previously worked together at Mississippi-headquartered firm Butler Snow, joining King & Spalding in 2020.

Chicago-based litigation partner and executive committee member Andrew Kassof told Legal Business: ‘Product liability and mass tort litigation has long been one of Kirkland’s strengths and areas of focus. We’ve handled some of the most important matters in this space, from high-stakes personal injury trials to sprawling multidistrict litigation cases involving thousands of claims. Adding more superstars like Alli Brown, Kristen Fournier and their teams was truly about adding strength to strength.’

Elsewhere, Paul Weiss has seen four of its litigation partners leave its Washington DC office to launch a new litigation boutique, Dunn Isaacson Rhee. The departures include litigation department co-chair Karen Dunn, her fellow Boies Schiller Flexner alums William Isaacson and Jessica Phillips, and Jeannie Rhee, who headed the firm’s DC office. Both Dunn and Isaacson are tier 1-ranked Legal 500 leading trial lawyers.

In a LinkedIn post, Dunn said that the boutique would specialise in high-stakes trials, investigations and crisis management.

In addition to their work for corporate clients, many of the departing litigators have experience in political matters. Rhee served two stints at the Justice Department in 2009-11 and 2017-19, and worked as a prosecutor in special counsel Robert Mueller’s investigation into Russian interference int he 2016 US presidential election.

Meanwhile, Dunn helped to prepare Democratic presidential candidates Barack Obama, Hillary Clinton, and Kamala Harris for debates in the 2012, 2016 and 2024 campaigns respectively.

The departures come after Paul Weiss became the first law firm to strike a deal with the Trump administration, discarding its diversity, equity, and inclusion policies and providing $40m in pro bono legal services to causes the administration supports in return for the rescission of an executive order issued against it.

The firm said in a statement: ‘Paul Weiss is grateful to Bill, Jeannie, Jessica and Karen for their many contributions. We wish them well in all their future endeavors.’

Finally, Simpson Thacher has hired project finance partner Fern Han from White & Case into its Houston office. Han spent more than 14 years at the firm, and made partner there in 2022.

White & Case has seen several departures in energy and infrastructure since partners George Kazakov and Din Eshanov left for Paul Hastings in March, with a three-partner team led by Katie Hicks moving to Milbank in April.

Simpson Thacher has also hired Jana Hymowitz, who made partner at Cravath in 2024, into its executive compensation and employee benefits practice in New York.

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Methodology: how we select Green Ambassadors

Our Legal 500 Green Ambassadors are private practice lawyers of various specialisms who lead client work which supports decarbonisation and the green transition. Featured lawyers demonstrate a particular green focus in their work and stand out for their wider sustainability engagement. As coordinators of internal departments and operations, legal or industry-focused thought leaders, and influencers within leading bodies and networks, Green Ambassadors are committed to promoting sustainability through and beyond their practice.

We continue to appreciate that the hallmark of an exceptional sustainability lawyer is in their client work, so this takes primacy in our research. Featured lawyers will demonstrate above all their leadership on client work which supports decarbonisation, the green transition, and sustainability objectives.

This is not just a guide for renewables or ESG lawyers. Lawyers irrespective of legal or sector focus have been named as Green Ambassadors – where they diverge on traditional expertise, they unite in their ongoing and acute focus on sustainability. Work for all types of client is welcome: public or private; start-up or large-cap; and at any stage of their familiarity with sustainable development. What is relevant above all is that the work advances green causes or solidifies sustainability best practice.

What sets Green Ambassadors apart from our individual rankings is that featured lawyers are acclaimed for their sustainability expertise both in client work and beyond. Featured lawyers will demonstrate in their submission an active thought leadership presence – as standout voices in academic, legal, or sector-focused speaking and writing posts – and/or a deep sustainability engagement – whether as key figures in the firm’s decarbonisation journey or as leading players in industry or public-sector committees and taskforces. While client work remains of prime importance, these factors constitute a significant part of our research. These suggestions serve only as common examples we see within submissions and we welcome information on further exceptional thought leadership and sustainability engagement.

To better reflect how sustainability work is being pioneered within the legal sector, the focus of our research is no longer on the quality and commitment demonstrated by a firm within its client work, thought leadership, and sustainability programmes. Our research is directed toward the work and engagement of an individual lawyer within their national context demonstrated within the submission and we ask that submissions only present information relevant to the lawyer nominated.

We look forward to receiving your submissions and seeing how the green ambassadors within the legal sector continue to set the standard on sustainability. Please reach out to [email protected] if you have any questions!

Contributors

Anna Baubock, Harry Hyde

Revolving Doors: Dechert signs up Orrick finance team while Reed Smith adds KC to financial crime practice

Dechert has hired a four-lawyer team from Orrick into its global finance practice in London, the firm announced today (Monday 2 June). The team includes partners Sushila Nayak, who is dual-qualified in New York and England and Wales, and structured credit specialist James Jirtle. Nayak joins as a leader of Dechert’s London-based CLO team, and will work closely with Aaron Scott, who joined the firm in a vertical move from Paul Hastings in April 2023.

The firm has also lost two partners, with international capital markets team lead Patrick Lyons and capital markets partner Jennifer Rees leaving for the London corporate practice at Baker Botts. Lyons is ranked by the Legal 500 as a leading partner for emerging markets, while Rees is a next-generation partner for both emerging markets and debt capital markets.

Reed Smith has hired Cohen & Gresser London head of criminal defence and investigations Richard Kovalevsky KC as a London-based partner in its global commercial disputes group. Kovalevsky KC took silk in 2003, and spent 15 years as a barrister at 2 Bedford Row before joining Stewarts as partner and head of financial crime in 2018, and moving to Cohen & Gresser in 2020.

Addleshaw Goddard has made two hires, bringing in financial services disputes partner James Southworth from Eversheds Sutherland, cybersecurity partner James Moss, who was most recently at Bird & Bird. Moss spent five years at the Information Commissioner’s Office, including as director of legal services (regulatory enforcement), before moving to Bird & Bird in 2023. He joins AG as director of cyber investigations.

Also in London, McDermott Will & Emery has hired antitrust partner Omar Shah from Morgan Lewis into its regulatory practice group. Shah is dual-qualified in the UK and Belgium, and his hire sees McDermott expand its UK and EU competition capabilities.

Charles Russell Speechlys has hired real estate planning partner Josh Risso-Gill from CMS, where he made partner at legacy Nabarro in 2005, while King & Spalding has hired Latham & Watkins counsel Dan Marcus as a partner into its London finance practice.

Brown Rudnick has hired London private client partner Sarah Gogan from Harbottle & Lewis into its global litigation and brand and reputation management team.

Finally in London, Shoosmiths has hired Worldpay deputy general counsel Tom Brown as a fintech partner in London. The move marks Brown’s return to private practice after he left Pinsent Masons as a senior associate in 2011. He then spent eight years as director and head of legal for the UK and Ireland at PayPal before moving to Worldpay in 2019.

Orrick was active in Europe, hiring A&O Shearman energy and infrastructure finance partner Craig Byrne in Milan, as well as counsel Frederic Demeulenaere, who also joins as a partner. The Milan hires follow the firm’s addition of a seven-lawyer team led by legacy Shearman & Sterling Italian M&A head Fabio Fauceglia last May. The firm has also hired M&A counsel Bruno Romagnoli from Weil as a partner in Paris.

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HSF Kramer reveals full global leadership line-up as merger goes live

Herbert Smith Freehills and Kramer Levin have officially launched as Herbert Smith Freehills Kramer, unveiling a new global executive committee led by legacy HSF CEO Justin D’Agostino.

The team leading the merged firm – which went live yesterday (1 June) – includes London-based real estate partner Jeremy Walden, who has been appointed as executive partner for UK and EMEA. He has spent more than three decades at the firm, joining legacy Herbert Smith in 1992.

The executive committee also includes London partner Alison Brown – who has served as executive partner for EMEA, the UK, and the US at legacy HSF since 2020 – as executive partner for US growth and strategic integration.

Outside of the UK, the new leadership team comprises legacy Kramer Levin co-managing partner Paul Schoeman as US executive partner, as well as two Australian representatives – transactional IP partner Kristin Stammer as executive partner for Asia and Australia, alongside commercial litigator Anna Sutherland as executive partner for practices.

Stammer joined legacy Freehills in 1996 before the HSF merger in 2012, and has been executive partner for Asia and Australia at HSF since 2023. Sutherland became joint managing partner for disputes at legacy HSF in 2020, less than a year after being appointed to lead the firm’s Australia disputes practice.

New York-based Schoeman is the only member of the merged firm’s global executive who was previously at Kramer Levin. Since 2020 he has been co-managing partner of the US firm alongside Howard Spilko, who does not have a role on the global executive.

Rebecca Maslen-Stannage, who was reappointed as chair and senior partner at legacy HSF last month, said in a statement: ‘Today we embark on an exciting new chapter. Herbert Smith Freehills Kramer unites two firms with complementary strengths, shared values, and a bold vision for the future. We are delighted by the overwhelmingly positive feedback from our clients and our people. Together, we will focus on our strategic vision and build on this fantastic platform.’

D’Agostino, who has been chief executive since 2020 added: ‘In today’s fast-evolving and uncertain macroeconomic landscape, clients need a truly global law firm with deep local insight across all their key markets. Herbert Smith Freehills Kramer is uniquely positioned to deliver exceptional outcomes in an increasingly complex and interconnected world.’

The merger has gone live just two months after partners at both firms voted it through, and less than a year after the deal was first announced in November 2024.

The transatlantic combination will create a firm with 630 partners across 26 offices, and more than $2bn in revenue. The two legacy firms had little overlap, with both having offices in just two cities: New York, and Paris, where Kramer Levin’s team left to join Morgan Lewis last December.

Legacy HSF had only a small disputes-focused office in New York, while legacy Kramer had nearly 300 lawyers there, as well as offices in Washington DC and Silicon Valley. While little known in the UK, legacy Kramer had a strong reputation in the United States, and the market is a key focus for the merged firm, with expansion to Texas high on the agenda, as well as building regulatory and technology practices out of DC and Silicon Valley.

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Global London 2025: Which US firms are setting the pace for City growth?

In this year’s Global London coverage , we highlight the split between two groups of firms: those that are continuing to place big bets on London growth and those that are retrenching.

Here, we take a closer look at some of the firms putting their money where their mouth is by ramping up lawyer numbers or making eye-catching lateral hires over the last year.

Greenberg Traurig

London lawyer count (partners) 156 (55)
London partner hires (laterals) 10 (9)

Greenberg Traurig may not always be the first firm people think of for splashy London expansion but, now ranked 22nd in the headcount table with 156 lawyers in January 2025, it’s a firm that has been steadily growing. Partner count climbed by nearly a third last year to 55, against an 11% increase in headcount. And 2024 was not an anomaly. The firm features in the top 10 for increases in both partner and lawyer count over the last five years, with partner count up more than 77% and lawyer count up 75%.

It brought in no fewer than nine lateral partners in 2024 across a  broader range of practice areas than some of its more narrowly focused Global London peers. These included a trio of construction-focused international arbitration partners from Pinsent Masons in July, including the UK firm’s former global international arbitration co-head Jason Hambury, as well as real estate finance partner Duncan Hubbard from Cadwalader in June.

‘Firms not only need larger headcounts but broader, more diverse practices’

Tom Sprange KC, King & Spalding

King & Spalding

London lawyer count (partners) 102 (39)
London partner hires (laterals) 9 (6)

King & Spalding jumped five places to number 34 in this year’s table on the back of year-on-year increases of nearly 26% in both lawyer and partner numbers. The firm also performed well on a five-year basis, increasing its lawyer headcount by nearly 62% and its partner count by just over 77%.

Tom Sprange QC

It made nine partner hires over the course of the year, six of which were partners at their former firms. Standout hires include its June hire of a four-partner funds team from Cadwalader, led by Legal 500 fund finance leading partner Samantha Hutchinson. The recruitment catapulted King & Spalding to a tier 1 Legal 500 ranking in fund finance, and complemented other transactional hires including high-yield capital markets partner Peter Schwartz, who joined from Paul Hastings in February.

In a sign of its long-term commitment to the City, the firm also executed an office relocation to 8 Bishopsgate. Announced in October 2023, the move saw the firm upsize to 41,000 square feet of space in the prime location.

‘The London market has grown substantially over the last 20 years or so and law firms have needed to scale-up to match demand’, says London managing partner Tom Sprange KC (pictured). ‘Firms not only need larger headcounts but broader, more diverse practices and specialities if they want to be competitive in London, at least outside of niches. We have been actively targeting key areas that our clients need support on, whether transactional, regulatory or disputes work.’

Paul Weiss

London lawyer headcount (partners) 215 (40)
Partner hires (laterals) 19 (17)

It would be impossible to look at the star performers of 2024 without referencing Paul Weiss. The firm leapt to number 13 in this year’s headcount ranking after entering the table for the first time at 45 last year. From 56 lawyers and 13 partners at the close of 2023, the firm finished 2024 with 215 lawyers (up 284%) and 40 partners (up 208%).

The firm’s small scale in the City until its bold relaunch in late 2023 under a team led by former Kirkland partners Neel Sachdev and Roger Johnson means its overall lawyer headcount has grown a staggering 696% in five years.

Its continued expansion means it finished in joint first place with Kirkland by increase in total partner numbers year-on-year, adding 27 new partners. And by total lawyer growth, the firm stormed to the lead, adding 159 lawyers compared to second-place Kirkland’s 45.

The scale of growth means that Paul Weiss alone accounted for nearly two thirds (62%) of the additional 255 lawyers hired across the whole of the Global London firms.

Paul Weiss also made the most partner hires of any Global London firm in 2024, bringing in 19 new partners, of which 16 were laterals. Six of these were from Kirkland, including a funds buildout kickstarted with the hire of James King in February and continuing with the hires of Jeremy Leggate, who joined as European funds co-head in August, David Pritchett and regulatory specialist Rev Raghavan and Prem Mohan, who joined later in the year.

The firm also made a further clutch of hires from the magic circle. Three joined from Clifford Chance, including Legal 500 high-value PE transactions leading partner Christopher Sullivan and banking and finance team co-lead Taner Hassan, whose moves were reported in December 2023. Meanwhile, five joined from Linklaters, including Legal 500 competition Hall of Famer Nicole Kar, whose move was also reported in December 2023 and who now serves as global co-chair of the firm’s antitrust practice.

Sachdev told Legal Business that the firm’s rapid expansion in London had been powered by its ability to attract ‘elite’ partners. ‘We now have a deep bench across all of the key teams to advise private equity and strategic clients on their global transactions.’  

Paul Weiss has maintained its momentum into 2025, with notable hires so far including A&O Shearman’s Nick Charlwood, who in May joined the London restructuring practice Paul Weiss launched through the hire of Akin’s Liz Osborne last July.

‘The strategy for London has remained constant – we’ve always focused on asset managers’

Steven Davis, Proskauer

Proskauer

London lawyer count (partners) 148 (50)
London partner hires (laterals) 8 (7)

Proskauer climbed two spots to 24 in this year’s table, with 148 lawyers and 50 partners – up 14% and 28% year-on-year respectively. By five-year growth the firm’s performance is more impressive. It finished fifth by overall five-year headcount growth, with lawyer numbers up 78% and partner count up 79%.

2024 saw the firm add eight new partners, seven of which were partners at their previous firms. Six of the hires joined its global finance practice and one, former Sidley investment funds head James Oussedik, its private funds group. The finance hires saw former legacy Allen & Overy banking head Philip Bowden join alongside partner Megan Lawrence, while Jake Keaveny, Warren Newton, and vertical hire Court Tisdale joined from Cahill.

‘The strategy for London has remained constant’, says Proskauer London office head Steven Davis (pictured). ‘Our strategy has always focused on asset managers across the full class of alternative assets. We’ve refined that to a focus on private capital. Our key practices address three things: the raising of capital, through our funds practice; the deployment of capital, which is a combination of equity and debt, and includes our secondaries practice; and the realisation of capital, with M&A.’

‘As those three main practice have grown, our adjacent practices in tax, regulation, and litigation, amongst others have grown as well.’

Davis says that this focus has been in place since he joined the firm in 2014: ‘When I was discussing with the then-chair what London might look like, we decided we’d focus on asset management clients and build strength and depth in the practices that those clients needed most.’

‘The goal is to put the right people in the right places so that you can build and develop the client relationships that you need’

Tom Thesing, Sidley

Sidley Austin

London lawyer count (partners) 206 (50)
London partner hires (laterals) 9 (9)

Sidley ranked 14th this year, with a total of 206 lawyers in London including 50 partners. Though total lawyer count was down a little over 1%, the firm increased its partner headcount by 9%, with six partners leaving but nine joining.

These hires included a clutch of high-profile partners from Latham, which accounted for seven of the nine laterals Sidley brought in over the course of the year. Perhaps most notable was the firm’s August acquisition of a five-partner leveraged finance team led by Legal 500 acquisition finance leading partner Jay Sadanandan and Hall of Famer Sam Hamilton.

With a strong focus on finance – six of the firm’s nine laterals joined its global finance group, including five of the Latham hires – Sidley zoomed in on one of its core areas of high-value work. ‘Growth in itself isn’t an end game’, says London managing partner Tom Thesing (pictured). ‘You can put people in seats, but that isn’t the goal. The goal is to put the right people in the right places so that you can build and develop the client relationships that you need.’

Sidley explains its continued growth in London with reference to the same class of large asset managers as Proskauer. Thesing says: ‘Our client base is global, in particular our clients in asset management. This means that there’s very little that gets done in New York that doesn’t benefit us in London, and vice versa. Our clients are also big and broad enough that they require advice on a range of matters, from corporate and M&A to finance and regulatory.’

The data shows that Sidley has been consistent in its commitment to London.  On a five-year basis, the firm has increased its lawyer count in the City by nearly 35%, and its partner headcount by nearly 14%.

And the firm has shown no signs of slowing, making six partner hires already in 2025, including Latham London finance co-chair Tania Bedi at the start of the year, Latham London corporate co-chair David Stewart in April, and a trio of Weil funds partners led by private funds head Ed Gander in May.

‘We’re investing in the firm’s growth on multiple fronts’

Wheatly MacNamara, Simpson Thacher

Simpson Thacher

London lawyer count (partners) 254 (54)
London partner hires (laterals) 4 (4)

Simpson Thacher re-entered the top 10 by total London lawyer count this year with 254 lawyers, including 54 partners. The firm is the only one in the Global London to rank in the top five by all headcount growth metrics, with lawyer numbers up 17% and partner numbers up 35% year-on-year, and lawyer numbers up 145% and partner numbers up 144% on a five-year basis, with the trajectory for its growth set by former London head Jason Glover.

Wheatly MacNamara

The firm made four partner hires in 2024, including Hadrien Servais from White & Case in July, who joined as European private credit team lead. It has followed up with a number of hires announced last year that joined the firm this year, including Sidley’s former leveraged finance co-head Bryan Robson, whose move was announced alongside William Gwyn at the end of the year, and leveraged finance partner Dan Peach from Linklaters, in a move announced in November.

Commenting on the growth, real estate PE partner and Legal Business deal star Wheatly MacNamara (pictured), who was announced as London managing partner in February 2024 and took over from Glover in October, says: ‘We’re investing in the firm’s growth on multiple fronts, including through our pipeline of talent and through strategic lateral hires to ensure we’re best positioned to meet our clients’ evolving needs.’

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‘You need to be strong on both sides of the Atlantic’ – Milbank sets out its City infrastructure push

It would be fair to say that Milbank’s new four-partner London infrastructure team hit the ground running.

Within days of joining from White & Case, before they had even located the coffee machines or had their photos added to the corporate website, Milbank had announced that two of the group – corporate partners Tim Sheddick and Tom Pound –  had led their first deal at their new firm.

The pair, who joined alongside infrastructure finance partner Katie Hicks and former White & Case associate Jonathan Toffolo, advised Macquarie Asset Management (MAM) as consortium leader on the acquisition of a 50% stake in Danish telecom company TDC group – a deal which moved across with the team from White & Case and that gives MAM 100% management of TDC.

The MAM deal isn’t the only matter already keeping the team busy, with Hicks confirming that, on the finance side, they are also working on ‘three large cap refinancings across the midstream transport and utility sectors.’

Combined, the deals are thought to add up to around $5bn, with the mandates underlining the reason Milbank selected this team to help drive its ambition of becoming the leading infrastructure practice in the world.

Hicks and Sheddick will jointly lead Milbank’s infrastructure offering across Europe, with their team move following extensive discussions between the two parties.

‘We’ve been looking at them for a long time,’ confirms Suhrud Mehta, co-head of Milbank’s global leveraged finance group of the four partners. ‘We wanted to get it right. ’

Including its new hires, Milbank now has 46 partners in London (according to the firm’s website) and sits at number 15 in LB’s global London table by total lawyer headcount, which was compiled from data that pre-dates the team’s arrival.

Any concerns that Milbank’s 2023 acquisition of Dickson Minto’s private equity-focused London team (seven partners; 20 associates) might conflict with its strong bank-side lender practice appear unfounded, as the City office posted a 41% increase in revenue from $234m in 2023 to $329m in 2024.

With infrastructure partners in such high demand that the lateral merry-go-round is spinning frenetically, the team could afford to be choosy about their destination.

Other plays in the market have seen Paul Hastings also pick up an infrastructure team from White & Case, while Jessamy Gallagher and Stuart Rowson have moved from Linklaters, to Paul Hastings and on to Freshfields all within the space of two years. Earlier, Kirkland & Ellis added Sara Pickersgill and Paul Sampson from legacy Allen & Overy (A&O) and Clifford Chance duo James Boswell and Toby Parkinson; meanwhile, James MacArthur departed Weil to join Sidley, where he heads the firm’s London energy, transportation and infrastructure team.

So what attracted the team to Milbank?

‘There’s a huge amount of [client] synergies and also John [Franchini, co-head of Milbank’s global infrastructure practice] and Dan [Bartfeld, chair of the firm’s global project, energy and infrastructure finance group] and the incredible team in New York. It’s a really exciting platform,’ says Hicks.

Demonstrating this strength, as Sheddick and Pound were putting the finishing touches on the Macquarie deal, a New York team led by energy and infrastructure finance partner William Bice was advising LS Power on the sale of its natural gas generation portfolio and C&I virtual power plant platform to NRG Energy Inc., in a $12bn deal announced on 12 May.

‘If you’re going to be at the top of this market, you need to be equally strong on both sides of the Atlantic,’ Hicks stresses.

Beyond New York, Sheddick states that the team is ‘very excited’ to work with the team in Germany, pointing to ‘quite a lot of crossover there from mutual client relationships’.

There’s also a personal history for Hicks who adds: ‘At the start of my career at Clifford Chance, I worked with Barbara [Mayer-Trautmann, Milbank banking  partner) and Markus (Muhs, M&A partner].  They are absolutely first rate.’

Mayer-Trautmann and Muhs moved to Milbank’s Munich office, alongside nine associates, from Clifford Chance in 2021.

Hicks concurs, pointing to a €3.1bn refinancing she and Toffolo advised European energy service provider GETEC on in 2024.

‘The corporate aspects of that transaction were done by Markus and the team at Milbank in Germany. So that’s an example of something where we were already working together and now we’re just in the same place, which is nice. Much easier.’

Those personal relationships are important to the team, who have travelled very much as a package.

Pound has been working alongside Sheddick for 12 years, after qualifying as a lawyer at Baker McKenzie in 2013. Sheddick then hired in Hicks to the team in 2018, with the three later moving together to legacy Shearman & Sterling in 2019. In 2021, they made the move to White & Case as a trio, with Toffolo joining them a year later from legacy Shearman. Now, all four have moved together to Milbank, with Toffolo becoming a partner in the process.

‘We really complement each other, in teams of our skillsets, our clients and how we work together. We also really like each other. I mean you don’t stay as a team for this long if you don’t,’ says Hicks.

That team culture is important to Milbank. Mehta states that the London office will have ‘around 50 people working on the [energy and infrastructure] initiative. With about half from the new blood and half from the existing team across energy, infrastructure, finance and private equity.’

The TDC Group deal is confirmation that the team’s relationship with Macquarie remains strong, but the team also works with a number of other key clients.

Hicks has advised in financings for clients including Nadara (formerly Ventient), GETEC, Beacon and Chane Terminals in Europe and BWC Terminals in North America. Other clients include IFM Investors, Axa Investment Managers and Global Infrastructure Partners. According to Hicks, DigitalBridge is a ‘really good example of a client who was very active with Milbank in New York.’

‘[Milbank] is a really popular move with the clients, ’ Hicks says, ‘which drives everything we do.’

It is early days, but Mehta is excited about the possibilities opened up by the team’s move: ‘In London, and globally, we have one of the leading energy and infrastructure practices,’ he says.

‘When you combine that with the team’s infrastructure product knowledge—Katie and John on all types of structured debt products across various sectors, and Tim and Tom’s expertise in infrastructure M&A for investors—you’re doing something good for your clients.’

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‘Its scope is almost limitless’ – the in-house view on AI

‘The scope of AI is almost limitless. There is no part of our operations in 40 countries that cannot be touched by an AI tool.’

Speaking at the Legal Business AI Summit this March, Alex Galtieri, deputy GC at Colt Technology Services, highlighted AI’s huge potential for disruption.

A statement like this would have seemed like hyperbole to most prior to the launch of ChatGPT in 2022, but that platform’s accessibility has had a democratising effect that has pushed AI beyond the tech department and into every part of the business, from comms to the boardroom.

But with accessibility comes complexity. ‘We’ve been using AI for a long time, but the risks are being discussed a lot more now due to the prevalence of generative AI. It’s a step change from the previous predictive AI, and therefore amplifies the risks,’ said Daisy Godfrey, head of legal, group digital and data protection at Aviva – underscoring the fundamental shift in business operations and legal oversight that gen AI has caused.

A map to success

Other speakers at the summit highlighted the importance of clearly mapping out the different ways AI is being used within organisations, as noted by Informa AI governance manager Federico Marengo (pictured right): ‘If you don’t know how it is being used, you can’t consider the risk.’

Meanwhile, Crafty Counsel founder Ben White observed that while AI can help navigate governance, such as identifying who is responsible for signing a contract in a large organisation, it doesn’t let you off the hook when it comes to setting up clear and effective guidance in the first place.

‘If AI is, in the short term, going to replace 50% or more of what your lawyers are doing today, you probably aren’t set up right’

Barbara Zapisetskaya, principal counsel (technology) at the European Bank for Reconstruction and Development (pictured right), also underlined the need for clarity when defining who has responsibility for driving AI adoption and implementing AI strategy, as opposed to the people responsible for ensuring AI use adheres to governance frameworks.

Not so Wild West?

Another key point of discussion was the consequences of the current lack of cohesive AI law and signposts as to where future AI regulations might be heading

Simon McDougall, chief strategist for privacy and AI at ZoomInfo, pushed back against the suggestion that the UK is a ‘Wild West’ for AI, noting that much of AI is already covered by existing regulations such as GDPR, even if it was not originally drafted with AI in mind.

In terms of the future direction of travel, Fountain Court barrister Jacob Turner (pictured right) – the author of Robot Rules: Regulating Artificial Intelligence – highlighted recent statements from Chancellor of the Exchequer Rachel Reeves and Prime Minister Sir Keir Starmer emphasising economic growth in discussions with regulators, and asked whether this implied a tension between regulatory scrutiny and productivity, while also noting that the strength of the heavily regulated financial industry shows that high regulation does not have to be synonymous with low growth.

Quantifying the benefits

On the unexpected consequences of AI, Boston Consulting Group managing legal counsel Luis de Freitas gave the example of an automated tool with a human in the loop that his firm had introduced for NDAs.

As 80% of the review process was accurate, it freed up 50% more time for lawyers. The company ran a survey and found an 85% satisfaction score on the results and also an increase in job satisfaction for the lawyers using the tool.

There was, unsurprisingly, general agreement that the ability to automate routine tasks will enable lawyers to offer more value. Shanthini Satyendra, vice-chair of the AI Committee at the Society for Computers and Law, suggested strategy as one such area. ‘Lawyers are called in once strategy is set, but they can add a lot in terms of problem definition and clarifying key issues vital to success,’ she said.

Matthew Wilson, chief legal officer at Fremantle (pictured right) pointed out that as AI’s impact is constantly evolving, lawyers are well-positioned within businesses to help navigate its uncertainties, including regulatory changes and ethical concerns. Alluding to the wider role that lawyers can and should play, he said:  ‘If AI is, in the short term, going to replace 50% or more of what your lawyers are doing today, you probably aren’t set up right, and are not getting the right value from the team.’

A final piece of food for thought was provided by White, who speculated that the growing financial firepower in legal technology would lead to a legal tech acquiring a meaningful-sized law firm within the next two years.

And while not everyone at the summit was convinced, one thing that AI’s rapid growth has surely shown us is the danger of discounting the improbable.

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‘It’s beyond competitive advantage, it’s existential’ – Lex Mundi on how AI is reshaping the global legal market

As vice president of global markets at law firm network Lex Mundi, Eric Staal is in a privileged position to observe the global impact of AI from a front row seat.

At last October’s Lex Mundi General Counsel Summit, which saw more than 50 senior in-house lawyers at bluechip multinationals gather in Milan, AI was identified as one element of a ‘trifecta of disruption’, alongside geopolitics and energy transition.

Legal Business recently caught up with Staal to get his take on how AI is disrupting the legal profession, starting with its impact on due diligence.

‘The AI aspect of diligence in transactions is one of the most expensive,’ says Staal. ‘It’s crucial to assess issues such as whether the target company understood the risks when using AI in product development, or if they used open-source code and might lack ownership of their products.’

This wave of change is reshaping the role of in-house legal teams, as Staal explains: ‘AI due diligence is causing in-house counsel to do a lot of extra work and to develop new skillsets.’

‘There are major concerns around issues such as consumer violations and bias built into algorithms – how the machine decides what it does is something that keeps many general counsel up at night.’

The widespread implementation of AI presents particular challenges for sophisticated companies with multinational operations, as Staal points out. ‘The complexity of tech transfer controls, especially as AI’s importance increases, means that companies are having to make difficult decisions on where they’re doing business, who they’re doing business with and what type of business they are doing.’

Meanwhile, as regulatory bodies improve their own AI capabilities, Staal sees a potential shift in the relationship between the regulator and the regulated. ‘On the compliance side, if regulatory authorities use algorithms, they might end up knowing more about the company, its operations, and liabilities than in-house counsel, which is not a good position for them to be in.’

In a world where AI is increasingly fundamental, Staal has also witnessed the shift in mindset. ‘Companies are realising that building integrated AI capabilities is a matter of survival. It’s beyond gaining a competitive advantage – it’s existential.’

And all of this is happening against a backdrop of unprecedented complexity. ‘The combination of the energy transition, AI disruption, and geopolitics is creating a risk vortex for major companies, and GCs are being called upon to help navigate it.’

With his Lex Mundi leadership hat on, Staal believes the network offers a potential solution for companies seeking to navigate that ‘risk vortex’, by providing access to trusted local expertise across jurisdictions and engaging with GCs around the world, given Lex Mundi’s ‘box seat view’ of the trends shaping the market around the world.

As such, Staal believes it is ‘well placed to help members navigate a much more diverse and complicated landscape – for the business they are trying to do in different parts of the world.’

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A&O Shearman rehires M&A partner after six-year Skadden stint as Ashurst and BCLP make laterals

A&O Shearman has rehired M&A lawyer George Knighton from Skadden, Arps, Slate, Meagher & Flom six years after he departed.

Knighton, who co-headed Skadden’s UK corporate practice, joined the New York-headquartered firm, alongside corporate partner Simon Toms, in 2019. In the wake of the magic circle firm confirming the collapse of its merger talks with US firm O’Melveny & Myers.

A leading partner in Legal 500’s upper midmarket M&A and corporate governance tables, Knighton joined legacy Allen & Overy as a trainee in 1997, becoming a partner in 2008. He returns with almost 30 years of experience advising on public and private M&A, joint ventures, board advisory mandates, restructurings and corporate governance.

A&O Shearman announced plans to cut 10% of its partnership by the end of April 2025, a few months after the merger went live in May last year, and the firm has seen a raft of departures.

This month, corporate trust partner Tim Beech joined Reed Smith’s Singapore office, tax partner Simon Letherman decamped to BCLP, while digital infrastructure partner and Legal 500 IT and telecoms leading partner Tom Levine and restructuring partner Nick Charlwood moved to Paul Weiss.

The firm has also hired partners, including Sidley private equity duo Dan Graham and Paul Dunbar, debt finance partners Parisa Clovis and Filippo Crosara from Kirkland & Ellis and Barclays investment bank, respectively, and Travers Smith incentives head Mahesh Varia.

David Broadley, global co-head of M&A at A&O Shearman, hailed the hire: ‘Continued investment in our M&A bench strength is a strategic priority for the firm and bringing George, one of the top dealmakers in the market, back to the firm underscores our elite M&A offering in the U.K. George’s expertise and proven track record across a range of core products key to the M&A market, paired with his strong client relationships, will further enhance our offering.’

Elsewhere in the City, Ashurst tapped Mishcon de Reya real estate partner Todd Wu, BCLP welcomed Taylor Wessing finance partner Lerika Le Grange, and Greenberg Traurig hired private equity counsel Tom Rodzoch from Weil as a shareholder in a vertical move.

Across the Atlantic, Simpson Thacher & Bartlett hired Anat Holtzman from Carlyle Group as a funds partner in Washington DC. Holtzman joins after an eight-year stint at Carlyle where she was head of fund formation for global PE, senior counsel, and managing director. 

Meanwhile Akin added real estate funds partner Wendy Dodson Gallegos and infrastructure M&A partner Jason Wagenmaker from Mayer Brown in Chicago. Gallegos co-led the global private funds and investment management practice at Mayer Brown.

Former UK prime minister Lord David Cameron is in discussions with DLA Piper about joining the firm as a consultant.

The talks, first reported in the Financial Times, would see Cameron advise on geopolitical risk.

Should he join, Cameron would be reunited with his former UK Parliament sparring partner Lord David Blunkett. The Labour peer joined the firm last year as an adviser in DLA Piper’s government affairs practice.

Additional members of the government affairs team include former US Republican senators Saxby Chambliss and Richard Burr.  DLA Piper declined to comment when approached by LB.

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Simmons’ new head puts clients and AI at core of plans to steer firm between legacy and leadership 

‘Why would I rip up an amazing strategy that’s put us in such a strong position?’ asks Simmons & Simmons new managing partner Emily Monastiriotis.  

Previously international disputes head before replacing veteran leader Jeremy Hoyland in the top job earlier this month, Monastiriotis is trying to balance her commitment to the firm’s longstanding strategy with a desire to put her own stamp on things. 

Her immediate solution is to enhance what is already there rather than start again. Short-term aims include growing and globalising client relationships, leading the pack when it comes to AI and tech, and addressing global gaps in the firm’s sector focus, including a new push on energy & infrastructure. 

As it stands, the firm’s sector focus is built around four pillars: asset management and investment funds (AMIF), financial institutions (FI), healthcare and life sciences (HLS), and TMT, which, between them, account for more than 80% of Simmons’ firm-wide revenue. 

Now Monastiriotis, a specialist in construction disputes, is mulling the potenial of adding a new fifth sector, either formally or informally. Such a move would  ‘bring together the skillsets’ of recent hires in the energy, construction, and infrastructure industries, following the additions of partners including non-contentious construction partner Marianne Toghill from Clifford Chance, and private equity infrastructure specialist Waltter Kulvik from Eversheds Sutherland, in October 2024. 

 ‘If you ask clients what they associate with Simmons, they would [already] say that HLS, AMIF, FI, energy, construction and infrastructure and TMT are our core sectors,’ she says of the firm’s areas of focus. 

For all sectors the focus is to leverage relationships across practices and offices.  ‘Institutionalising clients is where the big prize is,’ Monastiriotis notes, adding: ‘I’m looking to really grow those client relationships, deliver on our clients’ most complex problems and make full use of our global network. We need to ask ourselves why do people come to Simmons?’ 

Globalising client relationships and boosting revenue will be key if the firm is to retain its position in LB’s global 100 revenue ranking, where it currently sits at number 87 between Gowling WLG and Lewis Brisbois. It’s a goal that Monastiriotis describes as ‘absolutely key’ for the firm, despite insisting that chasing specific targets is ‘not the way to go’.  

During her predecessor’s 15-year tenure, he oversaw revenue growth of 136% from £243m in 2011 to £574m in 2024 against a 141% increase in PEP from £445,000 in 2011 to £1.07m, having taken up the managing partner post in the wake of a failed merger with Mayer Brown, a host of partner departures and a drop in both revenue and profits. 

Monastiriotis is effusive about Hoyland, who is set to take up a new role in Italy: ‘He’s got this incredible intuition. He sees a problem before it even turns into one and already knows the solution. And he’s great at bringing you into the conversation and making you feel part of the decision-making process.’ 

While Hoyland was at the helm, Simmons opted out of pursuing large US mergers and Monastiriotis is clear that a ‘big mega merger’ is not something she has any appetite for either.  

This does not mean she wouldn’t consider a smaller US tie-up though. She describes the recent HSF Kramer Levin combination as an ‘interesting’ model and ‘one that makes sense from the outside looking in’. ‘There’s an interesting piece around niche mergers with the US firms. I think that could potentially be interesting,’ she adds. 

Her focus for now though is squarely on building and strengthening Simmons’ current offering: ‘Making sure that we’re capitalising on our strengths is far more important than trying to add some revenue in the US,’ she insists. 

As part of her role, Monastiriotis will be working closely with Penny Miller, the firm’s global financial services regulatory head, who will take up a newly created position as UK head in September.

The move will bring the UK in line with the rest of Simmons’ global network, as it was previously the only country without a local head, with Hoyland combining the duties. Monastiriotis believes splitting the role will enable her to take a more global approach.   

Just as important to Monastiriotis’s plans as globalising clients is making use of new technology.  Simmons acquired the regulated legal engineering firm Wavelength in 2019 and, more recently in 2023, launched Percy, a generative AI tool developed and used internally.  

Describing fostering a deeper and broader use of AI at the firm as ‘maybe my number one priority’ she is bullish in her tech ambition: ‘I’m told we’re market-leading, but that’s not enough for me. I want to be way ahead of the market.’ 

Simmons in a nutshell  

Number of offices: 22 (including Riyadh office set to open summer 2025)  

Asia:  Hong Kong, Tokyo, Shanghai, Beijing, Shenzhen, Singapore 

Europe: Frankfurt, Düsseldorf, Munich, Dublin, Milan, Luxembourg, Madrid, Amsterdam, London, Bristol, Cambridge 

Middle East: Dubai, Saudi Arabia 

US: San Francisco 

 Financial results 2023-24   

Turnover: $719.2m; PEP  $1.35m  

Sectors as % of turnover (LB estimates): 

Financial institutions: 32%;  

Asset management and investment funds: 28%;  

Healthcare and life sciences: 10%;  

TMT 10% 

 L500 Rankings:  

Total number of L500 rankings global – 156 

Total number of L500 rankings UK – 54 

Total number of T1 rankings UK – 5 

Number of ranked individual lawyers: UK and global  – 160 

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Global London data highlights City split as half retrench while Paul Weiss and others soar

Almost half of the 50 largest international law firms in London saw lawyer count in the capital decrease or stay the same last year, with a divide emerging between those making ambitious strides and those taking a more circumspect approach to a competitive City market.

The total number of lawyers working across LB‘s Global London ranking – which features the 50 largest non-UK-based firms in the capital – increased by just 3% during 2024, with 22 of the group seeing London lawyer count decrease or remain static.

While the 3% increase for the group a whole is slightly up on the 2% recorded in the survey last year, it remains well below both 2022’s equivalent figure of 9%, as well as the double-digit growth seen before the pandemic.

Of the other 28 firms to have increased London lawyer headcount in 2024, 11 saw modest growth of less than 5%, with the 3% total increase being driven in large part by a select band making bold moves in the capital, including 10 which grew by 10% or more.

In total, 19 firms increased both their lawyer and partner numbers during 2024, while 12 firms saw decreases on both metrics.

‘It was not an easy year in London last year’, says Mark Beeley, global international arbitration leader and London office head at Orrick. ‘A lot of people were fighting over the same work.’

Top five firms by year-on-year headcount increase

Firm % headcount change on 2023
Paul Weiss +283.9%
King & Spalding +25.9%
Simpson Thacher +17.1%
Haynes Boone +17.1%
Wikborg Rein +16.7%

While overall growth across the group was relatively slow, some firms nonetheless made notable moves – none more so than Paul Weiss, which continued the dramatic march through the London market it began with its 2023 raid on Kirkland & Ellis.

The ambitious Wall Street firm raised the pace of its hiring during 2024, with lawyer numbers up 284% to 215, including partner numbers up 208% to 40, catapulting it up from 45th place in last year’s table to 13th place this year.

Indeed, if the 159 lawyers added by that firm during 2024 are disregarded, overall growth for the Global London group falls to just 1%.

Other firms to have set their stall out in London during 2024 include King & Spalding, which increased headcount by 26% and Simpson Thacher & Bartlett, which increased partner headcount by 35% to 54, with hires from Linklaters, Sidley, Weil, White & Case and Skadden. Proskauer, meanwhile, increased its City partnership by 28% to 50, centred around an ambitious finance buildout including the additions of legacy Allen & Overy banking head Philip Bowden and Cahill capital markets heavyweight Jake Keaveny.

King & Spalding London managing partner Tom Sprange KC comments: ‘The London market has grown substantially over the last 20 years or so and law firms too have needed to scale up to match demand. Firms not only need larger headcounts but broader, more diverse practices and specialities if they want to be competitive in London, at least outside of niches.’

‘The growth of the market as a whole has slowed, but a few of us are still very much in growth mode’, adds Sidley London managing partner Tom Thesing (pictured right), whose firm placed 14th following a year in which it made headlines with the hire of a team of leveraged finance partners from Latham & Watkins led by Sam Hamilton and Jay Sadanandan.

Two new firms have entered the rankings this year – the Texas-based Haynes Boone and Norway’s Wikborg Rein, at 46th and 45th place respectively.

Haynes Boone has continued its expansion into 2025, bringing over an eight-strong team from the now-defunct Memery Crystal, while Wikborg has also recently benefited from a high-profile collapse, building its London presence with several hires from Axiom Ince, which was shuttered in October 2023.

Bottom five firms by year-on-year headcount decrease

Firm % headcount change on 2023
Morrison Foerster -24.2%
Jones Day -14.4% (estimated)
Dechert -12.8%
Orrick -11.2%
Cadwalader -10.5%

Relatively few firms experienced dramatic falls in headcount. With the exception of Armstrong Teasdale, which dropped off the list this year after the US firm pulled the plug on its London office, stragglers have tended to come down to earth gradually.

Of the five firms that experienced the biggest headcount decreases in 2024, only Morrison Foerster is also among the bottom five performers on a five-year basis, with a 19% decline in total lawyer numbers since 2020. Notable departures during 2024 include leveraged finance partners Chris Kandel and John Burge, who left for McDermott last May.

‘When firms slow down, it’s often because they don’t have enough business going through their network to drive hiring activity’, says Thesing. ‘When it works, it’s a virtuous cycle. But when you can’t grow your business and you start to see things stagnate, you’re then at risk of having talent picked off.’

At Orrick, Beeley puts the firm’s dip in headcount down to ‘natural attrition’, and says that growth in London remains part of the firm’s strategy.

Top five firms by five-year headcount increase

Firm % five-year headcount change
Paul Weiss +696.3%
Simpson Thacher +144.4%
Wikborg Rein +122.7%
Goodwin +92.4%
Proskauer +78.3%

Competition for talent at the top means that to continue to grow in a market like London has become ever-more expensive, with Paul Weiss debuting at the top of the market with a £180,000 salary for newly qualified lawyers while Orrick pays a mid-Atlantic rate of £160,000 for an NQ.

Thesing, whose firm pays NQs £175,000, is clear about the upshot of this: ‘None of us gets to make the market. Getting the best talent through the door is the lifeblood of the business. The reward is you get the best clients and the best work. And you have to pay market rates if you want to get the talent.’

Skadden London office head Rich Youle echoes this point: ‘We participate in the market, but we don’t set it,’ he says. ‘Our success relies on our ability to attract and keep the very best people. Clients come to us expecting exceptional lawyers, so it’s essential that we recruit the best.’

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wdt_ID wdt_created_by wdt_created_at wdt_last_edited_by wdt_last_edited_at Ranking Firm London lawyers Lawyers change YOY London partners Partners change YOY
2 aryan 20/05/2025 11:34 AM aryan 20/05/2025 11:34 AM 1 (1) Latham & Watkins 594 -1.8% 131 -1.5%
4 aryan 20/05/2025 11:34 AM aryan 20/05/2025 11:34 AM 2 (3) Kirkland & Ellis 546 9.0% 231 13.2%
6 aryan 20/05/2025 11:34 AM aryan 20/05/2025 11:34 AM 3 (2) Baker McKenzie 536 -2.5% 118 -2.5%
8 aryan 20/05/2025 11:34 AM aryan 20/05/2025 11:34 AM 4 (4) White & Case 497 3.1% 135 -0.7%
10 aryan 20/05/2025 11:34 AM aryan 20/05/2025 11:34 AM 5 (6) Dentons 417 8.0% 111 6.7%
12 aryan 20/05/2025 11:34 AM aryan 20/05/2025 11:34 AM 6 (5) BCLP 386 -7.9% 115 -4.2%
14 aryan 20/05/2025 11:34 AM aryan 20/05/2025 11:34 AM 7 (7) Reed Smith 332 -5.4% 120 -1.6%
16 aryan 20/05/2025 11:34 AM aryan 20/05/2025 11:34 AM 8 (8) Mayer Brown 280 -3.4% 88 -7.9%
18 aryan 20/05/2025 11:34 AM aryan 20/05/2025 11:34 AM 9 (11) Simpson Thacher 254 17.1% 54 34.8%
20 aryan 20/05/2025 11:34 AM aryan 20/05/2025 11:34 AM 10 (10) Skadden 254 11.9% 35 9.4%
22 aryan 20/05/2025 11:34 AM aryan 20/05/2025 11:34 AM 11 (9) Weil 235 -0.4% 50 -2.0%
24 aryan 20/05/2025 11:34 AM aryan 20/05/2025 11:34 AM 12 (12) Goodwin 227 4.6% 68 0.0%
26 aryan 20/05/2025 11:34 AM aryan 20/05/2025 11:34 AM 13 (45) Paul Weiss 215 283.9% 40 207.7%
28 aryan 20/05/2025 11:34 AM aryan 20/05/2025 11:34 AM 14 (13) Sidley Austin 206 -1.4% 50 8.7%
30 aryan 20/05/2025 11:34 AM aryan 20/05/2025 11:34 AM 15 (14) Milbank** 203 1.5% 40 5.3%
32 aryan 20/05/2025 11:34 AM aryan 20/05/2025 11:34 AM 16 (16) Paul Hastings* 172 1.2% 53 -1.9%
34 aryan 20/05/2025 11:34 AM aryan 20/05/2025 11:34 AM 17 (15) Jones Day* 166 -14.4% 54 5.9%
36 aryan 20/05/2025 11:34 AM aryan 20/05/2025 11:34 AM 18 (19) Squire Patton Boggs 164 6.5% 57 9.6%
38 aryan 20/05/2025 11:34 AM aryan 20/05/2025 11:34 AM 19 (21) Debevoise & Plimpton 164 10.1% 30 25.0%
40 aryan 20/05/2025 11:34 AM aryan 20/05/2025 11:34 AM 20 (18) Ropes & Gray 163 1.9% 29 -12.1%
42 aryan 20/05/2025 11:34 AM aryan 20/05/2025 11:34 AM 21 (20) Akin 157 3.3% 44 0.0%
44 aryan 20/05/2025 11:34 AM aryan 20/05/2025 11:34 AM 22 (24) Greenberg 156 10.6% 55 27.9%
46 aryan 20/05/2025 11:34 AM aryan 20/05/2025 11:34 AM 23 (23) Cleary Gottlieb 152 6.3% 34 13.3%
48 aryan 20/05/2025 11:34 AM aryan 20/05/2025 11:34 AM 24 (26) Proskauer 148 13.8% 50 28.2%
50 aryan 20/05/2025 11:34 AM aryan 20/05/2025 11:34 AM 25 (22) Gibson Dunn 144 -0.1% 37 -8.0%
52 aryan 20/05/2025 11:34 AM aryan 20/05/2025 11:34 AM 26 (17) Dechert 143 -12.8% 46 -09.8%
54 aryan 20/05/2025 11:34 AM aryan 20/05/2025 11:34 AM 27 (27) Covington 140 9.0% 32 6.9%
56 aryan 20/05/2025 11:34 AM aryan 20/05/2025 11:34 AM 28 (25) Willkie Farr & Gallagher 136 0.7% 36 -2.7%
58 aryan 20/05/2025 11:34 AM aryan 20/05/2025 11:34 AM 29 (31) Fried Frank 121 10.0% 29 -6.5%
60 aryan 20/05/2025 11:34 AM aryan 20/05/2025 11:34 AM 30 (28) K&L Gates* 121 -5.5% 47 -11.3%
62 aryan 20/05/2025 11:34 AM aryan 20/05/2025 11:34 AM 31 (29) Morgan Lewis 118 -3.3% 42 -4.5%
64 aryan 20/05/2025 11:34 AM aryan 20/05/2025 11:34 AM 32 (30) Quinn Emanuel 117 1.7% 32 10.3%
66 aryan 20/05/2025 11:34 AM aryan 20/05/2025 11:34 AM 33 (32) Cooley 103 -5.5% 35 9.4%
68 aryan 20/05/2025 11:34 AM aryan 20/05/2025 11:34 AM 34 (39) King & Spalding 102 25.9% 39 25.8%
70 aryan 20/05/2025 11:34 AM aryan 20/05/2025 11:34 AM 35 (34) Fragomen 100 -4.8% 12 0.0%
72 aryan 20/05/2025 11:34 AM aryan 20/05/2025 11:34 AM 36 (33) Orrick 95 -11.2% 32 3.2%
74 aryan 20/05/2025 11:34 AM aryan 20/05/2025 11:34 AM 37 (37) McDermott 89 1.1% 32 10.3%
76 aryan 20/05/2025 11:34 AM aryan 20/05/2025 11:34 AM 38 (36) Sullivan & Cromwell 88 -6.4% 18 20.0%
78 aryan 20/05/2025 11:34 AM aryan 20/05/2025 11:34 AM 39 (38) WilmerHale 77 -7.2% 13 0.0%
80 aryan 20/05/2025 11:34 AM aryan 20/05/2025 11:34 AM 40 (35) Morrison Foerster 75 -24.2% 17 -34.6%
82 aryan 20/05/2025 11:34 AM aryan 20/05/2025 11:34 AM 41 (42) Vinson & Elkins 70 7.7% 17 0.0%
84 aryan 20/05/2025 11:34 AM aryan 20/05/2025 11:34 AM 42 (43) Davis Polk 69 9.5% 10 11.1%
86 aryan 20/05/2025 11:34 AM aryan 20/05/2025 11:34 AM 43 (40) Cadwalader 68 -10.5% 22 -12.0%
88 aryan 20/05/2025 11:34 AM aryan 20/05/2025 11:34 AM 44 (44) Arnold & Porter 55 -5.2% 19 0.0%
90 aryan 20/05/2025 11:34 AM aryan 20/05/2025 11:34 AM 45 (n/a) Wikborg Rein 49 16.7% 13 62.5%
92 aryan 20/05/2025 11:34 AM aryan 20/05/2025 11:34 AM 46 (n/a) Haynes Boone*** 48 17.1% 25 39%
94 aryan 20/05/2025 11:34 AM aryan 20/05/2025 11:34 AM 46 (46) Katten 48 4.3% 17 0.0%
96 aryan 20/05/2025 11:34 AM aryan 20/05/2025 11:34 AM 48 (48) Brown Rudnick 44 4.8% 26 13.0%
98 aryan 20/05/2025 11:34 AM aryan 20/05/2025 11:34 AM 49 (47) Baker Botts 41 -8.9% 15 0.0%
100 aryan 20/05/2025 11:34 AM aryan 20/05/2025 11:34 AM 50 (50) Steptoe* 39 0.0% 18 -5.3%
Ranking Firm London lawyers Lawyers change YOY London partners Partners change YOY

Global London 2025: the largest international firms in London by headcount

The full table of stats and data from the 2025 Global London report, which ranks the top 50 international law firms (firms headquartered outside of the UK) by London lawyer count. 

Click on the headers to sort the table by partner numbers, lawyer numbers, and percentage changes, and sort by lawyer number to reset the table.

Check out our Global London 2025 overview for our analysis of the data, and see which firms stand out from the crowd in our feature on top performers.

Note: All figures refer to London offices only.

wdt_ID wdt_created_by wdt_created_at wdt_last_edited_by wdt_last_edited_at 2025 ranking 2024 rank 2025 rank (2024) Firm London lawyers Total number of London lawyers on 1 January 2024 YOY change 5-yr growth Year on year change London partners Total number of London partners on 1 January 2024 YOY change Year on year change London fee-earners five years ago London partners five years ago 5-yr growth Global partner promotions in most recent round London promos % of global London promotions as % of global
106 admin 29/05/2025 01:32 PM admin 29/05/2025 01:32 PM 1 1 1 (1) Latham & Watkins 594 605 -1.8 33.0 -1.8% 131 133 -1.5 -1.5 448 98 33.7 24 7 29.2 29.0
108 admin 29/05/2025 01:32 PM admin 29/05/2025 01:32 PM 2 3 2 (3) Kirkland & Ellis 546 501 9.0 61.0 9.0% 231 204 13.2 13.2 340 127 81.9 204 25 12.3 12.0
110 admin 29/05/2025 01:32 PM admin 29/05/2025 01:32 PM 3 2 3 (2) Baker McKenzie 536 550 -2.5 -2.0 -2.5% 118 121 -2.5 -2.5 548 119 -0.8 66 6 9.1 9.0
112 admin 29/05/2025 01:32 PM admin 29/05/2025 01:32 PM 4 4 4 (4) White & Case 497 482 3.1 20.0 3.1% 135 136 -0.7 -0.7 415 118 14.4 37 3 8.1 8.0
114 admin 29/05/2025 01:32 PM admin 29/05/2025 01:32 PM 5 6 5 (6) Dentons 417 386 8.0 -5.0 8.0% 111 104 6.7 6.7 438 127 -12.6 91 9 9.9 10.0
116 admin 29/05/2025 01:32 PM admin 29/05/2025 01:32 PM 6 5 6 (5) BCLP 386 419 -7.9 -21.0 -7.9% 115 120 -4.2 -4.2 490 143 -19.6 24 6 25.0 25.0
118 admin 29/05/2025 01:32 PM admin 29/05/2025 01:32 PM 7 7 7 (7) Reed Smith 332 351 -5.4 -13.0 -5.4% 120 122 -1.6 -1.6 380 118 1.7 24 5 20.8 21.0
120 admin 29/05/2025 01:32 PM admin 29/05/2025 01:32 PM 8 8 8 (8) Mayer Brown 280 290 -3.4 7.0 -3.4% 88 96 -8.3 -7.9 261 85 4.1 39 3 7.7 8.0
122 admin 29/05/2025 01:32 PM admin 29/05/2025 01:32 PM 9 11 9 (11) Simpson Thacher 254 217 17.1 144.0 17.1% 54 40 35.0 34.8 104 22 145.0 44 7 15.9 16.0
124 admin 29/05/2025 01:32 PM admin 29/05/2025 01:32 PM 10 10 10 (10) Skadden 254 227 11.9 76.0 11.9% 35 32 9.4 9.4 144 28 25.0 21 2 9.5 10.0
126 admin 29/05/2025 01:32 PM admin 29/05/2025 01:32 PM 11 9 11 (9) Weil, Gotshal & Manges 235 236 -0.4 21.0 -0.4% 50 51 -2.0 -2.0 195 40 25.0 18 2 11.1 11.0
128 admin 29/05/2025 01:32 PM admin 29/05/2025 01:32 PM 12 12 12 (12) Goodwin 227 217 4.6 92.0 4.6% 68 68 0.0 0.0 118 31 119.4 35 4 11.4 11.0
130 admin 29/05/2025 01:32 PM admin 29/05/2025 01:32 PM 13 45 13 (45) Paul Weiss 215 56 283.9 696.0 283.9% 40 13 207.7 207.7 27 5 700.0 34 5 14.7 15.0
132 admin 29/05/2025 01:32 PM admin 29/05/2025 01:32 PM 14 13 14 (13) Sidley Austin 206 209 -1.4 35.0 -1.4% 50 46 8.7 8.7 153 44 13.6 38 3 7.9 8.0
134 admin 29/05/2025 01:32 PM admin 29/05/2025 01:32 PM 15 14 15 (14) Milbank 203 200 1.5 28.0 1.5% 40 38 5.3 5.3 159 31 29.0 17 3 17.6 18.0
136 admin 29/05/2025 01:32 PM admin 29/05/2025 01:32 PM 16 16 16 (16) Paul Hastings 172 170 1.2 50.0 1.2% 53 54 -1.9 -1.9 115 30 76.7 0 0 0.0 0.0
138 admin 29/05/2025 01:32 PM admin 29/05/2025 01:32 PM 17 15 17 (15) Jones Day 166 194 -14.4 -8.0 -14.4% 54 51 5.9 5.9 181 49 10.2 37 3 8.1 8.0
140 admin 29/05/2025 01:32 PM admin 29/05/2025 01:32 PM 18 19 18 (19) Squire Patton Boggs 164 154 6.5 12.0 6.5% 57 52 9.6 9.6 147 43 32.6 17 3 17.6 18.0
142 admin 29/05/2025 01:32 PM admin 29/05/2025 01:32 PM 19 21 19 (21) Debevoise & Plimpton 164 149 10.1 33.0 10.1% 30 24 25.0 25.0 123 23 30.4 8 2 25.0 25.0
144 admin 29/05/2025 01:32 PM admin 29/05/2025 01:32 PM 20 18 20 (18) Ropes & Gray 163 160 1.9 33.0 1.9% 29 33 -12.1 -12.1 123 23 26.1 12 0 0.0 0.0
146 admin 29/05/2025 01:32 PM admin 29/05/2025 01:32 PM 21 20 21 (20) Akin 157 152 3.3 16.0 3.3% 44 44 0.0 0.0 135 47 -6.4 22 4 18.2 18.0
148 admin 29/05/2025 01:32 PM admin 29/05/2025 01:32 PM 22 24 22 (24) Greenberg 156 141 10.6 75.0 10.6% 55 43 27.9 27.9 89 31 77.4 59 4 6.8 7.0
150 admin 29/05/2025 01:32 PM admin 29/05/2025 01:32 PM 23 23 23 (23) Cleary Gottlieb 152 143 6.3 26.0 6.3% 34 30 13.3 13.3 121 19 78.9 26 4 15.4 15.0
152 admin 29/05/2025 01:32 PM admin 29/05/2025 01:32 PM 24 26 24 (26) Proskauer 148 130 13.8 78.0 13.8% 50 39 28.2 28.2 83 28 78.6 15 3 20.0 20.0
154 admin 29/05/2025 01:32 PM admin 29/05/2025 01:32 PM 25 22 25 (22) Gibson Dunn 143 144 -0.7 55.0 -0.7% 37 40 -7.5 -8.0 92 31 18.7 35 2 5.7 6.0
156 admin 29/05/2025 01:32 PM admin 29/05/2025 01:32 PM 26 17 26 (17) Dechert 143 164 -12.8 -11.0 -12.8% 46 51 -9.8 -9.8 161 45 2.2 13 2 15.4 15.0
158 admin 29/05/2025 01:32 PM admin 29/05/2025 01:32 PM 27 27 27 (27) Covington 139 128 8.6 26.0 8.6% 32 30 6.7 6.9 110 29 10.6 14 2 14.3 14.0
160 admin 29/05/2025 01:32 PM admin 29/05/2025 01:32 PM 28 25 28 (25) Willkie 136 135 0.7 77.0 0.7% 36 37 -2.7 -2.7 77 25 44.0 19 1 5.3 5.0
162 admin 29/05/2025 01:32 PM admin 29/05/2025 01:32 PM 29 31 29 (31) Fried Frank 121 110 10.0 46.0 10.0% 29 31 -6.5 -6.5 83 21 38.1 10 3 30.0 30.0
164 admin 29/05/2025 01:32 PM admin 29/05/2025 01:32 PM 30 28 30 (28) K&L Gates 121 128 -5.5 -9.0 -5.5% 47 53 -11.3 -11.3 133 49 -4.1 27 2 7.4 7.0
166 admin 29/05/2025 01:32 PM admin 29/05/2025 01:32 PM 31 29 31 (29) Morgan Lewis 118 122 -3.3 14.0 -3.3% 42 44 -4.5 -4.5 104 36 16.7 26 0 0.0 0.0
168 admin 29/05/2025 01:32 PM admin 29/05/2025 01:32 PM 32 30 32 (30) Quinn Emanuel 117 115 1.7 32.0 1.7% 32 29 10.3 10.3 89 21 52.4 11 2 18.2 18.0
170 admin 29/05/2025 01:32 PM admin 29/05/2025 01:32 PM 33 32 33 (32) Cooley 103 109 -5.5 3.0 -5.5% 35 32 9.4 9.4 100 30 16.7 20 3 15.0 15.0
172 admin 29/05/2025 01:32 PM admin 29/05/2025 01:32 PM 34 39 34 (39) King & Spalding 102 81 25.9 62.0 25.9% 39 31 25.8 25.8 63 22 77.3 37 2 5.4 5.0
174 admin 29/05/2025 01:32 PM admin 29/05/2025 01:32 PM 35 34 35 (34) Fragomen 100 105 -4.8 0.0 -4.8% 12 12 0.0 0.0 n/d 5 2 40.0 40.0
176 admin 29/05/2025 01:32 PM admin 29/05/2025 01:32 PM 36 33 36 (33) Orrick 95 107 -11.2 -4.0 -11.2% 32 31 3.2 3.2 99 30 6.7 20 0 0.0 0.0
178 admin 29/05/2025 01:32 PM admin 29/05/2025 01:32 PM 37 37 37 (37) McDermott 89 88 1.1 19.0 1.1% 32 29 10.3 10.3 75 29 10.3 43 0 0.0 0.0
180 admin 29/05/2025 01:32 PM admin 29/05/2025 01:32 PM 38 36 38 (36) Sullivan & Cromwell 88 94 -6.4 24.0 -6.4% 18 15 20.0 20.0 71 19 -5.3 0 0 0.0 0.0
182 admin 29/05/2025 01:32 PM admin 29/05/2025 01:32 PM 39 38 39 (38) WilmerHale 77 83 -7.2 19.0 -7.2% 13 13 0.0 0.0 65 9 44.4 14 1 7.1 7.0
184 admin 29/05/2025 01:32 PM admin 29/05/2025 01:32 PM 40 35 40 (35) Morrison Foerster 75 99 -24.2 -19.0 -24.2% 17 26 -34.6 -34.6 92 25 -32.0 21 0 0.0 0.0
186 admin 29/05/2025 01:32 PM admin 29/05/2025 01:32 PM 41 42 41 (42) Vinson & Elkins 70 65 7.7 -7.0 7.7% 17 17 0.0 0.0 75 16 6.3 11 0 0.0 0.0
188 admin 29/05/2025 01:32 PM admin 29/05/2025 01:32 PM 42 43 42 (43) Davis Polk 69 63 9.5 35.0 9.5% 10 9 11.1 11.1 51 8 25.0 6 1 16.7 17.0
190 admin 29/05/2025 01:32 PM admin 29/05/2025 01:32 PM 43 40 43 (40) Cadwalader 68 76 -10.5 15.0 -10.5% 22 25 -12.0 -12.0 59 19 15.8 2 0 0.0 0.0
192 admin 29/05/2025 01:32 PM admin 29/05/2025 01:32 PM 44 44 44 (44) Arnold & Porter 55 58 -5.2 6.0 -5.2% 19 19 0.0 0.0 52 19 0.0 8 1 12.5 13.0
194 admin 29/05/2025 01:32 PM admin 29/05/2025 01:32 PM 45 n/a 45 (n/a) Wikborg Rein 49 42 16.7 123.0 16.7% 13 8 62.5 62.5 22 3 1 33.3 33.0
196 admin 29/05/2025 01:32 PM admin 29/05/2025 01:32 PM 46 n/a 46= (n/a) Haynes Boone 48 41 17.1 71.0 17.1% 25 18 38.9 22.2 28 15 0 0.0 0.0
198 admin 29/05/2025 01:32 PM admin 29/05/2025 01:32 PM 46 46 46= (46) Katten 48 46 4.3 7.0 4.3% 17 17 0.0 0.0 45 11 0 0.0 0.0
200 admin 29/05/2025 01:32 PM admin 29/05/2025 01:32 PM 48 48 48 (48) Brown Rudnick 44 42 4.8 -27.0 4.8% 26 23 13.0 13.0 60 30 -13.3 5 0 0.0 0.0
202 admin 29/05/2025 01:32 PM admin 29/05/2025 01:32 PM 49 47 49 (47) Baker Botts 41 45 -8.9 -9.0 -8.9% 15 15 0.0 0.0 45 21 -28.6 12 1 8.3 8.0
204 admin 29/05/2025 01:32 PM admin 29/05/2025 01:32 PM 50 50 50 (50) Steptoe 39 39 0.0 18.0 0.0% 18 19 -5.3 -5.3 33 16 12.5 14 0 0.0 0.0
2025 ranking 2024 rank 2025 rank (2024) Firm London lawyers Total number of London lawyers on 1 January 2024 5-yr growth Year on year change London partners Total number of London partners on 1 January 2024 Year on year change London fee-earners five years ago London partners five years ago 5-yr growth Global partner promotions in most recent round London promos London promotions as % of global
Total: 8,668
Average: 173.4

Global London 2025 - In numbers

wdt_ID wdt_created_by wdt_created_at wdt_last_edited_by wdt_last_edited_at
2 Total no of Lawyers Jan 25 8924
4 % change YOY 3%
6 5-year change 24%
8 Total number of partners 2470
10 % change YOY 4.30%

*lawyer and partner numbers estimated

**partner numbers estimated

***past figures estimated

Hogan Lovells ups City NQ pay to £140,000

Hogan Lovells has increased the salary for its newly qualified solicitors in London to £140,000.

The 4% increase, which took effect at the start of May, is more modest than last year’s 12% rise, when the firm raised its NQ salary from £120,000 to £135,000.

The base salary will be augmented by what the firm refers to as ‘a competitive bonus scheme’ that rewards chargeable work and ‘other contributions to the firm and our values.’

The increase puts the firm on par with Macfarlanes and Baker McKenzie, after both raised their salaries to £140,000 last summer, and just below the magic circle firms, which all moved to £150,000 after Freshfields moved first in May.

It also takes them away from Herbert Smith Freehills and Mayer Brown, with both paying their starters Hogan Lovells’ previous rate of  £135,000. Neither firm has confirmed any change in salaries for this year.

US firms Gibson Dunn and Quinn Emmanuel remain at the top of the table with NQ salaries of £180,000.

The salary hike was not matched in Birmingham, where the firm’s NQs will remain on  £85,000. Trainee pay also remains unchanged across the UK: London rates are £56,000 for the first year and £61,000 for the second year; Birmingham rates are £37,500 for the first year and £41,000 for the second.

In a statement, the firm said it regularly reviews salaries to remain competitive in local markets and, following its latest review, has decided not to raise pay for Birmingham NQs this year.

It added it is ‘committed to attracting and retaining the best talent by offering a comprehensive package that includes high-quality work, career development opportunities, and a supportive working environment in addition to a competitive compensation offering.’

Other firms to announce pay rises this year include Orrick, which increased its NQ salary by 14% from £140,000 to £160,000, leapfrogging the magic circle in the process.

Slaughter and May, meanwhile, has confirmed that its spring pay review resulted in a decision to hold its NQ salary at £150,000. Last year’s increase did not come until September, ahead of a pay review that was originally scheduled for November.

Hogan Lovells’ most recent financials saw UK revenue increase 8% to $577m in 2024 from $534m in 2023,  and the firm has now seen UK turnover rise 22% over the past two years.

[email protected]

Leaders at Paul Weiss, Latham and A&O Shearman named in campaign to remove Trump deal firm partners from board roles

A group of associates who resigned from firms that cut deals with US President Donald Trump to avoid executive orders is campaigning to have the leaders of those firms removed from board roles, with senior partners at firms Paul Weiss, Latham & Watkins and A&O Shearman under the spotlight.

The group, which is led by former Skadden associate Rachel Cohen – whose public resignation made headlines in March – is arguing that ‘bad decisionmakers’ at major firms should not hold board roles at organisations such as charities and education institutions.

Yesterday (14 May) Cohen shared a series of documents, compiled by the group, which lists the executive committee members at firms to have done deals with Trump, alongside the board positions at external organisations that they hold.

The Google Drive also includes draft letters calling on those organisations to remove those partners from their boards.

The list includes Paul Weiss chair Brad Karp, who sits on the board of Legal Action Center, a New York-based non-profit that works to protect the legal rights of individuals with arrest and conviction records, substance use disorders, and HIV and AIDS.

In March, Paul Weiss became the first law firm to make a deal with the Trump administration over his attacks on major law firms, agreeing to provide $40m in pro bono services in return for an executive order against it being dropped.

Also on the list are Latham chair Richard Trobman, who is on the board of Chicago law school Northwestern Pritzker School of Law; Kirkland & Ellis chair Jon Ballis, on the board of the Illinois Holocaust Museum & Education Center, and A&O Shearman US chair Adam Hakki, who is on the board of the Legal Aid Society of New York.

Other individuals named include executive committee members at Cadwalader, Milbank, Simpson Thacher, Skadden, and Willkie Farr & Gallagher.

‘While firms may not care about public outrage, nonprofits and universities just might’, Cohen said. ‘We need bad decisionmakers off those boards, before they can replicate their harmful decisions at other institutions.’

In separate comments to Legal Business, Cohen said: ‘We’re on a mission to continue to think creatively about how to hold individual decision makers appropriately professionally responsible. When you bound your firm to a deal that sold out the country and your employees, you demonstrated poor and corruptible professional judgment at a crucial time.’ 

The campaign calls on participants to prioritise partners at democracy and law-related organizations such as New York’s Legal Aid Society, whose board includes Willkie IP partner and chief inclusion officer Kim Walker as well as Hakki, and the Institute for Policy Integrity at NYU Law, where board members include Skadden antitrust and competition litigator Boris Bershteyn and Willkie chair Matthew Feldman.

No further law firm has agreed to a deal with the Trump administration since April, when a clutch of five firms including A&O Shearman, Kirkland, and Latham agreed to provide a combined total of $600m in pro bono work to causes supported by the administration.

The firms made deals with the administration to provide pro bono work in exchange for protection from executive orders that have suspended security clearances from all firm employees, directed federal agencies to terminate contracts with firms, and bar firm employees from all federal buildings.

Of the firms that made deals with Trump, only Paul Weiss had been on the receiving end of such an order, with the other deals made preemptively. Paul Weiss is also the only firm targeted by an executive order to have made a deal with the administration.

In May, Perkins Coie, one of several firms challenging executive orders issued against them in court, achieved a victory, with US District Judge Beryl Howell striking down the order in a 2 May ruling that declared: ‘in purpose and effect, this action draws from a playbook as old as Shakespeare, who penned the phrase: “The first thing we do, let’s kill all the lawyers.”’

Howell also referenced the firms that cut deals, writing that the fact that Paul Weiss ‘quickly negotiated a deal’ demonstrates ‘the coercive power of such targeting’.

More than 500 firms supported Perkins Coie in its case, with firms including Freshfields, Covington & Burling, Arnold & Porter, and Crowell & Moring all signing an amicus brief filed by Munger, Tolles & Olson and litigation boutique Elmer Stahl in April.

Later that month, more than 700 partners at top firms signed another amicus brief backing Susman Godfrey’s litigation against the administration, submitted by Law Firm Partners United (LFPU), an organization established by Goodwin partners Neel Chatterjee and David Cross. At time of publication, LFPU has more than 850 members on LinkedIn.

Cohen is now strategic and external affairs coordinator at Lowell & Associates, a new firm established by former Winston & Strawn government investigations, enforcement, and compliance practice co-chair Abbe Lowell, which aims to represent clients targeted by the administration. She is joined at Lowell by fellow Skadden alum Brenna Trout Frey, who also resigned in protest at the firm’s deal with Trump, and who joins Lowell as counsel.

[email protected]

‘I realised how much difference it makes to have solid advice and real connections’ – Linklaters and Norton Rose Fulbright join Slaughters in social mobility initiative

Linklaters and Norton Rose Fulbright have joined Slaughter and May as corporate members of 93% Professionals – a social mobility network aimed at boosting the careers of state school educated professionals.

The pair will follow Slaughters’ lead in offering all state-educated staff membership of the network, which looks to offer support and networking opportunities in order to improve soft skills and boost career development.

Slaughters became one of the network’s founding corporate members when it launched in 2023, as the professional arm of former Herbert Smith Freehills associate Sophie Pender’s social impact not-for-profit the 93% Club. The news is the latest example of the legal sector’s social mobility ambitions.

Twenty-five law firms placed in the top 75 of the 2024 Social Mobility Employer Index, a benchmarking tool that recognises organisations for their work improving access for those from less advantaged backgrounds. Slaughters, Linklaters and Norton Rose Fulbright all sit within the top 10.

Commenting on the firm’s decision to commit to 93% Professionals, Paul Lewis – the state-educated managing partner of Linklaters – said: ‘The importance of getting out there, networking and making connections in business cannot be understated. It can open doors and lead to opportunities you might not otherwise have had access to. Having had no exposure to the corporate world when I was starting out, I know just how difficult it can be. Wish [93% Professionals] had been around when I was in the early stages of my career.’

Peter Scott, managing partner at Norton Rose Fulbright, echoed this sentiment, saying: ‘We‘re excited to build on our existing social mobility programme by joining the 93% Club. This will provide another avenue for our colleagues to connect further with both professionals and students from state-educated backgrounds.’

Both Linklaters and Norton Rose Fulbright already have a number of existing strategies in place to improve social mobility. Linklaters is involved in a number of outreach and mentoring programmes aimed at widening access to the legal profession, including the Get Ahead development programme and the Making Links Scholarship. Norton Rose Fulbright, meanwhile, has partnered with schools and charities to help improve the representation of underrepresented groups in law, alongside its development of pre-recruitment initiatives including Scholars, the firm’s university bursary programme, and the RISE programme aimed at year 12 students with an interest in commercial law.

Andrew Jolly, head of corporate group at Slaughter and May, said: ‘We are delighted that Linklaters and Norton Rose Fulbright have also now joined. We aim to ensure that everyone, no matter their background, can access opportunities to enter the profession and thrive throughout their careers.’

Sophie Pender (pictured top – fourth from left), founder of The 93% Club, said the addition of the two firms adds momentum to the movement.

‘We’re excited to welcome two of the City’s biggest firms to 93% Professionals. It means even more knowing they’re offering access to the kind of network I really needed when I was starting out in law. I realised how much difference it makes to have solid advice, real connections and senior people backing your growth. That kind of support matters.’

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Meal Deal Maker: LB lunches with top City partners – Skadden’s Rich Youle

In the latest in Legal Business’s Meal Deal Maker series, Skadden private equity co-head and London managing partner Rich Youle discusses the best things about being a deal lawyer, the most influential deals of his career, and his go-to snacks to get him through a long negotiation.

He also talks up the the value of relationship-building in private equity, reminisces about the legendary deal-closing celebrations of old, and reveals why he opted against pursuing a career as a spy.

Check back in for more Meal Deal Maker interviews in the coming weeks – and please do get in touch* if you’re interested in taking part. You can also check out our previous interviews with Weil’s Tom Richards, CC’s Melissa Fogarty and Willkie’s Gavin Gordon.

*top dealmakers only