The Legal 500 View: The rise of US firms from barbarians at the gate to London’s top tiers

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The Legal 500 View: The rise of US firms from barbarians at the gate to London’s top tiers

A ten-year analysis of Legal 500 data highlights the ever-growing status of top Global London firms in London, as Georgina Stanley and Ben Wheway explain

The ten largest Global London firms have almost tripled their top-tier rankings in the UK Legal 500 over the last ten years, according to data analysis which highlights their increasing penetration at the top end of the City legal market.

The group (full list below*) have increased their combined number of tier one rankings by 186% from 21 to 60 over the last decade. This compares with a 32% increase in top-tier rankings for the ten largest UK firms by revenue, from 158 to 208. Continue reading “The Legal 500 View: The rise of US firms from barbarians at the gate to London’s top tiers”

The Legal 500 View: The gender agenda: the rankings and firms making progress on diversity

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The Legal 500 View: The gender agenda: the rankings and firms making progress on diversity

Legal 500 editors Georgina Stanley and Ben Wheway take an in-depth look at gender diversity in the latest Legal 500 London rankings

‘Institutional male dominance is hard to shift – it isn’t enough to want to change; sometimes these things are structural,’ says Travers Smith disputes partner Caroline Edwards (pictured) of the difficulties women lawyers can face trying to build their profile in the legal market and the directories that reflect it, including The Legal 500. Continue reading “The Legal 500 View: The gender agenda: the rankings and firms making progress on diversity”

Firms pile into fast-moving corporate crime sphere but is there enough work to keep all hands busy?

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Firms pile into fast-moving corporate crime sphere but is there enough work to keep all hands busy?

 

Georgina Stanley and Anna Cole-Bailey assess a highly competitive sector in flux

Tesco, Rolls-Royce, Unaoil, Greenergy – as companies face increasing scrutiny of their governance and anti-corruption procedures, the number of law firms striving to corner the lucrative white-collar/corporate crime market shows no sign of abating. Continue reading “Firms pile into fast-moving corporate crime sphere but is there enough work to keep all hands busy?”

New players and funding prompt evolution of disputes but City leaders adapt well

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New players and funding prompt evolution of disputes but City leaders adapt well

‘We’ve disrupted the market – everybody knows about us now,’ says Quinn Emanuel Urquhart & Sullivan London co-managing partner Ted Greeno of the US firm’s inexorable rise in the City.

The ex-Herbert Smith Freehills (HSF) partner, himself one of a string of high-profile recruits Quinn Emanuel made since its London launch in 2008, has a point. The disputes-only powerhouse now counts some 85 full-time partners and associates in London – a larger team than Slaughter and May’s litigation offering and not far off the size of Clifford Chance (CC)’s muscular City practice (see below). Continue reading “New players and funding prompt evolution of disputes but City leaders adapt well”

Top Trumps, City-style – Who holds the cards in private equity?

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Top Trumps, City-style – Who holds the cards in private equity?

If there’s one City practice that has barely paused for breath in recent years, it is private equity (PE). Global buyout values reached a record high in 2018 and, while Mergermarket data suggests the first half of 2019 slipped back somewhat, activity levels remain strong, with take-privates driving much marquee M&A activity.

This has only served to underline the drawing power of the sector’s top dealmakers and recent years have seen a flurry of lateral moves. Kirkland & Ellis, Simpson Thacher & Bartlett and Latham & Watkins are among the most potent threats to the Magic Circle, but others, such as Skadden, Arps, Slate, Meagher & Flom and Willkie Farr & Gallagher have also made investments to build out their City operations. Continue reading “Top Trumps, City-style – Who holds the cards in private equity?”