Global London rises – Sullivan & Cromwell signs up Linklaters partner for finance push

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After years of conservative City growth, further signs emerge this week of Wall Street’s finest pushing into mainstream UK work with Sullivan & Cromwell recruiting Linklaters banking and restructuring partner Chris Howard.

The high-profile hire will be seen as a significant boost to Sullivan’s English practice in restructuring, distressed M&A and finance. Howard will advise international corporations, banks and financial sponsors on corporate restructurings and financings throughout Europe, the Middle East and the US. Continue reading “Global London rises – Sullivan & Cromwell signs up Linklaters partner for finance push”

Lone star state of mind

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Reed Smith’s assault on Houston is a brave move following its failed merger with Thompson & Knight three years ago.

The firm launched a greenfield office in downtown Houston last month, where it will fill two floors of the city’s tallest building, the BG Tower, with up to 30 lateral hires over the next quarter. Firmwide managing partner Greg Jordan says Reed Smith has already recruited several partners and associates from leading local firms.

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Stewarts Law chases the American dream

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London disputes specialist Stewarts Law was shortlisted for Law Firm of the Year at the Legal Business Awards in February on the back of an outstanding performance during 2010/11. But with revenues up 42%, a profit margin of 41% and PEP of £890,000, you could be forgiven for wondering why it has now decided to open two offices in the US.

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Capital connections

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London firms have traditionally focused their US strategy on New York but a presence in Washington DC has become increasingly popular. Can the growing band of UK firms thrive in the US capital?

At times it can be fashionable to bash Washington DC. For most US senators or congressmen, berating the lobbyist-fuelled, back-scratching political climate in the US capital can do wonders for their re-election prospects. In his State of the Union speech in January, President Obama summed up the popular sentiment. ‘I bet most Americans are thinking the same thing right about now: nothing will get done in Washington this year, next year or maybe even the year after that because Washington is broken,’ he declared.

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