Global London top 50
‘Heavy hangs the crown – Can Latham remain the global firm to beat?’
A group of elite firms using their vast resources to further reinforce in the City; a larger group suffering attrition or stasis as their presence wanes – 2019 proved to be another year of diverging fortunes for international firms in London. When you add to the mix that the leading brands have seen UK revenue outstrip global growth once more, at first glance it all seems a continuation of last year’s narrative.
However, the story is not as straightforward. True, overall lawyer count among the Global London 50 reached 7,434 – a steady 4% increase on last year. But compared to 2018’s 7% growth (or 15% if you include Bryan Cave Leighton Paisner (BCLP)’s debut), the advance of foreign advisers in the City has slowed as their outposts mature. Continue reading “Global London Overview – Vantage points”
Early March 2018 looked like the best of times to be a lawyer at Latham & Watkins. At the end of February the Los Angeles-bred giant had become the first law firm to report revenues above $3bn. This distinction crowned two decades in which it had been the most upwardly mobile firm in BigLaw, smoothly transitioning from West Coast challenger to global trailblazer, upsetting established hierarchies in New York and London along the way.
But by the end of the month, its 700 partners spread across 30 offices throughout the world were to get an email summoning them to a conference call. Latham’s two vice-chairs Richard Trobman and Ora Fisher informed the global partnership that the firm’s executive committee had accepted the resignation of global chair and managing partner, William Voge. Only three years into his role, Voge was leaving with immediate effect following a series of ‘voluntary disclosures’ relating to personal conduct. Continue reading “Heavy hangs the crown – Can Latham remain the global firm to beat?”