Clients increasingly struggle to draw a distinction between their U.S. law firm advisers in London and their U.K. counterparts, so well established are many of the American firms in the City now.
And an analysis of the Limited Liability Partnership (LLP) accounts of a group of the City’s biggest international imports paints a similar picture of strength, with many of the firms showing no great financial dependence on their overseas parents.
Data compiled for Legal Week by accountants Smith & Williamson from the U.K. LLP accounts of 17 U.S. and international firms demonstrates how far these firms have developed in recent years.
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