When the financial crisis hit the City, many expected the fortunes of UK private equity heavyweights Travers Smith and Macfarlanes to plummet. Five years on and the pair – traditionally seen as bellwethers of the London legal market – have bounced back surprisingly well. Anna Reynolds finds out why
With their UK-centric business models and focus on private equity, if anyone was going to be hit hard by Lehman Brothers’ 2008 collapse and the subsequent implosion of the global financial markets, it was top 50 UK law firms Macfarlanes and Travers Smith.
