During the past few years, the world has watched, agog, while US troops have rocket-launched into hotspots around the globe – yet comparatively few spectators have commented on their pin-striped brigade conquering the City of London and strategic posts dotted throughout the West End.
The magic circle is awash with deals while large and medium-sized law firms are being swept up via mergers, alliances, affiliate networks and other formal or casual liaisons. Set against a backdrop of economic and political uncertainty, the legal sector remains surprisingly vibrant. Will all the deals be successful? Of course not. Will they fulfil their stated objectives? Sometimes. Will they create profitable, harmonious firms? Maybe. Will the failures, problems and public humiliations deter other firms from following suit? Absolutely not.
