US firms in London: Here today.... and tomorrow
With over 1,200 lawyers now working for US law firms in London, US-based practices represent a credible career alternative for lawyers from a variety of backgrounds, writes Peter Gosden
A decade ago a UK lawyer wanting to work for a US law firm in London really had to be an established corporate or banking lawyer from a magic circle firm, able to hit the ground running in complex international deals. As one by one the Wall Street powerhouses crossed the Atlantic, speculation was rife as to their long-term commitment or viability. Despite this, and trepidation about high billable hours and aggressive hire-fire mentalities, the prospect of huge salaries helped to tempt enough lawyers to leave the relative security of their UK practices.
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