Given the plaudits that have rained down on post-Ashurst Latham & Watkins, the casual observer could be forgiven for bracketing the firm with the select rank of US firms making the running in the City.

But, as a glance at the firm’s London-generated work reveals, it is a way yet from stepping out with the Shearman & Sterlings and Skadden Arps Slate Meagher & Floms of this world.