Now is the time, if ever, for a hackneyed footballing metaphor. With Kirkland & Chelski’s City arm brandishing its chequebook like a cash-rich super-club, it is worth asking how many big-money transfers actually succeed?

Not many. Twelve years ago, up-and-coming corporate partner Michael Hatchard was plucked from the relative obscurity of Theodore Goddard’s corporate team by Skadden Arps Slate Meagher & Flom. Hatchard has since developed into one of the leading lights of a London M&A scene that remains extremely difficult to break into.