Opinion on this side of the Atlantic about top US firms is often heavily shaped by the profile of their London offices. It stands to reason that it is easier to test the pulse of a US firm’s City operation than it is to delve into the inner workings of its Washington DC or Chicago branches. So we are grateful to our colleagues at Legal Week’s new US sister title Legal Times for throwing some invaluable light on how Mayer Brown’s bid to raise its profitability is going down in its US heartlands.
‘Unsettled’ is a word that springs to mind when considering the firm’s current mood. That is not to suggest for a moment that the transatlantic giant is in crisis mode but it is meddling with the chemistry that binds every law firm together. This is always risky, but it is especially bold when there is a lack of consensus about where the firm should be going. And if you throw in a controversial round of de-equitisations… well, it all starts to look a little bumpy.
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