Everyone has agreed for years that large US law firms should have taken the City by storm. They have the profitability and scale to outmuscle all but a handful of UK practices, strong banking connections and are driven by an impenetrable and huge domestic market. What could possibly go wrong? Quite a lot, as it turned out. US firms have been too unwilling to invest or trust their local lawyers and often greatly overestimated the global power of their brands. Arguably, an even bigger problem has been their sheer naivety about the City legal market, which has led to a series of breathtakingly daft senior recruitment decisions.
June 16, 2010 at 04:34 AM
1 minute read
The original version of this story was published on Legalweek
What US firms need to cut it in the Square Mile
Everyone has agreed for years that large US law firms should have taken the City by storm. They have the profitability and scale to outmuscle all but a handful of UK practices, strong banking connections and are driven by an impenetrable and huge domestic market. What could possibly go wrong? Quite a lot, as it turned out.
Presented by BigVoodoo
Celebrate outstanding achievement in law firms, chambers, in-house legal departments and alternative business structures.
The African Legal Awards recognise exceptional achievement within Africa s legal community during a period of rapid change.
Law firms & in-house legal departments with a presence in the middle east celebrate outstanding achievement within the profession.
Atlanta s John Marshall Law School is seeking to hire one or more full-time, visiting Legal WritingInstructors to teach Legal Research, Anal...
Lower Manhattan firm seeks a premises liability litigator (i.e., depositions, SJ motions, and/or trials) with at least 3-6 years of experien...
Evergreen Trading is a media investment firm headquartered in NYC. We help brands achieve their goals by leveraging their unwanted assets to...
MELICK & PORTER, LLP PROMOTES CONNECTICUT PARTNERS HOLLY ROGERS, STEVEN BANKS, and ALEXANDER AHRENS
