Docklands' post-crunch lustre fades as a hub for City law
While hardly representing a fatal blow to Canary Wharf's status as a world-class banking hub, the news that one of only three major law firms to have headed east in the 20-odd years since the development's launch is to now leave must be a tad disappointing for Docklands' backers. Allen & Overy's (A&O) decision to transfer 200 staff in its banking practice to its Spitalfields HQ leaves Clifford Chance (CC) and Skadden Arps Slate Meagher & Flom as the only major legal players on site. Given the lack of success the development has had in enticing law firms eastwards even during the boom years, the chances of a legal community by the Thames now look remote. Law firms are a funny breed - as much as they like to put their rivals down, they want to be in the community of their peers.
The departure of Allen & Overy underlines the Wharf’s failure to woo City lawyers
This premium content is reserved for
Legal Week Subscribers.
Subscribe today and get 10% off.
A PREMIUM SUBSCRIPTION PROVIDES:
- Trusted insight, news and analysis from the UK and across the globe
- Connections to senior business lawyers within the leading law firms and legal departments
- Unique access to ALM's unrivalled, market-leading reporting in the US and Asia and cutting-edge research, including Legal Week's UK Top 50 and Global 100 rankings
- The Legal Week Daily News Alert, Editor's Highlights, and Breaking News digital newsletters and more, plus a choice of over 70 ALM newsletters
- Optimized access on all of your devices: desktop, tablet and mobile
- Complete access to the site's full archive of more than 56,000 articles
Already have an account? Sign In Now
For enterprise-wide or corporate enquiries, please contact Paul Reeves on Preeves@alm.com or call on +44 (0) 203 875 0651