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November/December 2019 round up of lateral partner moves in London

 

Click here for Partner Moves November - December 2019

 

Welcome to the latest round-up of lateral partner moves in the legal market from Edwards Gibson; where we look back at announced partner-level recruitment activity in London over the past two months and give you a ‘who’s moved where’ update.

This edition concludes our Lateral Partner Moves for 2019 and we have included some facts and figures below comparing the year’s partner-level recruitment activity with that of over the past five years.

 

 

A summary of 2019

 

2019 saw a total of 444 announced lateral partner moves – 4% up on the 425 moves we saw last year and just 1% off the cumulative five-year average (447). An impressive level of activity bearing in mind the five-year average included the “record years” of 2016 and 2017, where the figures were significantly elevated due to the distorting impact of the insolvent collapse of King & Wood Mallesons’ European Verein. Indeed, the appetite of London law firms for hiring laterals in 2019 was surprisingly robust bearing in mind the backdrop of economic uncertainty from an escalating global trade war, fraught BREXIT negotiations, and, until the December’s general election, the inherent instability of the UK’s hung parliament.

Graph showing the trends in London Lateral Partner Moves from 2015 - 2019

 

Whilst plenty of firms hired five or more partners in 2018, the most acquisitive firm in London was Dentons which snapped up no fewer than 14 laterals.  

 

Top partner recruiters in London 2019 (year to date)   

 

            

Dentons 14                 
Fieldfisher 13
Akin Gump   9
Baker McKenzie   9
Goodwin Proctor   9
Shoosmiths   9
DLA Piper   8
Kirkland & Ellis   8
TLT   8

 

 

Significant team moves in 2019

 

Aside from the founding of new shipping boutique Preston Turnbull, which launched itself by tearing out a five (or possibly six) partner team from Clyde & Co, there were two other large team moves announced in 2019 - both by US law firms. Crowell & Moring acquired a very eclectic, five-partner team, comprising disputes, restructuring, infrastructure and debt finance, from Squire Patton Boggs, and Goodwin Proctor made a five-partner raid on Taylor Wessing -stealing a team comprising corporate technology, life sciences and tax.

 

 

 

Also of note in 2019

 

  • September saw the long-awaited arrival of US AM Law 100 firm Alston & Bird which kicked off its City offering by nabbing three partners from two fellow US firms;
  • 26% of the lateral moves recorded were female partners – a proportion that has remained more-or-less constant over the past three years;
  • 4% of all moves – 20 in all - were in-house lawyers moving into law firm partnership positions;
  • Including those moving from in-house, 104 lawyers moved from non-partner roles into partnership (23%of the total number of moves in 2019).

 

 

 

November - December 2019

 

Despite 2019 turning out to be a very strong year for partner recruitment, this bi-monthly round-up contains 44 lateral partner moves – sharply down on the 61 we saw this time last year and 29% fewer than the cumulative five-year average for the same period – 62.

Top hirers in this edition were Stephenson Harwood, which nabbed four partners - including a three-partner private equity team from Charles Russell, and US firm Brown Rudnick, which hired three insolvency/ restructuring partners.

 

 

 

 

Please do not hesitate to contact us if you would like to discuss this article or any other aspect of the market in more depth.

 

Many thanks,

 

The Edwards Gibson Team

 

      

 

 

      

 

 

 

 

Previous Issues:

Partner Moves September - October 2019

Partner Moves July - August 2019

Partner Moves May - June 2019

Partner Moves March - April 2019
Partner Moves January - February 2019

 

 

Partner Moves November - December 2018

Partner Moves September - October 2018

Partner Moves July - August 2018

Partner Moves May - June 2018

Partner Moves March - April 2018

Partner Moves January - February 2018

 

 

Partner Moves November - December 2017

Partner Moves September - October 2017

Partner Moves July - August 2017

Partner Moves May - June 2017

Partner Moves March - April 2017

Partner Moves January - February 2017

 

 

Partner Moves November - December 2016

Partner Moves September - October 2016 

Partner Moves July - August 2016 

Partner Moves May - June 2016

Partner Moves March - April 2016

Partner Moves January - February 2016

 

 

Partner Moves November - December 2015

Partner Moves September - October 2015

Partner Moves July - August 2015

Partner Moves May - June 2015

Partner Moves March - April 2015

Partner Moves January - February 2015

 

 

Partner Moves November - December 2014

Partner Moves September - October 2014

Partner Moves July - August 2014

Partner Moves May - June 2014

Partner Moves March - April 2014

Partner Moves January - February 2014

 

 

Partner Moves November - December 2013

Partner Moves Sep - Oct 2013

Partner Moves July - August 2013

Partner Moves May - June 2013 

Partner Moves March - April 2013

Partner Moves January - February 2013

 

 

Partner Moves November - December 2012

Partner Moves September - October 2012

Partner Moves July - August 2012

Partner Moves May - June 2012

Partner Moves March - April 2012

Partner Moves January - February 2012

 

 

Partner Moves November - December 2011

Partner Moves September - October 2011

Partner Moves July - August 2011

Partner Moves May - June 2011 

Partner Moves March - April 2011

Partner Moves January - February 2011

 

For further information, or to discuss current trends in lateral partner recruitment, please speak to one of the Edwards Gibson consultants.

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