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Welcome to the latest round up of lateral partner moves in the London legal market from Edwards Gibson, where we look back at partner-level recruitment activity in London over the past two months and give you a ‘who’s moved where’ update.
In terms of absolute numbers, this edition of partner moves is relatively tame in comparison to the others we have published over the past 12 months. The lack of large scale multi-partner team moves, the absence of the distorting impact from the collapse of a major law firm and, at this stage at least, seemingly light casualties from the CMS, Nabarro, and Olswang tie-up, has meant that the number of lateral partner moves in London is down over 20% on both the preceding two months of 2017 and the same (May-June) period last year.
In total we recorded 73 lateral partner moves 13 of whom (18%) were elevations of senior associates or counsel into partnership.
Going forward the uncertainty arising from the on-going Brexit negotiations, together with the prospect of another snap general election arising from the inherent instability of the UK’s now hung parliament, will doubtless have an impact on the UK economy. It remains to be seen just how that impact will translate to the London lateral hire market.
If you would like to speak to anyone about our updates, or about the services we can offer Clients and Candidates, please do get in touch via the details below.
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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.
Scott Gibson, Director scott.gibson@edwardsgibson.com
Sloane Poulton, Director sloane.poulton@edwardsgibson.com
Mark Coates, Senior Consultant mark.coates@edwardsgibson.com
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- Edwards Gibson Partner Round-Up - Our Methodology
- Previous editions of Partner Moves in London
- Quantifying your following and writing an effective law firm business plan
- Specimen partner business plan template
- The Partnership Track and Moving for Immediate Partnership
- Legal directory rankings and their effect on lawyer recruitment
- Restrictive Covenants and Moving on as a Partner
- Paul Weiss - Happy Birthday to BigLaw's Apex Predator
- Paul Weiss - Blackjack!
- Breaking The Circle - the real significance of Freshfields pay bonanza is far more profound than just another Big Law salary arms race.
- A lawyer's progress to partnership... and the closing window of opportunity
- Linklaters – Welcome to the “Hotel California” of Big Law; “You can check out anytime you like but you can never leave”
- The Pecking Order at MIPIM; believe it or not Real Estate Lawyers are not at the bottom!
- Parallels in Peril, two midsize law firms – Axiom Ince and Stroock & Stroock & Lavan – collapse in the same month
- And you thought $20 million was a lot for a lawyer…