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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.
There are a total of 71 lateral partner moves hires in this edition – a 5% increase on this time last year but an 8% decrease on the statistical average (77) for the same period over the past 5 years.
Nevertheless, perhaps surprisingly in view of the economic and political uncertainties arising from the global economy and Brexit, year to date, we have recorded 244 lateral partner moves – 6% up on the five year average at the same half year point.
The most dramatic move was Goodwin Procter’s five-partner raid on Taylor Wessing stealing a team comprising corporate technology, life sciences and tax. Two firms hired three partner teams: Dechert (which took a mixed finance and disputes team from fellow US firm Sidley) and Kennedys which scooped up an insurance/re-insurance trio from Norton Rose Fulbright.
In addition to the above five firms: Akin Gump, Bryan Cave Leighton Paisner, Gowling WLG, Hill Dickinson, and Willkie Farr made two partner team hires.Goodwin Procter | 5 |
Kirkland & Ellis | 4 |
Dechert | 3 |
Kennedys | 3 |
Gowling WLG | 3 |
Also of note in this edition
- 20% of all moves were from non-partners moving into partnership (including all four partner hires at Kirkland & Ellis)
- Two firms hired partners from in-house: Dentons (Hilton Hotels) and Fieldfisher (Morgan Stanley);
- 24% of all partner moves were female 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.
Scott Gibson, Director scott.gibson@edwardsgibson.com
Sloane Poulton, Director sloane.poulton@edwardsgibson.com
Mark Coates, Senior Consultant mark.coates@edwardsgibson.com
Please click here to understand our methodology for compiling Partner Moves
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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 - The invasive species that upset the London Big Law ecosystem
- 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