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.
July to August is traditionally a quiet time for the announcement of lateral partner moves and this year was quieter than most. We recorded a total of 47 lateral partner moves – a 12% decrease on the statistical average (54) for the same period over the past 5 years.
Nevertheless, despite portents of an economic Götterdämmerung, as evidenced by increasingly shrill warnings about the consequences of a “no deal” Brexit, the prospect of a snap general election arising from the inherent instability of the UK’s hung parliament, a European-wide slow down, a looming global trade war and a seemingly insoluble Italian debt crisis, the number of lateral partner moves was actually up 7% on the same period last year.
Although there were no large multi-partner team moves in this round-up, a total of 10 firms hired two partners a-piece (either as individuals or two-partner teams).
Also of note in this edition
- Washington DC firm Crowell & Moring continued its seemingly never-ending raid on Squire Patton Boggs by nabbing its seventh partner from Squires inside a year;
- 21% of all laterals were non-partners moving into partnership. In a UK first, this included traditionally conservative New York firm Milbank which took an Allen & Overy senior associate into its partnership;
- 32% of all later hires were women.
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