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A record number of older lawyers has moved a job in London so far this year, as US law firm with a deep pocket still impair the market, in the sign that employed partners could hit the new heights of 2025.
Law companies have announced 155 Londor partners in January and February, which is 49 percent of the increase in the same period last year, What was a record year for employmentAccording to the edwards of Edwards Gibson and shared with the financial time.
The first two months of the year is traditionally the most prominent employment period in the legal sector, as older lawyers in US law companies are waiting to collect bonus payments after the end of the year before they change their jobs, and employment companies seek to start the New Year with dirty new employees.
A large number of moves so far in 2025. It suggests that it could be another frantically 12 months for employment of law companies, as very profitable US law firm continued to spread in London, coffee partners from city companies, and the UK company tried to reciprocate. Last year, 548 partners were announced, which is the highest number in one year of at least 2007.
Those who have previously been employed by this year are involved in the US law firms based on Kirkland & Ellis and White & Case, as well as the London company “Magic Circle” Clifford Chance. In the collapse of the British law firm Mesiy Crystal, this year also moved a group of nine partners to Flavgate.
The London legal market has recorded a burdensome activity in the last two years, as the lawyer companies based in the United States have moved to increase their mark in the UK in an effort to increase work of work for US clients in Europe. The US law firm largely led by private capital have tried to use the spread of their clients in the region.
The dynamics have encouraged a Pay war while US companies have used their deep pockets for aggressive employment by British rival And peers in London, with compensatory packages in double -digit millions of dollars on offer of some.
“The tens of $ 1 million is an additional compensation for the partner in the system, causing lateral wages in elite companies to spread – making it easier to move on a ladder that has never been seen in London before,” said Scott Gibson, founder of Edwards Gibson.
“Early reporting indicates that 2024 was another record year for the profitability of the US law firm. Exceptionally with the crowded war chests, we would usually expect to see additional investment employment, “Gibson added.
“Recorded employment activity reported throughout [the first quarter] Clearly, the end result of employment efforts in 2024, maybe a hangover from the marriage year, but it doesn’t seem like that, “said Jonny Fort, founder Fort Stratford Partners.
However, Gibson said the recent series of employment meant that the best partners’ pool in Pach was probably reduced, which means that US partners may not be ready to see much more money flowing to London.
“There are only so many” stars “of private capital, debt financing and teams for private funds that have not moved,” Gibson said.
He added: “In addition to the small staff of super-elite law firm, the economy of stars employed is difficult to justify, and we already hear that there is a return to US companies in US companies on the cost of recent employment in London.”
