London: US firms now among highest-earning corporate law firms
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US firms now account for three of the five highest-earning corporate law firms in London, according to new analysis.
Chicago-headquartered Kirkland & Ellis is earning £422 million from its London office, while Los Angeles-based Latham & Watkins is earning £341 million – both ahead of the highest-earning domestic firm, Linklaters, on £263 million.
Allen & Overy, which has since merged into A&O Shearman, was in fourth place on £214 million, followed by New York firm Simpson Thacher & Bartlett on £204 million.
Researchers at The Lawyer say their findings serve as “evidence of the Americanisation” of the legal market in the City of London.
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