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Record Number of London Lawyers Moving to US Firms in 2024: The Private Equity Power Shift
Manage episode 459818292 series 3612206
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In 2024, over 500 London lawyer partner moves were recorded, driven by aggressive recruitment from US law firms capitalising on a booming private equity market. This surge has intensified competition, leading to significant pay increases and a reshaping of compensation structures among London-based firms. The "magic circle" UK firms, in particular, have suffered major partner losses to US firms, prompting some to adjust strategies and focus on more profitable practice areas. With experts predicting continued high partner mobility, this trend is set to reshape London’s legal landscape in 2025.
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