How Donald Trump's attack on US legal sector impacts UK law firms

UK national law firms have been in a long-running battle with US law firms, resulting in an expensive pay war, but Trump’s attack on the US legal market may open the door to opportunity. US law firms, including Latham & Watkins, Reed Smith and Kirkland & Ellis, have dominated London. In response, rival firms have been increasingly investing in the City by bulking up teams and increasing salaries. Recruiter Edwards Gibson stated that since August 2023, US firms have pumped millions of dollars of additional partner compensation into the market and upended the pay structures of UK firms. And it’s a strategy that seems to be working: Latham, a $7bn law firm, recently reported London revenue of $850m, a figure that outperforms a large chunk of the UK legal market. Read more of the story here 👇 https://www.cityam.com/uk-law-firms-look-for-novel-way-to-trump-us-pay-supremacy/ Get more of City AM 👇 🌐 http://www.cityam.com X(formerly Twitter): http://twitter.com/CityAM Facebook: http://www.facebook.com/cityam Instagram: http://www.instagram.com/city_am LinkedIn: www.linkedin.com/company/cityam Produced by: Maria Ward-Brennan, Emmanuel Nwosu, Joseph Curay Teneda