How did Donald Trump's attack on the US legal sector impact 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. Click the link in our description to watch or listen to the full interview 🔗 #law #legal #donaldtrump #trump #economy #economics #business #businessnews #biglaw #lawfirm #lawfirms #lawfirmmanagement #legalsector #legalservices