U.S. Firms Scale Back London Recruitment as Lateral Hires Fall to Five-Year Low
Lateral partner hiring by U.S. firms in London fell to its lowest level since 2004 last year, according to new research from Legal Week. A survey of hiring trends at the London operations of 37 of the biggest U.S. and trans-Atlantic firms found there were just 59 lateral partner moves in 2009, with many firms shying away from expansion against the backdrop of the global recession. Greenberg Traurig Maher, which launched in London in June 2009, was responsible for a quarter of those hires.
