In recent conversations with partners across the legal market, from international firms to City firms, boutiques, and beyond I’ve noticed a clear divide when it comes to US law firms in London.
When I approach someone about a role at one of our US clients, the reaction typically goes one of two ways. Some partners are intrigued by US firms; drawn by the international scope, pragmatic mindset, attractive compensation packages and the chance to be part of something growing and dynamic. They value the entrepreneurial spirit of their US colleagues, their solutions-driven approach and often see it as an exciting career move and a way to expand their US (and International) network.
Others, however, are quick to close the door. And lately, political developments in the US have added another layer of hesitation. For some, joining a US firm feels too uncertain – a step into a system that might not align with their values or long-term vision.
Then there’s the perception problem that all US firms are high-pressure, “eat what you kill” environments with limited autonomy, little say in partnership decisions, inflexible US-based leadership and rates that won’t suit their UK or other international existing clients. But that’s not the whole story.
There are several US Law Firms in London that have built successful, collaborative and collegiate teams, many of which have merged with UK firms or hired widely from both US and UK practices. These firms invest significantly in their European offices and recognise their strategic importance.
Beyond the well-known East Coast–based “premier” firms, who frequently represent major financial institutions, funds, and private equity houses. There are, however, numerous further U.S. firms with highly interesting clients. The so-called “other” U.S. firms also boast a diverse and impressive client base but tend to work more across industries, including leading names in fashion, FMCG and energy among others and these clients tend to be very loyal to their current law firm. In addition, many of these firms are far more flexible on their billing rates than one might expect and also their compensation structures reflect this approach, making them a surprisingly attractive option.
It’s a shame when a strong opportunity is dismissed based solely on the name or nationality of a firm, i.e. ‘the perception’ when it comes to US firms.
If you ever consider a move, whether to a US, City, boutique, or international practice, I’d be happy to have a confidential conversation and help you understand the nuances behind these different law firms.