How US Firms' Growth Has Changed London's Legal Scene

Law360, New York (May 10, 2017, 11:43 AM EDT) -- An onslaught of U.S. law firms into London over the past decade, driven largely by private equity and financial industry work, has created increased competition for talent in the city’s legal market and pushed U.K.-based law firms to rethink their strategies surrounding compensation.

American firms are taking advantage of the strong dollar and weak pound to allow them to offer pay packages that the London firms have had difficulty meeting, an analyst says. (AP) Approximately 100 U.S. law firms now have an office in London, and the number of London-based lawyers practicing in American law firms has more than doubled over...

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