HEAD OF CORPORATE – LEAD AN EXISTING TEAM – US FIRM £550,000 plus
A very potential lateral who has met the London managing partner of this US firm in London has walked away thinking, ‘they have got it right’. He has a sensible and considered approach, which works well when recruiting, and currently the London office is looking to hire a new head of corporate. The firm is set up for corporate practice (with lawyers in all the support areas except pensions and IP). In fact, the lawyers in regulatory and real estate are net-exporters of work to the corporate team. There are two pure corporate partners in London who would welcome a leader and there is decent flow of work from the US but there could definitely be more.
The firm has historically presented a compelling story for laterals clients: platform, brand, rate flexibility and real access to the US market. Specifically, the London office has a strong brand in financial services (funds, trading businesses, commodities, securities, brokerage and banking), real estate (particularly the globally recognised hotels practice), private equity (representing leading private equity firms in the US – Tier 2 practice nationwide) and increasingly high net worth individuals and family offices. Client relationships in those sectors will work well and the brand should be an easy sell to your clients. The business case for an equity appointment is £1.5 million plus.
This is a unique opportunity at a leading firm. This is a strategic hire and the level of an offer will reflect that.
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