Where the Action Is in Global Legal Market - Where It Could Pick Up and No Compassion for Those Left Behind
The raids by US-headquartered law firms in the UK for legal talent have grabbed headlines. In particular, the seeming almost personal competition for stars between Kirkland & Ellis and Paul Weiss captured attention like an American football playout. Also professional anonymous networks such as Reddit and Fishbowl have been posting an escalating number of queries about how junior lawyers could apply for work at those London branches of the US firms. The usual advice was: Sure, they're hiring and go for it but be prepared to put in extreme hours and always be available. LawCareers.Net documents the grind: "Trainee and junior solicitors at US law firms in London are facing intense work schedules, with some exceeding 70 hours a week and often finishing after 10:30pm. US law firms occupy the top 11 spots on the hours table, according to a new survey by Legal Cheek ." Now it is becoming clear what is driving all this activity in the UK legal market: Su...