For decades, cracking the US has proved to be a step too far for London’s top corporate law firms.
But Freshfields Bruckhaus Deringer, Clifford Chance and Allen & Overy are all in the midst of a renewed assault on the world’s most lucrative legal market as the “magic circle” firms seek to build on their past strength in Europe and become global heavyweights.
Their push is multipronged and expensive, with the firms poaching star US lawyers on record pay deals and opening offices in Los Angeles and San Francisco for the first time.
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