LawJobsPipeline.com – As the legal business has boomed in the City, the growth of US law firms seeking to expand their ‘franchises’ into London has grown, with a raft of major US practices (and some small ones) seeking to place their stake firmly into the Thames riverbank some place.
But as the subprime mortgage crunch takes its toll on the offices back home, several US firms are now struggling a little over the Atlantic. Those particularly affected are the firms that haven’t built a strong client base in the UK. Those particularly affected will be the US firms who have merely set up shop in London for their clients who want to “go shopping” in London, as Michael Herman writes in The Times.
