By Chris Johnson, The American Lawyer
The collapse of King & Wood Mallesons’ European arm dominated the European recruitment landscape in 2016—and has kept recruiters extremely busy.
The firm’s slide towards insolvency has been accompanied by an exodus of talent: Approximately 100 partners have left KWM Europe (KWME) over the past 12 months, including more than 50 since October, when King & Wood Mallesons’ planned recapitalization of 14 million pounds ($17.1 million) failed following the unexpected resignation of four senior partners [“King & Wood Mallesons in Europe: An Autopsy,” January].
“U.S. firms had a lot of questions about the strategic importance of London immediately after Brexit,” says Melinda Wallman, a partner at recruitment firm Major, Lindsey & Africa. “But now we’re seeing continued activity both from elite and mid-market U.S. clients, who see this period of uncertainty as an opportunity to grow and gain market share.”