edwards gibson informed connections
+44(0)20 7153 4903

January 2022: November-December Partner Moves in Law.com’s Legal Week

In a further article based upon our November – December partner moves and end-of-year conclusions, Law.com’s Legal Week recalled the top hirers and losers of partners in 2021 in its article ‘Kirkland, White & Case Hired (and Lost) the Most London Partners In 2021, Report Shows’.

 

The article looks behind the figures, searching for potential explanations for Kirkland & Ellis topping both of our tables, for the highest number of hires and losses of partners with 15 hires and 11 losses.

 

‘Kirkland’s 15-hire tally was higher than at any other firm, the research showed. Scott Gibson, director at Edwards Gibson, explained that while some of the laterals would have gone into full equity, Kirkland’s salaried partner structure made it easier to hire and remove partners.

“Salaried partners are effectively employees rather than ‘partners’ in the way equity partners are. It is simply easier to hire (and remove) them; they have no entitlement to equity profits, are not required to pay in capital to the firm and they do not have voting rights,” he said.’

 

The article also delves into the associate pay wars, and the scepticism as to the sustainability of the pay wars, in the same vein as The Times article Salary boom for young lawyers sets alarm bells ringing’.

 

 

The Partner Moves was also reported in the Law Gazette, Legal Futures, Evening StandardCity AM, The Horizon and The Lawyer Australasia.

< Back

Articles by Scott Gibson

news & events

  • March/April 2022 round up of lateral partner moves in London more
  • March 2022: 67th Partner Moves report featured in Law.com’s Legal Week more
  • January 2022: Edwards Gibson Director quoted in the Evening Standard more
  • January 2022: Edwards Gibson Partner Moves reported in The Times more
  • January 2022: Edwards Gibson report quoted in ‘City AM’ – ‘London law firms hired record number of partners in 2021’ more

top articles

  • Quantifying your following and writing an effective business plan more
  • Edwards Gibson Partner Round-Up - Our Methodology more
  • The Partnership Track and Moving for Immediate Partnership more
  • Legal directory rankings and their effect on lawyer recruitment more