In a notable move demonstrating a trend among large US legal firms, Ropes & Gray has hired a managing director from its private equity client, Permira. This decision is aimed at strengthening the firm’s ranks in London.
The hiring of personnel from clients appears to be an emerging pattern aimed at boosting capabilities and securing enduring relationships. This, in our observation, evinces a strategic positioning that aims to bolster and tap into economies of knowledge in a terrain where understanding client operations is vital to providing astute legal counsel.
More details about this development are available in the original article on Law.com here.