Take a step back to a time roughly 15 years ago. Gordon Brown was the prime minister, the corporate world was commencing to experience the initial shockwaves from the global financial crisis, and Kirkland & Ellis was only just about hitting the $1 billion revenue mark, with its subsequent domination of the legal sector was a whole decade in the future. The legal sphere has seen numerous shifts since then, but argue many legal practitioners, client relationships can weather all sorts of change. For instance, Freshfields Bruckhaus Deringer has provided advice to the Bank of England for nearly three centuries, while Farrer & Co has been serving as advisers to the British Royal Family for close to 100 years.
Over the last 15 years, we have seen some firms fade into obscurity and others ascend the ranks, often due to the high-profile mergers augmenting their share of the market. For more detailed insights into the winners and losers in advising AIM clients over the past 15 years, read the full article here.