The Legal Cheek View
Akin Gump is now a substantial player in London having taken over Bingham McCutchen’s entire London office — including its training contract programme (Akin Gump’s London office didn’t use to offer graduate jobs). Now it offers four TCs each year.
The firm is rather quiet on the marketing front, not tending to be seen around UK university campuses much and rarely appearing in the legal press to talk about what it does. Instead, its strategy is to pay top whack and sit back and watch the applicants come in. Yes, Akin Gump is a MoneyLaw firm, having boosted its NQ rate this year to an incredible US$180,000 (or £140,000).
Interestingly, the firm’s profit per equity partner is significantly lower than some of the very top US shops (most of which pay lower NQ rates), but it still stands around magic circle levels.
Practice area-wise, Akin Gump’s focus in London is on finance and restructuring work, with UK senior partner James Roome one of the most respected in the business for the latter. It’s all a long way from the firm’s origins specialising in criminal law having been founded by two FBI agents.