Wake Up Call: Freshfields Vies for Place in ‘Wall Street Elite’

Welcome to Bloomberg Law’s Wake Up Call, a daily rundown of the top news for lawyers, law firms, and in-house counsel.

• Freshfields has made inroads in New York by hiring almost 50 top partners over the last five years from firms like Cravath, Skadden, and Davis Polk, to build a range of practice groups. As a result, the UK-founded “Magic Circle” law firm is now “challenging for a place among the Wall Street elite” as its costly hiring spree “shows signs of paying off.” (Financial Times)
• Kirkland & Ellis and Cravath, Swaine & Moore played key roles in ...