London Galacticos: Paul Weiss raids Kirkland for yet another partner as it prepares to launch training contract

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By Bradley Fountain-Green on

29

Another star corporate lawyer heads to Soho

Paul Weiss’ new London office, which is located in Twitter’s former UK headquarters in the Soho district of the capital

A senior funds partner has become the 35th(!) Kirkland & Ellis lawyer to defect to Paul Weiss’ London office since rainmaker-rockstar Neel Sachdev made the switch last summer.

Jeremy Leggate, a Leeds University-educated former Clifford Chance trainee, is set to leave after nearly a decade at private equity juggernaut Kirkland. He will co-head the European investment funds team at Paul Weiss.

Only 16% of Paul Weiss’ rapidly expanding London office now pre-dates Sachdev, who has been playing Florentino Pérez in his own game of poach the partner since he made a dramatic exit from Kirkland a year ago. Alongside corporate hot-shot Roger Johnson, Sachdev brought with him a team of six capital markets, M&A and tax partners from Kirkland, and the firm has since seen six more partners make the same move.

It’s not just K&E at risk either. Since making the decision to build out its London operations last year, Paul Weiss has taken twelve-a-piece from Magic Circle players Clifford Chance and Linklaters (including nine partners) as well as seniors from Slaughter and May, Akin, Freshfields and Macfarlanes — just to name a few.

Leggate will join the rest of the defectors in Twitter’s (now X’s) old headquarters near Piccadilly Circus at 20 Air Street in Soho. The office is within touching distance of the firm’s private equity client base in Mayfair — hence the decision to buck the trend of law firms nestling down in the Square Mile — and is currently undergoing a refit, with a pizza oven (amongst other essentials) necessitating the facelift.

Hopefully, this means that they’ll be stone-baked goodies ready to serve by the time the first round of Paul Weiss London trainees join in September 2026.

The New York-headquartered outfit plans to recruit what Legal Cheek understands to be between five and ten trainees from this autumn, as part of its ambitious strategy to expand operations this side of the pond. In another Galactico hire, the firm has brought in high profile recruiter Paul Gascoyne from A&O Shearman to launch its programme.

The inaugural cohort will earn a market-topping £180,000 upon qualification. The Legal Cheek Firms Most List — where Paul Weiss will soon appear — shows that currently only one other law firm, fellow US player Gibson Dunn, offers this amount of cash to its NQs.

Trainee pay is yet to be finalised, but the firm will offer additional financial support including maintenance grants and covering law school fees.

29 Comments

Thanos

PW coming like the thanos of law firms

Jaysen

Must be great working at Paul, Kirkland & Linklaters

Kirkland NQ

No loss, more Lambo cash for the rest of us.

Anon

I’m genuinely saddened by this. When is it going to end? K+E spent years building the greatest, most profitable law firm in the world, with an outstanding UK office. Should P,W really be able to dismantle it like this? At what point does the SRA step in?

Confused

Why on earth would the SRA step in?!

haha

hahahaha

Salty grad

In the famous words of Marvin “Fredo” Bailey, “Money talks” innit.

Judge Rifkind

It goes to show you that despite K&E (and Latham) being the corporate success of the 21st century, PW has a history and prestige (and cash money) that overshadows upstarts.

Anon

Nah. It is cute that they’ve hired all these people but how many deals has Big Rodge closed since arriving there? They seem to think that bringing in more people will disguise the fact that they are doing nothing.

SRA

wdgaf

Ignore

It’s just 🧌 saying troll things. Ignore.

Dispassionate Observer

Those P, W trainees are gonna get BEASTED

Whose next meme

All I wanna know is which law firm is rising their NQ salaries next

Keeping track (Open Source, help me out, add your stuff)

So, announcements-wise:
– in Dec-Feb we had the elite US follow Cravath to 180, think Gibson, Akin, Milbank, KE
– in May we had the Magic Circle hitting 150 (Slaughters still to come)
– in June-July we had the Silver Circle around 130-140 (NRF still to come, or they went early)
– in June-July we also had the big national/middle global firms around 100, think DLA, SH, 2B, HFW, Pinsent (AG and the shed conspicuously absent)
– looks like August may be the beginning of the rises from non-elite US Firms (or at least non-Cravath in London), since we’ve had W&C and Dechert raise already. I’d put my money on most US firms currently paying less than £170k to raise soon.

NRF Associate

NRF won’t be going again. Rumour has it that hiring freezes have started.

Fresher

Wouldn’t it be better to train and work at a more established shop like Paul Hastings or Akin?

The billable train

Neither of those are “established” 😭

assiduous associate

Paul Hastings are experiencing rapid growth and are poised to become a top player in the City.

In contrast, Paul Weiss are just an expensive start-up and will face challenges in establishing substantial progress. Mark my words.

Bible basher

PH isn’t established in London? You obviously have no clue what you’re talking about.

YC the Managing Director and Trainee Terminator

Someone has gone a little dotty after being rejected by me for a TC. The billable train: give me a call if you need dets of the nearest dosshouse.

d

There has been no mention of SH raising their NQ salaries, just hush talk.

Plz fix

Quick google shows that Stephenson Harwood increased from £95k to £100k, effective 1 July.

You’re right

You’re right about SH, my bad

Roger That

Pleased for Jezza. Who is the other co-head of funds at PW though? Surely not James King who (A) is a secondaries lawyer and (B) wasn’t even a share partner at Kirkland.

Anon

Jeremy should be the sole head. Not sure why he agreed to pretend that someone who would never had made shares at K&E is in any way on a par with him.

Intrigued at the Gherkin's Innerworkings

How many partners at K&E are actually share partners % wise? Obviously the big dogs – Higgins, Maguire, Lucas, Boyd etc. are, but how far does it really trickle down? Is it known to non-share partners early on that they’re not going to make it, or is it a prove-as-you-go sort of thing?

Don’t mind

Bro even in non-share partner you’re probably still on something silly like 400k + so I wouldn’t mind that 🤣

Roger That

Less than 10%. Maybe less than 5%. There is a non equity track that NSPs can opt into (i.e. they are no longer eligible for and are not are aspiring to become share partners) but the majority of NSPs do not elect that option. I expect many NSPs have their own private aims that do not necessarily involve making shares (which is realistic given the odds). There are also probably loads hoping to make shares but never do/will. Though spending two or three years as an NSP doesn’t exactly restrict your options elsewhere.

Anon

I thought it was “Paul, Weiss”?

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