Linklaters: Touched by an Angel
Globalization, tight management have made firm big and rich. Can it maintain momentum after architect of its success exits?
For a generation, Skadden, Arps, Slate, Meager & Flom stood alone among law firms in combining mammoth size with regal wealth. Well, move over, Joe Flom. With revenue of more than $2 billion and profits per equity partner approaching $2.4 million, Linklaters has surpassed Skadden on both measures. As managing partner Tony Angel's nine-year tenure draws to a close, Linklaters is both big and rich. How big and rich? Chew on this: You could put together a three-way merger among Davis Polk & Wardwell; Cleary Gottlieb Steen & Hamilton; and Debevoise & Plimpton, and, on a pro forma basis, Linklaters would outstrip it in both revenue and profits per equity partner.
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