As a former associate with Cleary Gottlieb’s Paris office and a Senior Director heading up Lateral Link’s London and Paris recruiting practices, I have been working with U.S. lawyers looking to move to Europe for the last 15 years.
In 2014, Above the Law published my series on Planning for a Legal Career Overseas (Part I and Part II) that outlines your best route for moving overseas as a U.S. JD. I stress the importance of working in the capital markets space if you are committed to working overseas. This still holds true for Paris and other European financial centers: Frankfurt and Milan, for example. But over the last few years, we’ve seen a decline in opportunities for U.S. capital markets lawyers in London and an uptick in opportunities for U.S. JDs trained in M&A (on the private equity side) and emerging companies work (venture capital, technology transactions, privacy, etc.)
Why this shift? Ever since Brexit became a certainty, hiring for U.S. capital markets in London has been slow. Firms were still sending their own associates on overseas rotations, but the lateral market all but dried up. But with the boom in private equity and emerging companies work recently, firms are realizing they can use this (U.S.-qualified) expertise in other time zones.
I am currently working with two top international firms, assisting them in finding solid mid-level to senior U.S. JD associates:
Capital markets associates, hang on! There will inevitably be more openings in London soon. Capital markets can only be booming in the U.S. for so long without some of that need crossing the pond. But this new diversity in practice areas in London that U.S. lawyers can aspire to is exciting!