As mergers and acquisitions continue to increase, it’s no surprise that the industry needs more capacity (“London law firms are barely chasing talent”, Report, January 10).
It is the market that will dictate the price. The FT’s Due Diligence Blog (“Go Big or Go Niche: Private Equity at a Crossroads”, FT.com, January 11) joins the debate and asks, “As the cost of talent continues to rise, DD wonders if even the City’s most prestigious firms will be able to pay the bill?”
The answer is simple. It is not the prestigious law firms that pay the bills, it is their clients who will have to pay.