"The firm's incoming senior partner, Damien Crossley, emphasised that the new office is not intended as a step towards competing with its relationship firms, such as Wachtell, Lipton, Rosen & Katz, or any other firm in its "good friends" network. Crossley believes the launch will "help our European clients navigate the U.S.", adding that the office is not intended as a referral office, but rather will serve firm-originated clients."
"We have absolutely zero interest in merging. We have absolutely zero interest in practicing U.S. law. We do not need to practise U.S. law to understand what U.S. investors want."
Macfarlanes, a London-based firm generating $474.7 million in 2024 revenue, is establishing a New York office at 667 Madison Avenue led by former managing partner Julian Howard. The office will operate as a representative office with a small team in single digits, housing the firm's investor intelligence team. Senior partner Damien Crossley emphasized the firm has zero interest in practicing U.S. law, merging with competitors, or disrupting the market. Instead, the office aims to help European clients navigate U.S. markets, strengthen relationships with U.S. investors, and build the firm's U.S. brand presence while serving firm-originated clients rather than functioning as a referral office.
Read at Above the Law
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