FisherBroyles, LLP, the first and largest distributed law firm in the world, has today announced the expansion of its Law Firm 2.0® offering in London, bringing the total number of London Partners to 10.
FisherBroyles continues to recruit, with more high-profile senior Partners set to depart top London law firms – for FisherBroyles – in the next few weeks.
FisherBroyles’ London expansion has been rapid. Its London presence – FisherBroyles’ first international location outside of the U.S. – opened in February this year with the appointments of Peter Finding and Rory Graham as Partners. Expansion of the Firm in London was led by Managing Partner Michael Pierson, a securities partner and former Assistant General Counsel of Goldman Sachs (New York), who will continue to serve as Managing Partner of the Firm’s Global Corporate department in the U.K. and U.S.
Partners at FisherBroyles in London have practiced at a number of pre-eminent law firms, including: Baker McKenzie, Bird & Bird, Cravath, Davis Polk, DLA Piper, Dorsey & Whitney, Freshfields, Gibbons, McGuireWoods, Morgan Lewis, Paul Hastings, Pinset Masons, Quinn Emanuel, Skadden, Sullivan & Cromwell, Strange & Butler, Seyfarth Shaw, Taylor Vinters, Withers, and Winston & Strawn.
The entire London team now includes:
• Robert Boresta
• Stephen Di Cioccio
• Peter Finding
• Richard Flaggert
• Rory Graham
• Daniel Larkin
• Ben Lasserson
• Michael Pierson
• Andrew Webster
• Thomas Wiesner
FisherBroyles provides a full-service offering in London with practice areas covering corporate, litigation, capital markets and M&A, securities, employment, international arbitration, intellectual property, data privacy, media, sports, energy, technology, and outsourcing.
Michael Pierson, Managing Partner, Global Corporate, said:
“We are thrilled to welcome so many talented new partners to our fast-growing London offering, which will expand further in the coming weeks. Our business model is specifically built around talent, technology, and transparency. It allows the best lawyers to perform profitably from anywhere, anytime, with more flexibility and control over their financial rewards. It is very appealing to both partners and clients alike, and I expect our growth and recruitment, both in London and in the United States, to continue at pace.”
The Firm currently has over 260 partners across 23 markets in both the U.S. and U.K. and its ongoing rapid expansion, despite the current economic environment, is testament to the resilience and success of the firm’s unique Law Firm 2.0® business model. The model was created by co-founding partners James Fisher and Kevin Broyles in the wake of the 2002 dot-com recession and has been carefully honed over the last 18 years.
The Firm’s business model eliminates the costs and inefficiencies of the traditional ‘Big Law’ model without expensive real estate or other unnecessary overhead, and we believe it is impossible to replicate overnight.
The Firm’s ‘partner-led, and client-driven’ approach eliminates clients paying to train high cost associates. The Law Firm 2.0® business model also results in lower billable rates, providing an attractive alternative to traditional law firms in the current economic environment, as clients look to cut costs and seek value.
FisherBroyles has also developed its own non-discretionary, fixed compensation formula which solves the traditional law firm approach to lawyers’ compensation. Transparent and non-discretionary client credit and compensation policies solve equality issues often found in traditional law firms and removes bias by institutionalizing inclusiveness. Unlike traditional firms that may demand capital calls from Partners during times of micro-economic slowdowns, FisherBroyles’ never requires capital contributions.
James Fisher, Firm Founder and Managing Partner of FisherBroyles, commented:
“Our law firm was born in reaction to the 2002 dot-com recession and we have revolutionized the antiquated ‘Big Law’ business model since. Post-Global Financial Crisis in 2008, we not only survived, but doubled headcount and revenues. This proved our business model worked and has been the foundation for our continued growth ever since. It reassures us that our Firm is recession proof and built to survive in the post-Covid economic environment.”
Kevin Broyles, Firm Founder and Managing Partner of FisherBroyles, added:
“Thrust into remote working, many law firms are struggling to adjust to the ‘new normal’. For FisherBroyles, remote working has been at the core of our Law Firm 2.0® model since inception. The firm has zero debt and has never had the expense of prime real estate or overhead associated with traditional law firms. This means economic risk is not passed on to our partners, making us an attractive alternative for partners looking to leave traditional law firms and join a firm that was built to survive, and thrive, in any economic environment.”
The expansion in London takes place at the same time as the Firm adds to its numbers in the USA and explores further global expansion into the Middle East and Asia. The Firm recently announced the appointment of eight new partners to its US team, the majority of which joined from Am Law 100 firms.