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TCLA Vacation Scheme Applications Discussion Thread 2024-25
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<blockquote data-quote="Ram Sabaratnam" data-source="post: 206114" data-attributes="member: 36738"><p>Hiya [USER=37770]@Bbhu19[/USER]</p><p></p><p>Just wanted to jump in and add to what [USER=36777]@Andrei Radu[/USER] has already said. Completely agree, it's quite difficult to find much information about the firm. I've tried to put some research together based on a quick google search, and hoping the information below is helpful to you.</p><p></p><p><strong>1. Financials: </strong>I just looked through The Lawyer's most recent market report on US firms in the City (unfortunately paywalled), and it mentions that Katten’s London office has seen significant growth in recent years (both financially and in terms of its headcount). In 2023, revenue grew by 16.9%, reaching $23.8 million and thus up from $20.3 million the previous year. The firm’s global performance also looks quite good, as total revenue climbed by 5.2% to $781.6 million.</p><p></p><p><strong>2. Key Practice Areas:</strong> The Lawyer's market report also mentions that a major driver of Katten’s success in London has been its focus on transactional work, particularly advising U.S. financial services clients operating internationally. Transatlantic work has been a key growth area, now making up 37% of the firm’s UK revenue and this apparently went up from just 21% in 2021. You may want to look into the following transactional matters in which the London office was involved, which I've found through looking at their Legal 500 profile and the firm's website:</p><ul> <li data-xf-list-type="ul"><a href="https://www.legal500.com/rankings/ranking/c-london/corporate-and-commercial/ma-smaller-deals-10m-100m/50512-katten" target="_blank">Leonardo Hotel’s £65 million acquisition of the Grand Brighton Hotel</a></li> <li data-xf-list-type="ul"><a href="https://www.legal500.com/rankings/ranking/c-london/corporate-and-commercial/ma-smaller-deals-10m-100m/50512-katten" target="_blank">Authentic Brands Group on its takeover of Hunter Boot Limited</a></li> <li data-xf-list-type="ul"><a href="https://katten.com/katten-advises-areim-in-first-joint-venture-european-acquisition-with-vgp#:~:text=The%20joint%20venture%20focuses%20on%20investments%20in,asset%20value%2C%20investing%20exclusively%20in%20key%20European" target="_blank">Nordic fund manager Areim AB on a €1.5 billion logistics joint venture across the EU</a></li> <li data-xf-list-type="ul">They are currently advising the <a href="https://www.legal500.com/rankings/ranking/c-london/finance/corporate-restructuring-insolvency/50512-katten" target="_blank">liquidators of Lloyds Pharmacy following its insolvency</a></li> </ul><p><strong>3. Talent and Headcount Growth: </strong>The firm appears to be growing its London team to align with its U.S. headquarters. It recently made some pretty impressive hires in transactional areas, particularly in its funds practice. You can read about these <a href="https://katten.com/katten-expands-london-financial-service-offerings-with-trio-of-laterals-focused-on-investment-management" target="_blank">here</a>, but they include funds partners Ryan Hansen and Thomas Laurer, as well as tax planning partner Daniel Lewin, who all joined from Curtis, Mallet-Prevost, Colt & Mosle LLP.</p><p></p><p>This is just to help you get started on drafting answers to any application questions. Hope this helps and good luck with the application!</p></blockquote><p></p>
[QUOTE="Ram Sabaratnam, post: 206114, member: 36738"] Hiya [USER=37770]@Bbhu19[/USER] Just wanted to jump in and add to what [USER=36777]@Andrei Radu[/USER] has already said. Completely agree, it's quite difficult to find much information about the firm. I've tried to put some research together based on a quick google search, and hoping the information below is helpful to you. [B]1. Financials: [/B]I just looked through The Lawyer's most recent market report on US firms in the City (unfortunately paywalled), and it mentions that Katten’s London office has seen significant growth in recent years (both financially and in terms of its headcount). In 2023, revenue grew by 16.9%, reaching $23.8 million and thus up from $20.3 million the previous year. The firm’s global performance also looks quite good, as total revenue climbed by 5.2% to $781.6 million. [B]2. Key Practice Areas:[/B] The Lawyer's market report also mentions that a major driver of Katten’s success in London has been its focus on transactional work, particularly advising U.S. financial services clients operating internationally. Transatlantic work has been a key growth area, now making up 37% of the firm’s UK revenue and this apparently went up from just 21% in 2021. You may want to look into the following transactional matters in which the London office was involved, which I've found through looking at their Legal 500 profile and the firm's website: [LIST] [*][URL='https://www.legal500.com/rankings/ranking/c-london/corporate-and-commercial/ma-smaller-deals-10m-100m/50512-katten']Leonardo Hotel’s £65 million acquisition of the Grand Brighton Hotel[/URL] [*][URL='https://www.legal500.com/rankings/ranking/c-london/corporate-and-commercial/ma-smaller-deals-10m-100m/50512-katten']Authentic Brands Group on its takeover of Hunter Boot Limited[/URL] [*][URL='https://katten.com/katten-advises-areim-in-first-joint-venture-european-acquisition-with-vgp#:~:text=The%20joint%20venture%20focuses%20on%20investments%20in,asset%20value%2C%20investing%20exclusively%20in%20key%20European']Nordic fund manager Areim AB on a €1.5 billion logistics joint venture across the EU[/URL] [*]They are currently advising the [URL='https://www.legal500.com/rankings/ranking/c-london/finance/corporate-restructuring-insolvency/50512-katten']liquidators of Lloyds Pharmacy following its insolvency[/URL] [/LIST] [B]3. Talent and Headcount Growth: [/B]The firm appears to be growing its London team to align with its U.S. headquarters. It recently made some pretty impressive hires in transactional areas, particularly in its funds practice. You can read about these [URL='https://katten.com/katten-expands-london-financial-service-offerings-with-trio-of-laterals-focused-on-investment-management']here[/URL], but they include funds partners Ryan Hansen and Thomas Laurer, as well as tax planning partner Daniel Lewin, who all joined from Curtis, Mallet-Prevost, Colt & Mosle LLP. This is just to help you get started on drafting answers to any application questions. Hope this helps and good luck with the application! [/QUOTE]
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