Cadwalader blames restructuring exits as London revenue drops 13%

Cadwalader, Wickersham & Taft‘s London revenue fell 13% to $43.1m from $49.6m last year, following the departure of a team of big-billing partners.

Managing partner Patrick Quinn attributed the decrease to headcount attrition, including a four-partner restructuring team that moved to Milbank, Tweed, Hadley & McCloy in early 2018.

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