 Latham & Watkins Articles A growing number of leading US law firms are moving to shield European partners and associates from the prolonged slump in the dollar, it has emerged. Firms including Latham & Watkins and Orrick Herrington & Sutcliffe are reviewing provisions for partners in overseas offices, while several elite Wall Street firms have already moved to guarantee packages for UK-based associates.Both Latham and Orrick already have hedging provisions in place to offset currency risk but are now reviewing their models in a bid to remain competitive in Europe. Crucially, many firms claim the poor exchange rate has made lateral partner recruitment in the City much more difficult. 
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