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US law firms dominate buyout funds

As Ropes & Gray launches a UK funds practice, research shows there are now more top London funds lawyers working for US firms than for UK firms

US law firms are continuing their assault on the European private equity market, with the majority of top fund formation lawyers in London now working at US-headquarted firms, according to research by Financial News.

The news comes as another US firm, Ropes & Gray, announced it was launching a funds practice in London with the hire of White & Case partner Matthew Judd.

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