Wes Misson, global managing partner for the finance practice at Hogan Lovells Cadwalader, sums up how Charlotte, North Carolina, has changed over the last year: ‘It’s an interesting market we’re now in. It’s very frothy – people move all the time.’
The city, which is home to some of the US’s largest financial institutions, including Bank of America, saw a surge in activity towards the end of last year, when two firms opened within weeks of each other – Proskauer and Orrick, both of which launched with multi-partner hires from legacy Cadwalader.