
Paul Hastings
About
Paul Hastings
Paul Hastings is a top-tier US law firm with a large - and ever-growing - presence in London.
Founded in Los Angeles in 1951 as Paul Hastings Janofsky & Walker, the firm rebranded to Paul Hastings in 2011 and has since expanded aggressively across key global financial hubs.
The firm established its London presence in 1997, and has steadily strengthened its position in the financial centre ever since.
Today, Paul Hastings is considered a formidable American competitor in London - certainly one of the more ambitious US firms in the market - with a reputation that's rapidly growing in the UK thanks to a strategic lateral hiring and strong finance focus.
The firm operates with more than 1,000 lawyers globally, including around 140 fee-earners in London with around 50 partners. While not matching the London scale of US rivals like Kirkland & Ellis or Latham & Watkins, it has built a focused City operation that punches above its weight in key areas.
Since the 2010s, the firm’s strategy has been laser-focused: grab the best lateral talent from competitors and aim to dominate the most lucrative practice areas. And it's working - Paul Hastings has been steadily climbing the rankings for European leveraged finance and high-yield work.
The London office upgraded to new premises in the 100 Bishopsgate skyscraper in 2019, in a strong signal of the firm’s commitment to the City. At the same time, Paul Hastings has been expanding its training contract programme which is always a good sign.
In the UK market, Paul Hastings is best known for its leveraged finance and private equity work, where it regularly advises the biggest names in the financial world, from global investment banks to private equity giants. The firm is a go-to adviser for complex, cross-border financing transactions, regularly acting on billion-dollar deals that shape the market.
Beyond finance, Paul Hastings has a strong presence in M&A, infrastructure and financial crime.
Recent work highlights
Recent deal and industry highlights for Paul Hastings in London include:
Princes Group's £1.5bn IPO: In October 2025, Paul Hastings advised food group Princes Group on its planned £1.5 billion IPO on the London Stock Exchange.
Sale of Global Ports Business to BlackRock: In March 2025, Paul Hastings advised Hong Kong-based conglomerate CK Hutchison on the $22.8 billion sale of its global ports business to a consortium led by BlackRock. The mandate was a notable win for Paul Hastings, as CK Hutchison previously favoured Magic Circle firms like Freshfields and Linklaters on big-ticket deals.
$5.3bn Acquisition of Darktrace: Paul Hastings advised Goldman Sachs on the financing aspects of private equity firm Thoma Bravo’s high-profile $5.3 billion acquisition of UK-based AI cybersecurity company Darktrace in 2024. The financing package was reportedly worth up to $2 billion.
Recent coverage
What is Paul Hastings is known for?
Paul Hastings is a full service corporate law firm. In the UK market, it is best known for its expertise in the following areas:
Leveraged Finance
Paul Hastings has one of the City’s leading leveraged finance practices, with particular expertise advising on private equity-led leveraged buyouts (LBOs). The firm has a Band 2 ranking by Chambers for its lender advice on big-ticket financings, and a Band 2 ranking for its high-yield products practice.
Structured Finance
Paul Hastings has a strong securitisation practice. It’s also a go-to adviser on collateralised loan obligations (CLOs), advising arrangers and asset managers. Its CLO practice is ranked Band 1 by Chambers.
Investment Funds
Paul Hastings has a very strong funds practice, particularly private equity and private credit funds, advising on their formation and management. The credit funds practice is ranked in Band 2 by Chambers.
Financial performance

In 2025, Paul Hastings’ global revenue was $2.68 billion, according to figures reported by ALM / Law.com.
In 2025, its profit per equity partner (PEP) was $8.33 million.
London salaries
Here’s what Paul Hastings pays its London trainees and newly qualified (NQ) lawyers:
Who does Paul Hastings compete with?
In the London market, Paul Hastings goes head-to-head with the City’s other top-tier lender-side leveraged finance firms, including US rivals and Magic Circle names:
Trainee information
Other things to know
US-Style Compensation: The firm follows the classic American approach to pay - NQs earn £173,000, firmly in the upper tier of City compensation. But it comes with a tradeoff, American hours come with that American salary.