Mishcon de Reya began life as Victor Mishcon & Co in 1937 above Barclays Bank on the Brixton Road. Its founder was Victor Mishcon – later Lord Mishcon. A significant figure in both law and politics, he was Labour home affairs spokesman in the House of Lords from 1983 to 1990 and shadow Lord Chancellor from 1990 to 1992. He also became the first practising solicitor to be made an honorary QC. The law firm has always been dominated by big personalities.
Mishcon de Reya began life as Victor Mishcon & Co in 1937 above Barclays Bank on the Brixton Road. Its founder was Victor Mishcon – later Lord Mishcon. A significant figure in both law and politics, he was Labour home affairs spokesman in the House of Lords from 1983 to 1990 and shadow Lord Chancellor from 1990 to 1992. He also became the first practising solicitor to be made an honorary QC.
The law firm has always been dominated by big personalities. As well as the founder himself, one of the other key figures in the firm’s history was Anthony Julius, who famously acted for Princess Diana during her divorce from Prince Charles. It was Julius who, through his work with Diana, came to be seen as the public and client face of the firm during the 1990s and was de facto managing partner, though he did not assume the title.
Despite the prominence that the royal divorce brought to the firm, the 1990s were not an entirely happy period. Lord Mishcon stood down as senior partner in 1992, four years after a merger with Bartletts de Reya. With the steady hand removed from the tiller, much-publicised rifts ensued. There was a lack of a natural successor. Julius wielded great influence, but was not universally popular and there were numerous partner departures and disputes.
The law firm’s management style was said to be ‘confrontational’. In 1992, it replaced its lockstep profit share with a guaranteed minimum draw of £100,000, with top-up supposedly based 100 per cent on merit to be decided by a remuneration committee. This led to disputes over who should get what.
Eventually, however, the big-billing head of corporate, Kevin Gold, emerged in the top role. He had joined as part of a team hire from Bayer Rosin in 1994, becoming managing partner three years later.
Under Gold, the firm began an astonishing push up the revenue charts. Mishcon de Reya had always been a well-known firm, but it was never a large one and it was better known for litigation and family than corporate work. It took time, but Gold changed that. The firm’s increased corporate profile did not come at the expense of its reputation in litigation. One high-profile instruction was on behalf of Gina Miller in the Article 50 Brexit challenge.
Mishcon de Reya’s first international office opened in New York in 2010 with the hire of a team of litigators; family lawyers followed in 2011. Mishcon de Reya’s American adventure was not entirely successful, however. In 2016 the firm was forced to scale back its New York office following partner losses and a downturn in profit.
The firm moved into digs on Red Lion Square in 2002 but has since outgrown it and relocated to Africa House in Holborn in 2015.
The firm briefly explored a potential IPO. This looked to be a fait accompli at one point but the idea was postponed and eventually quietly shelved.
