US firm Cadwalader, Wickersham & Taft has made a key hire to its global capital markets practice with Ashurst partner David Quirolo, as the New York-headquartered firm continues its efforts to rebuild its London finance team.
Quirolo is listed as a leading individual in securitisation in the Legal 500 and focuses primarily on collateralised loan obligations (CLOs) and other securitisation and repackaging transactions involving various asset types in both the US and Europe. He also advises arrangers and collateral managers, issuers, originators and investors in a variety of structured finance transactions. Prior to joining Ashurst in 2004, he spent eight years in the New York and London offices of Cadwalader.
Cadwalader has been driven in its efforts to rebuild its structured finance group, after seven partners left to join Paul Hastings back in 2009. It recruited Latham & Watkins partner Holly Neavill and Richards Kibbe & Orbe partner Louisa Watt to its restructuring team in May 2013, while former Linklaters partner Yushan Ng, a high profile restructuring specialist, departed from the magic circle firm for Cadwalader in 2012.
Other hires brought into the London team in the last 18 months includes former Mayer Brown finance and banking practice head Bruce Bloomingdale who joined the 435-lawyer firm last September alongside Chicago banking and finance partner Jeremiah Wagner, who had been on secondment to Mayer Brown’s London office.
On Quirolo’s appointment, London managing partner Gregory Petrick said: ‘David’s return to Cadwalader is an important further expansion of the firm’s global market leading structured finance practice. We continue to execute on our strategy of growing our London office by recruiting top tier talent and practicing in areas of the Firm’s core strategic strengths. We are very pleased to have David back with us.’
‘Our strategy is to attract market-leading practitioners, like David, who can offer our clients legal solutions that are informed by an in-depth market perspective,” added Stu Goldstein, co-chair of the global capital markets practice group.
For more on structured debt markets, click here to see Legal Business’ analysis.