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Completing the set: Morgan Lewis takes another two partners from K&L Gates in City structured finance push

Morgan, Lewis & Bockius has recruited two further partners from K&L Gates, adding to the three already to have made the move in July, as the US firm builds its City securitisation offering.

Structured finance partner Theresa Kradjian and corporate tax partner Paul Beausang will join the firm’s London office structured finance team as law firms position themselves ahead of an expected revival of the securitisation markets.

The duo join recently recruited finance partner trio – Matthew Duncan, Julian Goodman and Paul Matthews – also from K&L Gates, taking a five-partner team to make the move so far this summer. The expanded structured finance team will allow the firm to add to its offering in the US, Asia and Europe.

Previously, Kradjian, Duncan and Matthews joined K&L Gates in 2007 in a three-partner hire from Sidley Austin, as K&L boosted its City finance practice. The loss of the five-partner team now leaves a significant hole in the firm’s offering.

Morgan Lewis structured transactions practice leader Reed Auerbach said: ‘It has been our experience that recruiting teams who have practiced together for many years is the most successful way to assist our clients with their increasingly sophisticated global needs. Theresa Kradjian and Paul Beausang bring unique expertise and added depth to our structured transactions team in London and across the firm.’

Kradjian has experience of mortgage-backed and asset-backed securitization and structured finance deals. She also focuses on commercial paper, CLOs, and covered bond transactions.

Beausang has advised clients on corporate tax issues with a particular emphasis on structured finance transactions, big ticket indirect real estate projects, and public/private development partnerships.

In addition, last month [July] Morgan Lewis added DLA Piper’s London head of funds Gawain Hughes. 

‘London is a key area of focus for our clients and our firm,’ said Morgan Lewis Chair Jami McKeon. ‘Our new partners bring to our clients a depth of knowledge and comprehensive experience that complements our market-leading practice in the US.’