Following two years of slim promotions, Travers Smith has promoted seven lawyers, over 10% of its existing partnership, to partner in a round that’s bigger than 2013 and 2014 combined.
The promotions, effective on 1 July 2015, make up lawyers specialising in private equity, corporate finance, pensions, investment funds and tax. The new promotions bring Travers’ partnership up to 74 and signal a serious investment after two promotions in 2014 and three in 2013.
With private equity duo William Yates and Adam Orr making partner, the firm has rebuilt its ranks after the exit of former private equity head Philip Sanderson to Ropes & Gray late last year. Yates has regularly advised key clients Lyceum Capital, Bridgepoint Development Capital, Silverfleet Capital and Intermediate Capital Group, on acquisitions and disposals while Orr recently teamed up with senior partner Chris Hale to advise the management of RAC in the £1bn sale of the roadside repair company by Aviva to a company backed by private equity house Carlyle.
Corporate finance lawyer Jon Reddington was also rewarded with partnership after a string of deals, including advising TV set-top box maker Pace on a £1.4bn takeover by US group Arris, as was investment funds lawyer William Normand after being instructed to handle Ranger Capital’s $200m IPO of an alternative lending trust.
Travers Smith’s senior partner, Chris Hale, said: ‘This year’s promotions demonstrate how we continue to invest across the firm, ensuring we have the right breadth and depth of capability to meet evolving client needs.’
The full list of Travers’ new partners comprises:
Jon Reddington, corporate finance
William Normand, investment funds
David James, pensions
Dan Naylor, pensions
William Yates, private equity
Adam Orr, private equity
Jessica Kemp, tax