Legal Business Blogs

Revolving doors: City lateral market’s big freeze means hires further afield

Lateral recruitment was largely left in the cold last week after a flurry of activity in late February, as London partner moves were nearly frozen out altogether.

In the City, Bristol-based LB100 firm TLT brought in Nick Pincott as a partner in its UK construction, infrastructure and projects team from Norton Rose Fulbright, where he was a partner in the firm’s energy projects group for more than a decade.

Pincott will support TLT’s energy and renewables team and has worked on more than 100 onshore and offshore wind farm projects in the UK, Europe, Canada and Taiwan. He also has construction expertise in ports, government accommodation, road and healthcare projects.

TLT construction, infrastructure and projects head Simon Goss commented: ‘As the UK and wider European energy markets mature and evolve, we are seeing increasing interest from overseas investors in renewables, especially from a construction point of view, and increasing opportunities to apply our extensive knowledge and experience to overseas projects.’ The firm recently completed a £58.5m mounted solar acquisition for NextEnergy Solar Holdings.

Pincott said he was attracted to TLT’s strong construction team and its experience in the renewable energy sector: ‘The renewable energy and sustainability market is a fast changing one and TLT is at the leading edge of this.’

Outside of London, Addleshaw Goddard made its seventh partner hire already in 2018, expanding its Leeds banking team with former Squire Patton Boggs partner Andrew Fordham.

Fordham has expertise in acquisition finance, real estate finance and general corporate banking, acting for both borrows and lenders. Addleshaw Goddard finance and projects division managing partner Amanda Gray said Fordham was a highly-respected finance partner who was an exciting addition to the business: ‘We are seeing a consistently high volume of mid-market deals through our close relationship with each of the UK clearing banks, as well as a range of other lenders.’

Further afield, Mayer Brown confirmed Friday (March 2) that it had hired former Kirkland & Ellis corporate partner James John Antonopoulos to its banking and finance practice.

Mayer Brown structured finance group co-leader Stuart Litwin said Antonopoulos had experience advising a range of clients on private and public issues of asset-backed securities, specifically in prime and subprime automobile and truck loans and leases, equipment loans and credit card receivables. Antonopoulos wanted to expand his practice using Mayer Brown’s platform and his own industry knowledge.

‘Jim is an experienced, commercially-minded lawyer with a strong profile in the market,’ Rebecca Eisner, partner-in-charge of Mayer Brown’s Chicago office, added.