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Stay or go? Heavyweight Ward abandons Paul Hastings move to remain at Ashurst

Banking partner Nigel Ward is to remain at Ashurst after it was announced earlier this month he was to make a move to Paul Hastings.

In a rare turnaround, Ward has chosen to stay with the firm’s finance team. The Legal 500 cites him as a leading individual with experience in recapitalisation, restructurings and IPO crossover financing.

Ashurst chairman Ben Tidswell said he was ‘delighted’ Ward had chosen to remain at the firm, adding the decision ‘reflects Nigel’s deep relationships across our strong international platform and the confidence we all have about the opportunities for the firm going forward’.

A spokesperson for Paul Hastings said: ‘For reasons that must remain confidential, regrettably Nigel Ward’s move to Paul Hastings could not proceed. We wish him well.’

Ashurst also announced today (27 September) it has appointed infrastructure partner Vincent Casey to its New York office from Nixon Peabody. Casey acts for a broad base of clients across the infrastructure market, including in the transport, water, social infrastructure, airport and renewable energy sectors. He joins former Allen & Overy (A&O) banking partner Andrew Fraiser, who was appointed in July to head up the team.

Fraiser commented: ‘As a firm that has infrastructure as a strategic priority for its global business, I believe that there is a unique opportunity for us to become New York’s leading firm covering infrastructure across the Americas.’

However, the revolving door continues to turn at the Anglo-Australian firm: another member of its US team, energy partner Charles William, is leaving the firm to launch his own boutique. Williams, who advises on all aspects of the development, financing, acquisition and disposal of energy and infrastructure projects, joined the firm’s New York office from A&O in 2013.