With echoes of David Higgins’ landmark $10m switch in 2017 , Freshfields Bruckhaus Deringer has lost two up-and-coming private equity rising stars to US rival Kirkland & Ellis.
Freshfields lifer Vincent Bergin, who was made partner last year, arrives at Kirkland with an impressive back catalogue of clients, including private equity shops EQT ) and CVC Capital Partners. The other hire is Keir MacLennan – promoted in 2019, MacLennan specialises in high-profile and complex mergers and acquisitions, carve-outs, take-privates and exits for both financial sponsors and corporates.
Having overseen a time of significant growth for Osborne Clarke, Andrew Saul (pictured) is making way for Peter Clough to take on the senior partner mantle.
OC announced today (Monday 11 October) that its partnership had elected Clough to take over the role for a four-year term on 1 January 2022, following on from Saul completing two terms.
In a headline week for the London disputes market, a three-partner antitrust litigation team from Quinn Emanuel’s market-leading practice has decamped to Willkie Farr & Gallagher.
The team is spearheaded by partner Boris Bronfentrinker, who notably led on the landmark £14bn Mastercard interchange fee Supreme Court case last December. He will be joined by fellow contentious competition partners Elaine Whiteford and Nicola Chesaites as well as a team of eight associates.
With the boldness the market has come to expect from the world’s highest-grossing law firm, Kirkland & Ellis has again broken its own partnership promotion record, making up 151 globally and 19 in London.
As with last year when the Chicago-bred giant outpaced itself with 145 global promotions and 16 in the City, the move continues an ascent that shows no signs of being thwarted by coronavirus concerns or any other.
Pundits on the apparently unceasingly bullish deal markets have become well-versed in pointing to sectors that have particularly been stoked by altered habits wrought by the coronavirus pandemic, with varying degrees of credibility. Nevertheless, scrolling through the mass of deals announced in the past week or so, one in particular stands out as indubitably part of that trend – the acquisition by Netflix of The Roald Dahl Story Company Limited – which manages the literary works, copyrights and trade marks of the internationally renowned author.
Indeed, the rationale (and value) of the transaction is plain to see in a world where complaints of having run out of things to watch on the now-ubiquitous television and film streaming giant has become a common refrain among peers and clients alike.
Pinsent Masons, Travers Smith and easyJet were among the major winners at the 2021 Legal Business Awards, which returned as a live event following the pandemic, bringing together 600 guests in Covid-safe conditions at the Grosvenor House hotel last night (30 September).
Hosted by prominent political figure William Hague, the evening saw Pinsents crowned Law Firm of the Year for a third time, with judges impressed by the firm’s desire to match strong financial performance with its commitment to ESG principles, client handling and innovation.
Please see below for a link to an online pdf of GC Powerlist United Kingdom 2021:
GC Powerlist United Kingdom 2021 complete pdf link
Group general counsel and chief risk and governance officer
Senior vice president, head of legal services UKIEEMEA
Amid another hefty round of parner recruitment, Ashurst has made a senior hire in London, bringing in Jacques McChesney as a partner from Shearman & Sterling to boost its high yield practice. Prior to Shearman, McChesney was a partner at Latham & Watkins.
McChesney advises clients on restructurings, debt tender/consent solicitations and private placements in multiple jurisdictions across Europe. ‘Jacques is an exceptional practitioner with a great breadth of experience,’ said Anna-Marie Slot, Ashurst’s global head of high yield. ‘Our practice continues to focus on advising on first-of-a-kind and complex deals for clients to capitalise on the high yield opportunities across EMEA. Adding Jacques’ significant expertise and established reputation is an important next step in further building our offering.’
Freshfields Bruckhaus Deringer has hired Cravath M&A partner Damien Zoubek to co-head its New York corporate practice alongside Ethan Klinsberg, a coup that is sure to make waves on both sides of the Atlantic.
The move is yet another indicator to the market that the Magic Circle firm has finally outgrown its reputation for patchy investment in its all-important US corporate offering, lending further kudos to global managing partner Alan Mason’s substantive efforts to bolster the US practice.
In an unusual display of forward planning for a City leader, Slaughter and May has already earmarked Roland Turnill (pictured) to succeed Steve Cooke as senior partner when he steps down from the role on 1 May 2024.
The announcement today (28 September) came within a week of the news that respected litigator Deborah Finkler had been elected as Slaughters’ first managing partner as of 1 May 2022, following the planned retirement of practice partner David Wittmann and executive partner Paul Stacey.