The past week has seen a number of moves between Global 100 players in Europe, as well as some significant hires in Asia and the UK.
McDermott Will & Emery has hired antitrust partner Frédéric Pradelles from Latham & Watkins in Paris. He is recognised for his strength in French and European competition law and regularly advises major French and international companies active in the banking/finance, services, transport, media, hospitality and information technology sectors on issues relating to abuse of dominance, cartels and distribution.
Making partner is a huge step up for any lawyer and it’s one that can have a major impact on your earning profile. Here, Private Banker Emily Bernstein and Financial Planning Lead Simon Bashorun from Investec talk about the unique challenges they could help you overcome.
Stephenson Harwood has made a significant addition to its restructuring practice, hiring former Allen & Overy partner Tim Crocker in London. A non-contentious finance expert who left A&O last year, Crocker has over 20 years’ experience advising clients on complex debt restructurings and insolvencies.
Tammy Samuel, head of finance at Stephenson Harwood, said Crocker’s hire was in line with an expected uptick in restructuring as governments gradually remove pandemic state support. She commented: ‘For many businesses, the coming months and years will be crunch time, when they need to critically assess the changes they might need to make in order to ensure their long-term success. That’s where the experience and understanding of specialists like Tim will really come into its own, and why R&I – on both the contentious and non-contentious sides – is something we’re actively looking to grow at the firm.’
While it could hardly be said to have slowed down over summer, the deal market has nevertheless ramped up since the beginning of September with easyJet’s £1.2bn rights issue and Caesars’ £2.2bn disposal of William Hill’s international business among the more high-profile recent transactions.
Latham & Watkins and Linklaters won lead roles as 888 Holdings agreed to acquire the international business – the non-US assets – of William Hill at an enterprise value of £2.2bn.
Headlining a hectic week of partner recruitment, Shoosmiths has landed in-house veteran and former Telefónica UK general counsel Ed Smith as a commercial partner.
It marks a return to private practice 20 years after leaving Freshfields Bruckhaus Deringer for Smith (pictured), who will link up with Shoosmiths in October. A well-respected in-house leader, Smith left the telecoms giant in July just as the £31bn merger between parent company 02 and Virgin Media was being finalised.
Evangelos Apostolou of the EMEA and Asia-Pacific In-House Counsel group at Major, Lindsey & Africa discusses why demand for ESG-ready in-house talent will continue to grow.
For many, the environmental, social and governance (ESG) movement, which is estimated to move past $50trn of assets globally by 2025, represents a generational opportunity to use the power of capital markets to transform the world. Perhaps even to save it. However, for others, ESG proponents naively confuse philanthropy with the fiduciary duty to maximise return on investment.
Research from the Bridge Group found that among ten leading City law firms 53% of partners attended independent schools and that those from lower socio-economic backgrounds took a year and a half longer on average to make partner. In addition, Covid-19 has revealed and compounded existing inequalities in wealth, race, gender, age, education and geographical location.
Three Travers Smith partners reflect on their experiences of social mobility and offer advice to aspiring solicitors.
It was a significant week of expansion for Sidley as it made a trio of eye-catching partner hires in London. Private equity partners Dan Graham and Paul Dunbar and finance partner Emilie Stewart have all joined from Vinson & Elkins, marking a serious investment in the City.
Graham focuses on advising private equity funds on wide range of transactions while Dunbar’s practice spans private equity M&A, real estate private equity, distressed asset transactions and non-performing loan acquisitions. Meanwhile, Stewart concentrates on cross-border financing deals, also with a focus on real estate private equity.
In a more muted round of lateral partner recruitment as August draws to a close, Dechert, King & Spalding and Dentons have all strengthened their global benches while boutique firm Avonhurst has hired a London disputes veteran.
Dechert has significantly expanded its San Francisco operations by making two lateral partner hires and relocating two further partners from its US offices.
In a week of significant international expansion, Withers has added four lateral partners to its global benches while Curtis, Mallet-Prevost, Colt & Mosle has founded a new Saudi Arabia base.
Two of the new Withers partners are US-based: Samantha Klein joins as a partner from Wasser, Cooperman & Mandles to launch a new family law practice in Los Angeles. She is recognised as one of the top family lawyers in LA, typically advising high-net-worth and high-profile clients in the sports and entertainment industries.