Proskauer has appointed M&A partner Rebecca Villarreal from Kirkland & Ellis to its London office to boost the firm’s corporate credentials.
Villarreal is an experienced adviser to private investment funds, portfolio companies and management teams on transactions spanning the financial services, real estate, industrials and chemicals, technology and consumer sectors across Europe.
In a significant week of lateral partner recruitment for Squire Patton Boggs, the firm has added new teams in both London and Madrid.
In the City, the firm has hired partner Jonathan Lent from Gowling WLG. Previously co-head of Gowling’s real estate finance practice, Lent arrives at SPB alongside a director and two senior associates.
LB100 firm Stevens & Bolton has unveiled solid financial results for 2020/2021, marking 11 consecutive years of revenue growth.
In spite of the pandemic, the South East heavyweight has posted turnover of £29.1m, which represents a 2% increase on last year, while profit per equity partner in its all-equity partnership increased by 10% to hit £267,000.
A number of Global 100 firms have made key hires from each other internationally in a busy week for lateral recruitment.
Allen & Overy has strengthened its US leveraged finance practice by adding two new partners in New York. Gordon Mak and Stanimir Kostov have joined A&O as partners from White & Case, where they worked in its debt finance and private credit & direct lending practices, respectively. Mak was a partner at W&C, while Kostov was counsel. The announcement follows the recent hiring of A&O’s head of US leveraged finance Jake Mincemoyer, in February.
Ashurst has elected formidable M&A veteran Karen Davies to succeed Ben Tidswell as its global chair, making it the latest major law firm to elevate a senior female partner.
Davies, who is currently UK head of corporate and a member of the global board, will begin her four-year term as chair in August.
Kirkland & Ellis has nailed its European antitrust ambitions to the mast in the wake of the UK’s exit from the European Union to launch an office in Brussels.
Never normally one to be late to the party, the Chicago-bred giant has followed in the footsteps of several peers, many of which have operated a Belgian branch for decades, except notably Simpson Thacher, which in February opened up shop in the competition capital of Europe, to better serve its roster of heavyweight private equity clients.
There was a strong international flavour to this week’s round of lateral partner appointments, with firms making key hires in Europe, Asia and the USA.
Dechert has boosted its German private equity practice with the high-profile recruitment of ex-Allen & Overy partner Dominik Stühler in Munich. A corporate and securities partner, Stühler’s practice will see him focus on domestic and cross-border deals, both M&A and private equity. Among his notable mandates, he advised PAI Partners on the €1.4bn acquisition of Armacell Group from Blackstone.
After enduring a tumultuous pre-pandemic financial period, listed firm DWF has today (25 May) posted encouraging revenue growth matched by an ambitious double business acquisition.
The firm announced that it has acquired Devon-based compliance training business Zing 365 Holdings for £1.8m and also agreed to buy out Barnescraig & Associates, a Canadian insurance claims and loss adjusting business, for £2.2m. DWF predicts that the new service lines will add a healthy £3m of revenue and £500k of adjusted profit before tax in the next financial year.
As market activity continues to branch out into diverse sectors, some of the biggest deals have had an energy and infrastructure flavour recently, with KKR’s £2bn takeover of John Laing Group and SoftBank’s disposal of its renewables venture SB Energy India proving standouts.
US private equity investor KKR agreed to acquire listed infrastructure group John Laing in a deal which will also see investor Equitix jointly own John Laing’s existing asset portfolio.
Nathan Peart, managing director at Major, Lindsey & Africa, says firms must move with the times when it comes to arrangements for prospective parents
Parental leave continues to be a conversation at the forefront of law firm policy development, but it still has a long way to go to reflect the modern norm. As firms examine the changes in the way we work and develop policy that reflects local customs but still aligns with a firm’s ethos, it is also important to remember the people at the centre of this policy – prospective parents.