Revolving doors: private equity spree continues as Gibson Dunn hires buyout team from Vinson & Elkins

Revolving doors: private equity spree continues as Gibson Dunn hires buyout team from Vinson & Elkins

Continuing the private equity theme set by last week’s spate of hires, Gibson Dunn has appointed a trio of buyout partners from Vinson & Elkins in London.

Federico (Fede) Fruhbeck will serve as Gibson Dunn’s new head of private equity in Europe as well as co-chair of the projects and infrastructure practice group. He is joined by fellow partners Robert Dixon and Alice Brogi. Collectively, the new partners will focus on cross-border M&A, particularly infrastructure, ESG and real estate transactions for both private equity and corporate clients.

Revolving doors: Kirkland picks up Freshfields private equity stars again as seven partners depart pre-IPO Mishcon

Revolving doors: Kirkland picks up Freshfields private equity stars again as seven partners depart pre-IPO Mishcon

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.

‘Similar but different’: Osborne Clarke’s veteran senior partner Saul hands the baton to Clough

‘Similar but different’: Osborne Clarke’s veteran senior partner Saul hands the baton to Clough

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.

Revolving doors: Disputes dominate as Willkie and HFW make major London team hires

Revolving doors: Disputes dominate as Willkie and HFW make major London team hires

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.

Kirkland breaks own record again to make up 151 new partners and 19 in London

Kirkland breaks own record again to make up 151 new partners and 19 in London

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.

Dealwatch: Golden ticket for Skadden and Taylor Wessing as they lead on Netflix’s Roald Dahl acquisition

Dealwatch: Golden ticket for Skadden and Taylor Wessing as they lead on Netflix’s Roald Dahl acquisition

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.

Pinsents, Travers Smith and easyJet the big winners as Legal Business Awards returns to Grosvenor House

Pinsents, Travers Smith and easyJet the big winners as Legal Business Awards returns to Grosvenor House

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.

Revolving doors: Ashurst makes senior high yield hire from Shearman as WilmerHale sees double departure to G100 rivals

Revolving doors: Ashurst makes senior high yield hire from Shearman as WilmerHale sees double departure to G100 rivals

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.’

Rare blow for Cravath as Freshfields hires Zoubek to co-head Wall Street M&A team

Rare blow for Cravath as Freshfields hires Zoubek to co-head Wall Street M&A team

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.