Freshfields Bruckhaus Deringer is to punch a major hole in Ashurst’s European private equity practice with the City giant voting on a deal to take on a five-partner buyout team from Ashurst’s Paris arm.
This comes after the Ashurst team had already approached some US firms, including Dechert, within the last six months. Confirmation that Freshfields is to take on the group represents one of the most significant team hires between major City players for years and comes on the same day that Sidley Austin unveiled an audacious move to ship in a seven-partner private equity team from Kirkland & Ellis’s Munich office.
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