Linklaters’ now decade-long effort to carve a credible position in the private equity market has been dealt a serious blow as co-heads Ian Bagshaw and Richard Youle leave to join White & Case.
The long-term friends, having started their careers together at Eversheds, had to build the Magic Circle firm’s private equity practice largely from scratch after the departure of Graham White and Raymond McKeeve in 2006 for Kirkland & Ellis.