Legal Business

Linklaters’ private equity ambitions dealt a blow by departures

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.

Youle, who joined the firm in 2001 from SJ Berwin (becoming a partner in 2006), and Bagshaw, who moved across from Clifford Chance in 2007, are credited with building a dedicated team of lawyers whose buyout expertise is supplemented by strong banking, restructuring and high-yield capabilities.