Allen & Overy (A&O) suffered another significant loss with the departure of litigation partner Marc Florent to Baker McKenzie. Florent is experienced in banking disputes, particularly in the wholesale and retail banking areas, asset management, funds and sponsors on cross-border matters. A&O also lost its head of fraud Mona Vaswani to US rival Milbank, Tweed, Hadley & McCloy.
Alston & Bird launched a City branch, hiring three partners for its UK finance and payments practices. Andrew Petersen joins from K&L Gates where he was head of the finance practice, alongside fellow finance partner James Spencer. The pair have worked together on real estate private equity, commercial mortgage-backed securities deals, restructuring, and debt and equity workouts. James Ashe-Taylor, former head of European antitrust at US boutique Constantine Cannon, also joins the new City office.