Weekly Update – 9th of September 2024

Moves:

UK & Ireland

King & Spalding Broadens Finance Practice with London Funds Hires from Cadwalader

Carolyn Alford, co-leader of the firm’s finance and restructuring practice group said, “It’s not something we were doing before. It was a whole piece of the market that we really weren’t doing until this group joined us”.

Freshfields Disputes Partner, Ex-Quinn Emanuel Partner Jump to Eversheds

After just a year at Quinn Emanuel, where he co-led the firm’s U.K. competition practice with partner Kate Vernon, Lambros Kilaniotis has joined Eversheds. August 2022 marked his joining of the litigation powerhouse from RPC.

Sidley Duo Decamp to A&O Shearman in London

The private equity and M&A practices of A&O Shearman are welcoming Paul Dunbar and Dan Graham. Both individuals moved from Vinson & Elkins to Sidley Austin as partners in 2021.

Latham Taps Baker McKenzie for London Corporate Hire

Since 2017, Melanie Howard has been a partner in M&A at Baker McKenzie. She had spent ten years with Clifford Chance before. Howard is going to be a part of Latham’s fintech and healthcare industry divisions.

Am Law 100 Firm Builds in London with 2 Morgan Lewis Partners

Morgan Lewis & Bockius in London has sent two project finance partners to Hunton Andrews Kurth, an Am Law 100 firm. Seyfi Can Kandemir and Ayesha Waheed will be joining the global energy and infrastructure practice, with a focus on the thermal power, mining, renewable energy, infrastructure, and liquefied natural gas industries.

Weil Gotshal Expands UK Private Credit Team with Hire from Canadian Pension Investor

Senior director of law at PSP Nicola Noel was the executive director of Goldman Sachs’ Credit Finance Transaction Execution Group before founding PSP’s European credit legal unit.

DLA Piper hires Elizabeth Bradley as finance partner

Elizabeth Bradley has been named a partner in DLA Piper’s finance practice department, based in Dublin, effective January 2025. Ms. Bradley comes from the Maples Group, where she spent more than ten years as a partner in the banking and finance division of the company.

DLA Piper appoints new partner to its international Energy and Infrastructure Projects practice

Nikhil Markanday joins from King & Spalding and brings with him more than 20 years of expertise advising clients on significant infrastructure and energy projects throughout the EMEA area.

Orrick nabs competition partner from BCLP

Victoria Newbold was taken from Bryan Cave Leighton Paisner by Orrick Herrington & Sutcliffe, which relaunched the company’s London competition practice in front of the UK’s new digital markets law and increased scrutiny of artificial intelligence.

 

EMEA

Ashurst Hires Addleshaw Goddard Disputes Head in the Middle East

After serving as partner and head of commercial disputes Middle East at Addleshaw Goddard for three years, Shane Jury, whose practice focuses on complex commercial disputes and investigations, joins Ashurst in Dubai. He had previously worked with Clifford Chance, Minter Ellison, and Gibson Dunn & Crutcher.

August Debouzy Partner in Contention as Macron Seeks Next Prime Minster

One of the leading candidates to be the next prime minister of France is Bernard Cazeneuve, a former prime minister of France who is currently a white collar and compliance partner at the French law firm August Debouzy.

A&O Shearman Hires Ashurst’s Head of Restructuring for Italy

Paolo Manganelli previously was a partner at Paul Hastings, and earlier in his career managed the insolvency litigation for fraud-hit Parmalat when he was deputy head of litigation at the dairy and food company.

DLA Piper Launches German Delivery Centre, Taking Pinsent Masons Vario Co-Heads

Partners Carl Renner and Michael Zollner joined DLA at the beginning of September to oversee the operation, which will offer volume and repeat solutions combined with artificial intelligence (AI) technology. The centre, according to the firm, will free up primary fee earners to engage on higher value problems while the LDC is assigned more repetitive and administrative jobs.

Skadden Hires Prominent White-Collar Defence Partner in Paris

According to Skadden, clients who may have legal issues as a result of recent modifications to France’s white-collar criminal code may benefit from Emmanuel Marsigny’s experience.

Simmons banking partner joins Norton Rose in Dubai

Aditi Sanyal provides conventional and Islamic financing advice to financial institutions in the United Arab Emirates, Qatar, and Saudi Arabia.

Gowling WLG continues growth strategy in Germany with the addition of a new dispute resolution partner

With Nils Kupka, the international top 100 law firm Gowling WLG is bolstering its presence in Germany once more. The seasoned partner joins the firm’s Frankfurt office and bolsters the dispute resolution team as part of the firm’s European growth strategy.

 

APAC

MoFo Loses Four Asia Partners in a Week with Latest Duo Departure in Greater China

Partner Vivian Yiu will be joining Beijing-brd Jingtian & Gongcheng’s Hong Kong office. Ke Huang, a partner at MoFo in Shanghai, will follow suit and join the company in Hong Kong as a foreign-registered attorney.

Asia Pacific Moves: White & Case Launches Tokyo Disputes Offering, NRF Appoints New Cybersecurity Head, Regional Firms Expand Partner Benches

Haiwen & Partner, Cyril Amarchand, White & Case, Norton Rose and Dentons Rodyk have all hired new partners.

Boutique Australian M&A Firm Hires KPMG Partner

Laura Murphy also joins the company from KPMG as special counsel, and Cath Debreceny joins as a director in the Melbourne office.

Ashurst Hires Real Estate Partner from Australia’s Corrs

Several partners have recently left Corrs, including Alex Peace. A group of partners made a bulk leap to King & Wood Mallesons last month.

HSF Hires Tax Partner from Australian Firmv

As the company expands its tax advice skills, Herbert Smith Freehills has added tax partner Jay Prasad from Australian firm Allens. Prasad is a transaction tax specialist with experience assisting corporations, financial institutions, private equity, and other managed funds on a variety of tax-related concerns.

White & Case hires Orrick as a partner and creates a Tokyo disputes practice.

After almost 14 years at Orrick, where he oversaw the Tokyo office and served as the leader of the IP and complex litigation and conflict resolution groups in Tokyo, Shinsuke Yakura has joined White & Case.

BYJU’s GC rejoins SAM as corporate equity partner

In order to rejoin Shardul Amarchand Mangaldas & Co. as an equity partner in its Bengaluru-based business practice, Roshan Thomas resigned from his position at the ailing edtech unicorn BYJU’s.

Luthra grows corporate practice in Bengaluru with Poovayya partner hire

The corporate practice of Luthra and Luthra Law Offices has grown in Bengaluru with the addition of partner Arindam Basu from Poovayya & Co.

 

In house

Tegna Legal Chief Ousted Just 9 Months After Taking Post

Lauren Fisher’s resignation from her position as chief legal officer follows Tegna’s appointment of a new CEO.

Ex-Lucid, Tesla Legal Leader Joins Gene Therapy Startup with IPO Ambitions

Cellares, which claims to have created a manufacturing process that lowers the cost and expands the availability of cancer-fighting gene therapy, has appointed Jonathan Butler as general counsel.

In-House Moves of Month: FedEx, Target Pass the Torch

Following his declaration that he “found retirement boring,” former Geico legal head Seth Ingall rejoined the industry as chief legal officer of the Crash Champions chain of body shops.

Travel-Tech Giant Sabre Books Fourth Legal Chief in 3 Years

Sabre CLO Chadwick Ho lasted seven months, and Ann Bruder lasted sixteen.

Swiss Building Materials Giant Holcim Promotes Corporate In-House Lawyer to Replace Departing Group GC

Mathias Gaertner, the group’s top lawyer at the moment, will be replaced by Lukas Studer, general counsel for corporate and M&A at Holcim. Gaertner joined ABB Group as group legal chief.

US real estate group Amherst hires Lendlease Americas’ GC as legal head

Peter Campbell has taken over Gabriel Steffens’ position as general attorney at US real estate investing platform Amherst Group.

Luxury UK hotel estate Stoke Park hires first GC

Dipika Jaisinghani Aggarwal has been appointed as the first general counsel of Stoke Park, a 300-acre private sporting and luxury hotel estate in Stoke Poges, Buckinghamshire.

Panodil-maker Perrigo hires Haleon interim GC as legal head

Charles Atkinson has been named general counsel of consumer healthcare company Perrigo Company, taking over for interim general counsel Todd Kingma.

 

The Americas

Arnold & Porter Hires Longtime Mintz Attorney in Boston, Brown Rudnick Recruits Two D.C.-Based IP Partners

Arnold & Porter, a Washington, D.C.-based firm, has expanded its Boston office by hiring a seasoned attorney from Mintz, Levin, Cohn, Ferris, Glovsky and Popeo, and Brown Rudnick has added two lateral intellectual property partners to its D.C. office.

McDermott Adds Gibson Dunn Cyber and Privacy Co-Chair to White Collar Defense Practice

The company is hopeful that the combination of Alexander Southwell’s experience and the company’s dominant position in the healthcare industry will pay off.

Paul Hastings Adds M&A Partner from Goodwin, Readies for Deal Market Turnaround

Ian Engstrand wants to expand the company’s tech and venture capital business both domestically and abroad.

Weil Continues Private Equity Expansion with White & Case Hire

Luke Laumann follows another private equity hiring in California by joining the firm’s New York office.

Former AUSA Joins Keker, Van Nest & Peters

After serving as an associate for three years in the U.S. Department of Justice, Andrew Dawson has returned to the company.

People in the News—Sept. 3, 2024—Unruh Turner

Lauren A. Nehra has become a member of Unruh Turner Burke & Frees.

Freeman Mathis Hires Client Relations Director: Jones Walker Adds New Data Privacy Leader

Ronna Ruppelt is a new addition at Freeman Mathis. “Her decades of work in claims gives her a deep understanding of client needs in terms of best practices for processes and procedures,” said Ben Mathis, the managing partner.

Midsize Dallas firm Bell Nunnally Hires Baker McKenzie M&A Partner

The transactional team at Bell Nunnally & Martin has been “slammed” with work this year, according to managing partner Christopher Trowbridge, and the firm is growing its corporate M&A practice.

Paul Weiss Adds Fried Frank Partner as Head of Fund Finance Group

Funds partner Flora Go, who has extensive expertise working with private equity firms, has joined Paul, Weiss, Rifkind, Wharton & Garrison from Fried, Frank, Harris, Shriver & Jacobson. She will take over as leader of Paul Weiss’ fund financing division.

With Simpson Thacher Partner Add, Linklaters Ups US Playv

The hire comes after the firm’s addition of a six-person team from Shearman & Sterling at the start of the year.

Kirkland, Paul Weiss, Weil, McDermott and Other Top Firms Make Lateral Bonanza in NY

Big Law firms have announced at least 10 hires in New York, mostly partners, the day after Labor Day.

Mayer Brown Lands DOJ FCPA Assistant Chief

“I did reach a point where a lot of my cases were sort of wrapping up,” said Sonali Patel, “and it felt like a good time to see if there was the right opportunity in the private sector.”

Paul Hastings’ Vice Chair of Cap Markets and Securities Group Heads to Freshfields

Christopher DeCresce concentrates on the banking, fintech, and financial services industries.

People in the News—Sept. 4, 2024—Margolis Edelstein, Petrelli Previtera

Jacob Kratt has joined Margolis Edelstein as a new partner in the Philadelphia office of the company.

As Dechert Withdraws from Chicago, Shook Hardy Scoops Up White-Collar Leader

According to Andrew Boutros, he has long-standing connections with customers in the engineering, food and beverage, government contracting, and telecommunications sectors.

Haynes and Boone Expands Charlotte Team with First Trial Partner

In the process of the Dallas-founded firm growing its Charlotte, North Carolina, office, litigator Chelsea Corey of King & Spalding became a partner in the litigation section of Haynes and Boone.

Sheppard Mullin Hires Corporate Transactions Partner in Chicago

After working for McGuireWoods for more than five years, Thomas DeSplinter joins the company.

Faegre Drinker Snags Buchanan COO, Aims to Advance in AI Efforts

“At the moment, my ears are listening,” Nolan Kurtz remarked. “The best thing is to come in and actively listen to the partners, our lawyers, our consultants, our operations professionals and really learn from them.”

Winston & Strawn Adds Partner in Houston

Banee Pachuca has joined Winston & Strawn LLP as a partner in the Houston office. Banee joins the company as a member of the Transactions Department, specializing in the medical field.

On the Move and After Hours: Pashman Stein; Mandelbaum Barrett; Jones Jones; Volunteer Lawyers for Justice

In other news, Jones Jones elevates a supervising partner, Pashman Stein expands its ADR business, and former Superior Court Judge Thurber joins the firm.

People in the News—Sept. 6, 2024—Barley Snyder, Saxton & Stump

The American Bar Association Section of Intellectual Property Law (ABA-IPL) has selected Joseph R. Falcon III, a partner and intellectual property attorney, to leadership positions once more, according to a statement released by Barley Snyder.

Ex-Major, Lindsey & Africa Leader Joins CenterPeak, Formerly Johnson Downie and Lippman Jungers

CenterPeak now has a base in Washington, D.C. in addition to New York, California, and Texas thanks to Jeffrey Lowe.

Linklaters Ups US Play with Simpson Thacher Partner Hire

As the firm looks to establish a footprint in New York, Linklaters has added a restructuring partner from Simpson Thacher & Bartlett through a lateral hire made in the United States. In Linklaters’ New York office, Michael Torkin takes on the role of U.S. head of capital solutions for the company. He had previously worked at Sullivan & Cromwell and was a partner at Simpson Thacher since 2017.

Canada Gets a Post-Labour Day Hiring-a-Palooza

Former M&A and corporate partner Gordon Raman joined automation solutions supplier ATS Corp. as chief legal officer. Raman was previously with Borden Ladner Gervais and Fasken Martineau DuMoulin.

Partner Exits Newest Canadian IPH Group Firm for More Entrepreneurial Pastures

The strategy of Louis-Pierre Gravelle’s previous company, Bereskin & Parr, was, in his words, “ill-suited” to the kind of IP consultancy business he desired.

McCarthy Tétrault fortifies its transactional, Infrastructure, and Renewable Energy Expertise with New Partner Lévy Bazinet

Lévy Bazinet has joined McCarthy Tétrault as a partner in the business law group in Montréal. With more than 18 years of expertise in project development, asset management, and mergers & acquisitions in the infrastructure and renewable energy industries, Lévy is a seasoned negotiator.

Dentons Adds Litigation and Dispute Partner from Woods

Iona Jurca, who was previously at Montreal litigation boutique Woods, has more than 10 years of experience handling complex domestic and international litigation and arbitration matters.

 

Team Moves

With 13-Lawyer Team, Cozen Expands in Canada

Cozen O’Connor announced the addition of 13 new attorneys to its Vancouver office, significantly increasing its presence in Canada and advancing the firm closer to its objective of ranking among the top full-service firms in the nation.

Fourteen From Hunton Andrews Kurth Jump to Predecessor’s Spinoff Firm

Nine trial partners and five associates from Hunton Andrews Kurth joined Houston trial boutique on Tuesday, bringing many of their longstanding friends and former coworkers from the midsize firm back together.

Malaysia: RDS co-founder departs with team to launch cap marks boutique

A founding partner of the Malaysian legal firm Rosli Dahlan Saravana Partnership (RDS), Ong Eu Jin has left the company with ten attorneys, three of whom are partners, to form Ong Eu Jin Partnership, a boutique that focuses on mergers & acquisitions and capital markets.

 

Financials:

2024 GC Pay Report: Signing Bonuses Swell in Size as Companies Shy Away from Internal Hires

Legal department consultant Jason Winmill said, “If you have to throw millions of dollars at somebody before, they start work, and then they start work and it doesn’t work out, you are up the creek because you’ve paid them a lot of money,”. “Sunk costs are exactly that—sunk.”

Compliance Chiefs See Pay Surge as Regulatory Onslaught Buries Perception It’s a Backwater Role

“Companies have increasingly trended toward moving the compliance function to an independent organization, sitting as a peer to the legal function.” based on a report by Major, Lindsey & Africa.

Slaughter and May Fast-Tracks Pay Review to Match £150K NQ Benchmark

Slaughter and May has raised the remuneration of its recently qualified attorneys to £150,000, in line with other leading UK law firms. The company pushed forward its compensation review, which was supposed to take place in November.

Burges Salmon Unveils 46% Jump in Profit

The average equity partner profit climbed by 42% from £466,000 to £661,000, while the firm’s net profit improved by £34.6 million to £50.5 million. The 12-month total turnover increased by 27% to £163 million by April 2024.

Australian Legal Sector is Growing Strongly, Report Finds

According to Thomson Reuters and the Melbourne Law School’s 2024 Australia State of the Legal Market, demand for legal services increased by 7.5% in the 12 months leading up to June, while firm fees increased by 5%, marking the third consecutive year that rates had increased by 5% or more. As a result, fee income increased by 12.6%.

 

Promotions & Appointments:

Marshall Dennehey Appoints New Pittsburgh Managing Attorney

Current managing attorney Scott Dunlop, who will retire at the end of 2024 after serving in the capacity for thirty years, will be replaced by Stuart Sostmann.

Holland & Knight Hires Chief Business Development and Marketing Officer From EY

After working for the Big Four firm for more than 18 years, Patrick O’Connor most recently provided financial reputation advice to businesses.

Weil Recruits Longtime FTC Merger Enforcer

Leading government enforcer of transactions in the supermarket, retail, consumer products, and health care services sectors was Mark Seidman.

Latham Appoints New London Office Leadership

Corporate partner and previous global M&A co-chair Ed Barnett have taken over as Stephen Kensell’s replacement in the position.

Gov. Hochul to Appoint Wilmer Partner Brian Mahanna as Top Counsel

As Elizabeth Fine prepares to leave the governor’s office, Mahanna is expected to assume the top legal position.

2 Key Hires Plus 2 Promotions at Bridgeport’s Koskoff

The Bridgeport firm promotes new associates Skylar Albertson and Luke Reynolds and adds veteran attorneys Ryan Daugherty and Margaret Donovan.

DLA Piper Shuffles Leadership in Mexico City Office

M&A partner Mauricio Valdespino, who joined the company in 2022 from the local office of White & Case, will co-manage the office with Edgar Romo, a finance partner who has been with DLA Piper in Mexico since 2016.

Mason Hayes & Curran appoints Conor Lynch as new London partner

Mason Hayes & Curran, a business law firm, has named Conor Lynch a partner in its financial services division. Mr. Lynch will be headquartered in the company’s London office, where he will be instrumental in providing financial institutions and local and foreign banks with advice on a broad range of transactions.

 

Diversity & Inclusion:

ACLU, Selendy Gay Seek to Block South Carolina Law Banning Gender-Affirming Care

Three sections of a state law that forbids gender-affirming care are the subject of a preliminary and permanent injunction request made in federal court by attorneys for Selendy Gay, the American Civil Liberties Union, and the ACLU of South Carolina.

DEI Leadership: Unlocking Unique Value

Kimberly Hulsey writes, “DEI leaders lead the charge on workplace innovation that amplifies the contributions and progression of those in both underrepresented and overrepresented communities”.

 

Office Openings & Closing:

Winstead Launches in Nashville, Building on Real Estate Work in ‘Hot Market’

Winstead, an Am Law 200 firm, sought laterals with experience in construction and land use law, as well as litigation, when it opened in Nashville.

Reed Smith Will Close Beijing Office, Partner Duo to Relocate

The company closes its operations in China, joining a lengthy list of American law companies that have done so in the last 18 months.

McGlinchey Opens Third Florida Office in Tampa, Hopes to Tap Region’s Talent

Will Grimsley, managing member of the new office, “Tampa is a large, growing market that offers a broader range of practice areas that complement what we do across our footprint, but have not been doing in Florida.”

Tyson & Mendes Opens New Sacramento Office

Norma Pedroza Chavez, managing partner, comes from Sims, Lawrence & Broghammer to the office.

A&O Shearman to Cut Equity Partnership, Close in South Africa and End Consulting Division in Post-Merger Drive

The firm’s 800-strong partnership is impacted by the seismic changes, which were disclosed internally on Friday. It also coincides with the firm’s ten-year anniversary in Johannesburg.

Vinson & Elkins opens Dublin office with focus on aviation finance

The US legal firm Vinson & Elkins has opened an office in Dublin’s city centre as part of its expansion into Ireland. The expansion intends to improve the firm’s ability to service clients in the aviation sector and increases its global presence. The firm is based in New York.

 

Mergers & Alliances:

Four Law Firm Mergers That Could Make Sense

It can be challenging to find the ideal match in any relationship. When thinking about a legal merger, many elements come into play, such as competing egos, incompatible cultures, opposition to a takeover, and inevitably, disagreements overcompensation.

Jonathan Lupkin’s Litigation Boutique Combines with Rottenstreich Farley

Lupkin became the chair of Rottenstreich Farley’s commercial litigation practice after joining the firm.

Troutman Pepper, Locke Lord Secure Merger with Partner Vote

Troutman Pepper Locke will be the name of the merged company.

HSF Expects Another Strong 12 Months of M&A in Australia

The firm’s M&A research says that activity will be driven by lower U.S. interest rates.

 

Technology & Innovation:

New Revenue Streams: Transform unprofitable practices into thriving businesses

This article discusses how Gen AI can help lawyers to transform unprofitable practices into new revenue streams.

Lame Laptops, Batteries ‘About to Explode’: Midlevel Associates Angered by Lack of Tech Investment

One associate bemoans the fact that “working with tools like these is unbelievably difficult.”

How Australian Firm Allens Is Training Its Lawyers in the Use of Gen AI and Other Legal Tech

The Australian corporate legal company Allens has launched a training program aimed at equipping its staff and attorneys with the necessary knowledge and self-assurance to utilize the different technologies.

In-House Lawyers Weigh in on How AI Will Revolutionize Dispute Resolution

China is not new to using AI agents as online “robot judges.” Is it possible for that to occur here?

How One Firm Is Training Its Lawyers in the Use of Gen AI and Other Legal Tech

The Australian corporate legal company Allens has launched a training program aimed at equipping its staff and attorneys with the necessary knowledge and self-assurance to utilize the different technologies.

Singapore’s WongPartnership to Collaborate with Harvey, Integrate Gen AI Tools into Practice.

According to WongPartnership, the collaboration with Harvey will result in innovative AI solutions that boost productivity and save time for its attorneys.

 

Market Commentary:

Tensions Ripple Through Partnerships as Law Firm Culture Shifts to Bottom Line Focus

“When partners see their peers are being treated that way by leadership, it typically results in less loyalty across the board,” stated one recruiter regarding the effects of de-equitizations.

Alternatives to Restrictive Covenants in M&A Transactions

While restrictive covenants in the M&A context are not the main focus of this ban, given the lack of certainty in the current legal landscape and the potential hurdles to enforcement, buyers would be well-advised to find other ways to incentivize sellers not to compete with a target company after an M&A closing.

The Law Firm Disrupted: Firms Should ‘Partner’ With Newcomers in Legal Services, not ‘Stiff Arm’ Them

Hershey Company general counsel James Turoff offers insights from within the company on the quickly changing legal services industry.

Beyond Salary: Considerations for Law Students Selecting Their First Law Firm

Salary is undoubtedly a significant component, but this decision has effects that go beyond money.

Recession Fears Cloud Outlook for In-House Hiring

John Gilmore, co-founder of BarkerGilmore said, “It is too difficult for anyone to predict the outcome for the year, but we are optimistic that there will be a place for business-minded lawyers with high emotional intelligence.”

Associate Bonuses Build ‘Morale,’ but Does Management Have More Leverage Now?

Milbank’s chair said, “I’d be delighted if other firms wanted us to pay more than anyone else, but I don’t suspect that will be the case.”

Law Firm Leaders See Rapid Movement by Laterals as Red Flag

John Hall of Hall Booth Smith said, “I think the businesses have to pay attention and hire people that they think are going to be a good, long-term investment and pass on those who seem to be moving further on self- and short-term gain”.

Challenge for Lawyers as Regulators and Financing Delay Oil & Gas Deals in Africa

Local lawyers claim that delays in deal closings are negatively affecting the financial expectations of legal advisers and that it is becoming less and less likely for a law practice to be able to agree on fixed legal fees.

Greece Opens the Door to U.K. Lawyers Under New Law

Following Brexit, British attorneys were unable to register and practice law in Greece, which precluded them from providing legal advice in crucial industries including finance, insurance, and shipping.

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