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The UK's premier insolvency set 3/4 South Square has signed up one of the best-known insolvency and restructuring lawyers in the US, Ronald DeKoven.
DeKoven retired from the Shearman & Sterling partnership in 2000, where he had led the leasing and bankruptcy practices, to pursue a number of business projects. His practice experience includes acting for the provisional liquidators of BCCI, the administrators of Barings and the Society of Lloyd's of London.
3/4 South Square has long held international ambitions, having recently pursued a marketing push into Europe, and is hoping that DeKoven will improve the set's exposure in the US.
For DeKoven, the opportunity to join a set of chambers was made especially attractive as it allows him to avoid getting conflicted out of major instructions. "If I'm in a particular firm, my ability to get involved in major matters is limited by conflicts, whereas all principal firms in London could consider instructing me [at 3-4 South Square]," he said.
DeKoven is relocating to the UK, and although he will practise full time, regulatory restrictions require him to join the set as an associate tenant.