Addleshaw Goddard has continued to hire into its London banking practice with the recent addition of a former DLA Piper partner.
The leveraged finance partner John Cutler has joined the team with a remit to broaden the firm’s relationships with major banks.
His client list at DLA Piper included the likes of Bank of Scotland and Lloyds TSB.
David Handy, a senior partner in the banking division at Addleshaws, said that the hire was part of a three-pronged programme “to develop business in London, broaden relationships [with existing clients]” as well as a belief that “leveraged finance will return, [although] perhaps not to the peak it was at a couple of years ago”.
This comes after the firm brought on board Dominic O’Brien from Herbert Smith and Claire Denison from White & Case to the London banking department.
However, Handy was keen to point out that the firm is not emphasising London over other offices.
“The last three hires in banking have been in London [because] the opportunities have arisen in London,” he said. “Our market position in London is not quite as well-established [as in Manchester and Leeds].”