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This year, The Lawyer’s annual ranking of the largest UK law firms by turnover is available as an interactive, digital benchmarking tool. For the first time this will allow you to manipulate each data set against the metrics of your choice.
Allen & Overy has lost another partner to a US firm, this time seeing London-based corporate partner Michael McDonald defect to Cleary Gottlieb Steen & Hamilton.
The loss follows hot on the heels of banking partner Stephen Gillespie who resigned last week from the magic circle firm to join Kirkland & Ellis, as first revealed on www.thelawyer.com (27 April).
McDonald, whose experience includes M&A, private equity, joint venture and restructuring work, has close ties with private equity house Apax, Canada's second largest pension fund the Ontario Teachers Pension Plan and insurance group Royal & SunAlliance.
McDonald, who is a Canadian, handed in his resignation to A&O’s partnership last night (1 May), however, his departure date has not yet been agreed. He has been a partner with A&O since 2001.
Cleary Gottlieb managing partner Mark Walker said McDonald's hire was in line with the firm's strategy to bolster its London-based M&A capability.
Gillespie and McDonald are the latest in a series of high-profile partners to leave A&O for US firms. Last year sponsor finance partner Tony Keal joined Simpson Thacher & Bartlett and banking partner Clive Wells signed for Skadden Arps Slate Meagher & Flom.
Meanwhile, capital markets partners Julian Tucker and Angus Duncan left for Shearman & Sterling and Cadwalader respectively.