Allen & Overy has swooped on Norton Rose to hire highly rated projects specialist and former Amsterdam managing partner Arent van Wassenaer.
The appointment comes just a few weeks after The Lawyer revealed A&O is to slash the number of equity points awarded to its London-based project finance partners in a bid to keep the practice competitive (23 January).
Van Wassenaer, who was critical in founding Norton Rose’s Dutch office, will join A&O’s international projects department in its Amsterdam office.
He had been a partner at Norton Rose since joining in March 2002, and acted as head of the Amsterdam office until standing down from the role last year. He was also listed in The Lawyer’s Hot 100 in 2003.
An A&O spokesman said the hire demonstrated the firm’s commitment to the projects practice.
Amsterdam senior partner Sietze Hepkema said: “Van Wassenaer joining A&O fits perfectly into our strategy of being a number one player in all industry sectors in which we are active.”
Van Wassenaer has more than 20 years experience in construction, projects and real estate, specialising in domestic and cross-border construction.
He has acted for a significant number of leading international contractors, investors and other financial institutions on PPP and other large construction projects, large-scale project development and real estate transactions.