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“That’s life,” sang that great legal analyst Frank Sinatra once upon a time. “You’re riding high in April, shot down in May.”
Sadly we’ll never know whether or not Ol’ Blue Eyes was crooning about the predicament in which Milbank Tweed Hadley & McCloy’s London litigation team currently finds itself.
But having brought in top-notch litigator Julian Stait from DLA Piper to lead its assault on the UK’s contentious practice market, the last thing it would have expected was to see another partner half-inched by fellow American raider Arnold & Porter (see story).
Back in June 2009 (see story), the firm was beating its chest about a “long-term strategy” to build the firm’s English law base. Well, that might be true, but losing its entire IP capability, led by David Perkins, may not have been part of the plan.
Having left behind the beehive of DLA Piper to build a smaller swarm at his new home, Stait might be finding it lonely as the only litigation partner left at Milbank’s City headquarters.
But Milbank has never been a firm to rush itself on the recruitment front.
And if Stait is now to build his own team of crack litigators he can at least claim (not in a shy way) that he did it his way.
In The Lawyer on Monday: the bar’s longest-serving clerk; top ten cases of 2010; and insolvent football clubs.