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Bingham McCutchen has scored a significant hire for its financial restructuring practice with the appointment of Essex Court Chambers barrister Sue Prevezer QC.
Prevezer, who joins Bingham's London office this month, will work in the firm's financial restructuring group to advise financial institutions on their strategies following defaults and on litigation issues.
She has been leading counsel for the Boston-headquartered firm on several cases while at the bar, including the House of Lords case for the €150m (£101.45m) bondholders of Polish company Elektrim.
James Roome, co-head of Bingham's financial restructuring practice and managing partner of the London office, said the experience Prevezer brings to the firm will be invaluable.
"In the last year there has been a significant rise in new restructurings and we anticipate an even busier period ahead," added Roome.
On Prevezer's move to Bingham, David Grief, senior clerk at Essex Court, said it was an opportunity the silk simply could not turn down.
"This is a fast-growing area of work, but not much of it is litigious, therefore it doesn't often come to the bar," explained Grief. "Sue enjoys working in this area and wanted to continue doing so, leading to her taking up this opportunity."
Prevezer said: "After seven years as a silk, I was looking for an opportunity to work more closely with clients in developing litigation strategies and to be involved in the out-of-court financial restructurings that have replaced traditional formal insolvency procedures in large multinational cases."
The news comes just weeks after Bingham's financial services and litigation partner Neil Micklethwaite announced his departure from the firm to launch a litigation and human rights boutique (www.thelawyer.com, 8 August).