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Bingham McCutchen has ramped up its New York restructuring team, snaring Schulte Roth & Zabel partner.
Jeffrey Sabin has joined the New York office to co-lead the firm’s global restructuring team along with London partner James Roome, New York partner Michael Reilly and Tokyo partner Hideyuki Sakai.
Reilly said: “We have a very strong team in London and the firm has an excellent presence in New York. What we need to do is build up critical mass. New York is a crucial financial centre and having significant restructuring capabilities here is important.”
As part of the firm’s focus on building New York, Reilly and partner Ed Smith both transferred to the New York office from Hartford, Connecticut and Boston, Massachusetts respectively.
Bingham chairman Jay Zimmerman said: “Bingham’s financial restructuring practice is recognised as an innovative leader in representing creditors in restructurings and insolvencies globally, and Jeff’s arrival is simply a perfect fit both in New York and internationally.”
Bingham has pledged to build its restructuring team internationally. As part of the global strategy, the firm transferred New York partner Mark Fucci and counsel Lisa Valentovish to the Tokyo office.
Bingham’s London managing partner, James Roome, said: “They have moved there with the sole purpose of kick-starting the Asian practice.
“New York and Asia are crucial for our global strategy. While we will still hire opportunistically in London, these offices are in very much in a growth phase.”
Bingham global restructuring co-head, Michael Reilly, added: “The transatlantic connection is very important to us and we want to ensure our international group is well positioned. Asia is a real target, with developing Hong Kong and Japan a core focus for us.”
Last year the firm merged with two Japanese firms, Tokyo International Law Office in June and New Tokyo International in October.
Roome said: “This has been in the making for a few years now and we have been working on bulking up in key jurisdictions in restructuring.”