Berwin Leighton Paisner (BLP) has ramped up its securitisation practice with the high-profile hires of top-rated real estate securitisation lawyer Paul Severs and Lovells partner Tamara Box.
Severs had spent the past two years as European general counsel of Financial Guarantee Insurance Company. He had previously been based in Clifford Chance's Tokyo operation from late 2000, and was described by former colleagues as "undoubtedly a market leader in property securitisation".
The loss of Box is another blow for Lovells' London securisation team, which last October suffered the loss of Brian Karne, who left the firm to join SJ Berwin.
BLP's latest hires follow that of Linklaters senior securitisation associate Tom Church, who was made a partner earlier this year. They will join the banking and capital markets team, which is part of the firm's finance practice.
BLP has increased its securitisation workload in the past year, including instructions on the single largest sterling issue of AAA-rated commercial mortgage-backed securities (CMBSs) for The Mall Fund.
BLP head of finance Simon Allan said: "We're building a securitisation team with real strength and expertise and these appointments demonstrate our commitment to the area.
"Tamara's experience at the cutting edge of securitisation will enable us to attract a wider range of clients and broadens the work that we're able to advise on, while Paul's expertise in real estate securitisation is a perfect match with BLP's traditional strength in that sector.
"These recruitments underline the rapid growth of the finance team as a whole. We now offer clients leading practitioners in a range of key practice areas, as well as real strength in depth."