Berwin Leighton Paisner (BLP) is adding to its leveraged finance capability with the hire of a partner from Osborne Clarke's London office.
John Hayward will also build on BLP's existing relationships with Barclays Bank, Royal Bank of Scotland and Bank of Scotland. "I've acted for those banks for many years, including before I joined Osborne Clarke," he said. "I believe that I'll continue to act for them going forward."
He added: "As part of the process of looking around, I spoke to my clients and they spoke very highly of BLP. It's very important for someone of my level to make sure that they will be happy with where I go."
Hayward joined Osborne Clarke three years ago to help build a London banking practice. He specialises in leveraged finance, property finance and general corporate banking. Since January 2002, 25 partners have left Osborne Clarke, many of them managed out as the firm battles with falling profits.
Hayward said: "I had a great three years at Osborne Clarke. I was disappointed not to have had the opportunity to build on the successes that had been achieved over those three years, but I wish the firm well."