Houston firm Bracewell & Giuliani has appointed Herbert Smith Freehills’ (HSF) finance partner Jason Fox as senior partner in its London office.
Fox’s hire follows the firm’s earlier appointment of Simmons & Simmons energy specialist Julian Nichol as office managing partner earlier this year (15 January 2013), along with HSF associate Alastair Young, who joined Bracewell as a partner.
The appointment is a further boost to Bracewell’s energy practice ambitions. Fox focuses on oil and gas financing and has advised on over 100 upstream oil and gas transactions, representing banks, other lenders and independent energy companies across Europe, Africa and Asia. Deals have included acting for a syndicate of 25 banks on a $2.5bn reserve based financing for Lundin Petroleum and a group of lenders on a $36bn financing for Tullow Oil.
Nichol said: “The London office has a very focused approach to the London market. We’re an energy-focused practice in London and we’re playing off Bracewell’s key strengths in the US. Jason is certainly in my view the market leader in oil and gas finance law. He’s central to what we’re doing in London; he fits right at the heart of what Bracewell as a firm is renowned for.”
Fox’s appointment will be followed by further hires at both partner and associate level, Nichol added.
The date on which Fox will start work at Bracewell is still to be confirmed.
For more on Bracewell’s ambitions for London, see this week’s feature and our exclusive video interview with former New York mayor and name partner Rudy Giuliani.
Readers' comments (4)
Jerry | 5-Mar-2013 6:29 pm
A real coup for Bracewell but more to the point, when will Herbies stop leaking partners? Good luck to the Aussies at Freehills trying to rescue Herbies from years of dire management and arrogance.
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Anonymous | 6-Mar-2013 11:23 am
Well done to Bracewell. Jason is the best in the market when it comes to oil and gas financings and having worked opposite him, I am sure he will be a great hire. Big loss for Herbies finance practice, a practice that Jason had much to do with establishing in the first place.
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Anonymous | 6-Mar-2013 3:24 pm
Herbies seems to be falling apart. They've now lost a stream of high profile partners - surely not part of the "merger plan"
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Anonymous | 7-Mar-2013 9:49 am
"Good luck to the Aussies at Freehills trying to rescue Herbies from years of dire management and arrogance." True perhaps but, given the post merger decline in the value of Asutralian commodity exports on the back of weaker commodity prices and the subsequent fall in the Aussie dollar, the Freehills partners (all 200 of them) may well want to keep a low profile. For now. The lesson here is that diversification, particularly if it forces you to put a disproportionate number of eggs in one basket, is not always the answer.
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