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BRISTOL-based TLT Solicitors has hired the sole dedicated corporate restructuring and insolvency partner at local rival Burges Salmon.
Peter Carney will join TLT as a partner on 1 October. He is understood to be leaving Burges Salmon with just a single assistant, Richard Clark, holding the insolvency fort.
However, Burges Salmon managing partner Guy Stobart played down the loss.
“We have lots of other people who do work in this area, though Peter’s been the only partner acting as its face. We are putting together our thinking for what life after Peter should be like.”
Carney’s hire follows that of Denton Wilde Sapte (DWS) insolvency solicitor James Forsyth, who joined TLT’s London office as a partner last October (The Lawyer, 23 October 2006).
Partner Philip May, head of TLT’s insolvency and turnaround team, said: “Over 30 per cent of this firm’s turnover is generated by financial services work, primarily for the lender. Peter’s a non-contentious lawyer and we have a very strong contentious practice already, so this will add into our noncontentious strategy.”
Carney will balance the firm’s banking offering in Bristol with that of the London office, which focuses on banking and finance. It was launched in April 2005 via a merger with £3m banking boutique Lawrence Jones (The Lawyer, 11 April 2005).