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Weil Gotshal & Manges is losing the last of its UK project finance partners as the firm accelerates its drive into restructuring work
Bill Rubin, who moved to Weil Gotshal just 18 months ago, is due to join Cadwalader Wickersham & Taft. It has not been decided when Rubin will leave, but it is certain that he will take his main client and former employer, the European Bank of Reconstruction and Development (EBRD), to his new firm. Last year, the EBRD contributed around £500,000 to Weil Gotshal's overall London turnover of £40.9m. Rubin will work with Paul Biggs, Cadwalader's highly-rated head of European project finance. This latest defection follows that of Bruce Johnston, Weil Gotshal's only other project finance partner, who left three months ago to join LeBoeuf Lamb Greene & MacRae. Weil Gotshal decided to close the practice as it failed to fit into the core strategy. Restructuring has now become a focus for London and, under the direction of Chris Mallon, is advising on European aspects of the Enron, Global Crossing and WorldCom sagas.