Clifford Chance real estate partner Richard Margree has quit the partnership, and the law, to take up a business opportunity with a client.
Margree, a partner in Clifford Chance's real estate funds and investment banking group, is joining LXB, the property investment and management group.
Margree first worked with LXB as an associate at Clifford Chance and was the relationship partner for the longstanding client. Margree became a partner in 2001.
Clifford Chance global head of real estate Cliff McAuley said LXB would remain a client of the firm.
"LXB has been a very significant client for us over the years and we fully expect it will continue to be," said McAuley. He added: "It's been a very good period to be a real estate lawyer [and] Richard has taken the opportunity to join a client in a business capacity, not as an in-house counsel."