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Clayton Utz has lost another member of its finance group. Partner Mathew Allchurch has become the fourth senior lawyer to leave the Australian firm this year.
Allens Arthur banking and finance executive partner Jim Dunstan said: "In recent months we've focused on attracting more UK lawyers into our Australian team and not making lateral partner hires. But we knew Mathew well from his work on the other side of the deal table and the opportunity to have a partner of his quality join our team was too good to pass up." Dunstan added: "One of the key practice areas that Allens Arthur will focus on with Slaughter and May in developing our best friends relationship in Asia is securitisation, and Mathew will be an integral part of that strategy." Allchurch's departure follows close behind those of former Clayton Utz finance partners Andrew Trahair, Grant Fuzi and Patrick St John. Brian Salter, managing partner of the financial services department at Clayton Utz, played down the ramifications of recent departures. He said: "Unlike Grant and Patrick, he comes out of our structured capital markets team. That team has doubled in size in the last six months." There are four partners left in the structured capital markets team.