Dechert" />Weil Gotshal & Manges has lost two corporate and securities partners to Dechert in a rejig of the corporate team following the trophy hire of Lovells partner Marco Compagnoni.
Corporate partner Graham Defries and capital markets partner Wayne Rapozo handed in their resignations at Weil last Friday (12 May) and are expected to start at Dechert this week.
It is understood that Dechert expects the hires to bolster its private equity funding, capital markets and AIM expertise.
Sources within Weil say the losses are part of a "refocusing" of the London office following the high-profile hire of Compagnoni's private equity team from Lovells in February.
Compagnoni, who regularly acts for Terra Firma, HG Capital and 3i, officially started at Weil this month, along with partner Jonathan Wood and consultant Alison Hampton, also from Lovells.
The rejig at Weil follows a similar shake-up at Kirkland & Ellis's London office following a string of high-profile hires. London managing partner Stuart Mills will retire from the firm in September, while corporate partner Nigel Dunmore has already departed.
Defries joined Weil from Bird & Bird in 2001, while US-qualified Rapozo moved from Skadden Arps Slate Meagher & Flom in 2000.