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Top insolvency partner Jeremy Goldring has quit Dibb Lupton Alsop to join the London office of City firm Baker & McKenzie.
Goldring says: "I think DLA is an extraordinary firm. But the offer I have received from Baker & McKenzie represents a wonderful opportunity to join an established global practice of quality and substance."
Dibbs has lost a number of senior lawyers over the past year. The latest departures include top insolvency partner Paul Gordon-Saker, who left Dibbs in May to head up rival City firm Stephenson Harwood's insolvency team. Insolvency partner John Alderton also quit to join rival Hammond Suddards.
Peter Cranston, Dibbs' head of insolvency, denies the departure is a blow to Dibbs, and says the firm is going from strength to strength.
He says four insolvency partners have been made up and two lateral hires, Nigel Montgomery and Philip Coates, have boosted the group since March.
A significant amount of Dibbs' insolvency work comes from Barclays. Cranston says: "We anticipate an increase in work."
Cranston says NatWest Bank, which sources say is currently looked after by Goldring, will remain a client with the firm.
Cranston says there are full-service insolvency practices in Leeds and Manchester, but the London and Leeds practices are the biggest, with around 20 lawyers in each office.
"The London part of the practice has increased its revenues at the end of the first quarter by 200 per cent," says Cranston.