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DLA Piper scores Paul Hastings property ace" />Paul Hastings Janofsky & Walker's London real estate practice has been left reeling following the defection of highly rated property partner Jeffrey Bailey to DLA Piper Rudnick Gray Cary.
Los Angeles-based Paul Hastings is considered one of the market leaders in property law in the US. But the loss of Bailey leaves the firm with just one real estate partner in London in Mark Eagan.
Bailey joins the London office of DLA Piper today (13 February) as counsel in the real estate practice, having spent his last day at Paul Hastings on 31 January.
The loss follows that of property finance star Nigel Heilpern in December, who moved to US rival Fried Frank Harris Shriver & Jacobson to launch the firm's London-based real estate capability.
Eagan, who is also managing partner of the London office, said the firm already has several lateral real estate hires in the pipeline. "I don't think we're going to have any difficulties, given the interest we've had already," he said.
Bailey was instrumental in developing Paul Hastings' London real estate capability, having joined from Linklaters (where he was head of European real estate when the firm was still Linklaters & Alliance) in May 2003.
Paul Hastings most notably scooped a lead role advising a Lehman Brothers-backed consortium, alongside Gibson Dunn & Crutcher, on its £1bn purchase of Inter-Continental Hotels Group's UK hotel portfolio last year.
Bailey's hire consolidates DLA Piper's recent aggressive expansion campaign. The firm also poached Paul Hastings' Paris head of IP and IT Patrick Boiron in December.