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Washington DC-based Crowell & Moring has hired Eversheds dispute resolution partners Gerallt Owen and Peter Kiernan after the pair's practice became divorced from the strategic direction of the firm.
Eversheds disputes duo quits for Crowell" /> Washington DC-based Crowell & Moring has hired Eversheds dispute resolution partners Gerallt Owen and Peter Kiernan after the pair's practice became divorced from the strategic direction of the firm.
Eversheds' financial crime chief Owen joins Crowell as its head of international regulatory and corporate crime, while tax investigations chief Kiernan enlists at the US firm as the head of international investigations.
Owen said: "We've made this transatlantic play because of the ever-increasing reach and impact of the US and UK regulators internationally and the move towards greater international cooperation of regulators generally.
"The move will enable us to offer fully integrated transatlantic advice to both corporations and individuals. The approach and focus of our work is no longer aligned with the strategic direction of the firm and for this reason a change is the best way forward for everyone."
Eversheds declined to comment on the strategic differences behind the move but head of litigation and dispute management Ian Gray said: "They go with our blessing and we wish them every success in the future as they establish new and different ventures elsewhere."
Crowell London chief Paul Finlan said recruiting the couple demonstrated the US firm's commitment to the UK market and the expansion of its London capabilities.
Finlan said: "We're thrilled to have Gez and Peter on board. It's a coup for Crowell & Moring's London office that we've attracted two highly regarded lawyers at the top of their fields."
Owen is a fraud and regulatory specialist, he has been an intervention agent for the Solicitors Regulation Authority and is a member of the disciplinary panel of the Academy of Experts. Kiernan was formerly deputy director and head of policy at the Serious Fraud Office. He has worked on many major fraud investigations, including the collapse of Barings Bank, Polly Peck International and Independent Insurance.