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High-profile banking partners Maurice Allen and Mike Goetz have left Freshfields Bruckhaus Deringer just over a year after joining the magic circle firm.
Allen and Goetz joined Freshfields from US firm White & Case last March (17 March 2008). They were charged with helping the magic circle firm build up its banking practice.
One London banking partner said: “They’re natural entrepreneurs and used to controlling their own assets, and Freshfields isn’t a start-up.”
Last year The Lawyer reported that Allen and Goetz left White & Case due to a dispute with a management overhaul that left London without adequate representation on the global committee (11 March 2008).
Allen played crucial role in building a successful banking practice at White & Case, working for high profile global clients such as Deutsche Bank.
At this stage it is unclear what the pair’s next move will be. It is understood that Allen is on holiday in the Caribbean for the next two weeks. Goetz has spent today saying goodbye to colleagues at Freshfields’ London office.
An internal memo informed the Freshfields partnership of the departures this afternoon.