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This year, The Lawyer’s annual ranking of the largest UK law firms by turnover is available as an interactive, digital benchmarking tool. For the first time this will allow you to manipulate each data set against the metrics of your choice.
Gillespie, one of the best-known leveraged finance lawyers of his generation, has been a senior figure within A&O’s banking practice and had been nominated as its strategy development partner following a management rejig two years ago.
Kirkland & Ellis partner Jim Learner said: “We’re very excited to have Stephen join us. He’s a tremendous talent and will help us expand our private equity practice, particularly on the acquisition finance side.”
Allen & Overy announced Gillespie’s resignation to partners this morning, but the terms of his exit have not yet been finalised.
Managing partner David Morley said: “Stephen has made a broad contribution to the finance practice and we wish him every success for the future.”
Gillespie declined to comment.
Gillespie is the latest in a series of high-profile finance partners to leave A&O for US firms. Last year sponsor finance partner Tony Keal joined Simpson Thacher & Bartlett and banking partner Clive Wells signed for Skadden Arps Slate Meagher & Flom. Meanwhile, capital markets partners Julian Tucker and Angus Duncan left for Shearman & Sterling and Cadwalader respectively.
Gillespie’s decision to join Kirkland & Ellis completes the US firm’s UK private equity offering. That UK practice was dramatically kickstarted last month by the hires of Graham White and Raymond McKeeve from Linklaters.