Andrew Forryan has been elected the new head of Clifford Chance’s London capital markets practice from next January.
He follows David Bickerton, who became London managing partner earlier this month after a contested election.
Forryan has been a partner at Clifford Chance since 1997 and specialises in capital markets, with an emphasis on the financing and securitisation of real estate, whole businesses and loan receivables and, more recently, restructurings and work-outs of those asset classes.
Forryan said: “We have been able, over the past couple of years, to retain a very strong capability, working on counter-cyclical transactions and deals flowing from the credit crisis and the closure of certain markets. These range from insolvencies and restructurings, rights issues, recapitalisations and central bank liquidity schemes.
“As the capital markets emerge blinking into this new world, we are extremely well placed to capitalise on the opportunities that will arise.”
Clifford Chance’s London capital markets practice has over 150 lawyers, including 27 partners.