Australian law firm Freehills has ramped up its financial capability by taking on highly rated Blake Dawson Waldron asset finance partner Mark Breheny
Breheny will join Freehills' Melbourne office next week as part of its national banking and finance team. Breheny has spent the last 18 years as a partner at Blakes, with some impressive clients in his asset-based and project finance practice, including ANZ Bank and Macquarie Bank. Freehills national head of banking and finance Philip Taylor is hopeful that the banks will follow Breheny. Taylor believes that the future looks rosy for law firms serving Australia's financial institutions and is looking to further bolster his team. "There's increasing complexity in financing transactions, including the involvement of offshore financial institutions," he commented. "Despite global economic uncertainty, we believe there's a robust outlook for Australia, particularly for debt raising." Trevor Danos, the national practice leader at Blakes' financial services group, said: "After a long, successful career with Blakes, Mark has decided to move to a new challenge. Mark is a fine lawyer and leaves with Blakes' best wishes." Blakes has no current plans to replace Breheny with a lateral hire.