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2 February 2011 | By Gavriel Hollander
31 March 2008
24 May 2004
22 November 2010
10 July 2006
29 November 2010
Freshfields Bruckhaus Deringer has lost its second big-name finance partner in the last three months with Presley Warner defecting to US firm Sullivan & Cromwell.
Warner has been one of Freshfields’ key Goldman Sachs relationship partners and went on secondment to the investment bank between 2008 and 2009.
His exit follows that of Chris Howard, who left the firm to rejoin Linklaters last November (22 November 2010).
Presley’s links with private equity sponsors will fill a perceived gap at Sullivan & Cromwell’s London office, where there is already a strong stable of partners advising buyout houses.
Presley, who joined Freshfields in 1995, has been a partner at the firm since 2000.
Stephen Pipes | 2-Feb-2011 12:04 pm
Presley Warner was already an impressve package. All he needs now is a crown and he will be a King.
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Trader Vic | 2-Feb-2011 3:40 pm
History is repeating itself. Freshfields aren't interested in investing in finance and their best people always leave to go somewhere they're appreciated. Chris Howard was a huge loss to them and Warner compounds it. It's time Freshfields took a long hard look at themselves.
Anonymous | 2-Feb-2011 3:48 pm
Doh. It's about the money. It's not about finance strategy. The profits at Sullivans dwarf even Freshfields. It's not like Warner's joining a firm where finance lawyers are 'appreciated', he's joining a firm where a partner is paid top dollar. End of.
Milton | 2-Feb-2011 5:59 pm
My sources within Freshfields tell me that this has barely rated a mention in the finance team today. There is apparantly a massive pool of talent in finance just below partner level. Not surprising for a place like Freshfields. They will bring them through and just keep powering on.
Vercingetorix | 3-Feb-2011 9:48 am
Milton, you are clearly Ted Burke and I therefore claim my £10
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