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Last week The Lawyer revealed that the two were in advanced negotiations with the magic circle firm following a period of intense wrangling within White & Case over strategic issues. White & Case internally announced their departures last Tuesday (11 March).
Freshfields' hires of Allen and Goetz represent a concerted push into lender-facing work by the magic circle firm, which has traditionally lagged behind Allen & Overy, Clifford Chance and Linklaters on banking work. The duo's key relationships include Deutsche Bank and Morgan Stanley.
Freshfields' finance group in London has witnessed a series of departures at partner level over the past year - notably of David Ereira and Brian Gray, who both left for Linklaters.