Gowlings turns to Osborne Clarke to strengthen City restructuring team

Canadian firm Gowlings has made a double hire in its London restructuring team, with the move including the recruitment of former Osborne Clarke practice co-head David Wright.

Wright has joined the firm’s City base as a consultant alongside current Osborne Clarke restructuring partner Andrew Mace, who becomes a partner at the Canadian firm.

Wright moves from niche litigation, insolvency and restructuring firm dawLaw, which he set up in late summer this year after leaving Osborne Clarke, where he was a partner and restructuring, turnaround and insolvency (RTI) co-head alongside Nigel Boobier.

Meanwhile, Boobier has taken on the overall role as sole RTI head at Osborne Clarke following Wright’s departure.

Wright acted as UK agent for the US government on the Madoff scandal and advising creditors of MF Global UK.

Mace, meanwhile, advised Enron counterparties on set-off, valuation and close-out issues, and acted for the liquidators of Daewoo cars. He joined Osborne Clarke as a partner in 2010 from Kennedys, where he was a senior associate (15 March 2010).

The hire follows Gowlings’ recruitment of a four-partner London equity capital markets team from Cobbetts earlier this year (3 February 2012).

Toronto-based Gowlings restructuring partner Derrick Tay said in a statement: “In addition to extensive expertise in restructuring and insolvency matters, [Mace and Wright’s] experience in handling multi-jurisdictional mandates is a tremendous asset for our clients in the UK, Europe, Canada and the US.”

Wright added: “Both Andrew and I feel that the international R&I platform this move has afforded is second to none.”

Osborne Clarke’s Boobier said the firm would look for another partner for its restructuring and insolvency practice.