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Herbert Smith senior associate Malcolm Hitching moved over from Norton Rose in November 2003 and has since become a key part of the firm’s drive to build its finance division.
With just six years’ post-qualification experience behind him, Hitching has been instrumental in helping Herbert Smith strengthen its relationships with Royal Bank of Scotland (RBS) and Société Générale (SocGen).
Last November Hitching led the team advising RBS’s leveraged finance deal on a successful funding package for Cygnet Healthcare. The instruction was a coup for Herbert Smith because Ashurst and Clifford Chance were considered the natural choices for RBS on leveraged finance deals.
Hitching led the Herbert Smith team advising the leveraged finance teams at SocGen on a e215m (£148.6m) funding package for Luxembourg-based mobile telecommunications company MACH Sarl. Hitching won the work because, while at Norton Rose, he advised SocGen, together with the Bank of Ireland and WestLB, on the management buyout of MACH Sarl in November 2002.