BLP loses second partner in a week after Kaye Scholer raid

Kaye Scholer has made its second raid on Berwin Leighton Paisner’s (BLP) investment management practice, taking partner Simon Firth.

Firth, who joins the London office of the New York-based firm from Monday, will be reunited with Tim Spangler, who quit BLP in October 2006 to head Kaye Scholer’s global investment funds practice.

Firth will head the firm’s domestic UK funds practice. His hire brings the London office headcount to 10.

It’s the second lateral hire in a week for Kaye Scholer, which yesterday (3 January) hired Financial Services Authority senior lawyer Owen Watkins as a consultant. Watkins had been with the FSA for 15 years.

London managing partner Guilherme Brafman said growing the investment funds practice was core to the office’s strategic growth.

“Simon’s arrival will be a valuable addition to our team and provide us with a dedicated UK funds offering that few US firms can match,” Brafman said in a statement.

Firth advises UK and international fund managers on structuring and marketing investment funds and on related UK and EU regulation. He also has US investment advisor regulation experience.