Barlow Lyde & Gilbert (BLG) is attempting to relaunch its struggling non-contentious practice with the hire of Taylor Wessing corporate partner Richard Pike.
Pike, who will join BLG on 22 October as a partner, is a crucial and a significant hire for BLG which has been dealt several big blows over the last few months within its transactional practice areas.
This summer the firm lost the equivalent of one partner a month with big hitters including financial services regulatory chief Chris Warren-Smith and Singapore boss David Johnston jumping ship.
Pike, who is UK and France qualified, aims to continue to build on his corporate transactional practice, which spans M&A, private equity, venture capital as well as capital restructuring and refinancing.
Richard Dedman, BLG’s senior partner, said that Pike is the latest in a string of significant hires for the firm in the last year.
“Richard joins recent appointments Jon Yorke, James Parker, and Andrew Giverin. Richard’s arrival expands and complements our corporate offering to clients,” said Dedman.
The news comes just days after BLG suffered a massive blow on its contentious side with the loss of its commercial litigation head Clare Canning who has defected to US firm Mayer Brown (The Lawyer, 1 October).