Ashurst’s Paris office rallies in wake of Forschbach departure” />Ashurst has fought back in Paris following the departures of Thomas Forschbach and his team, tying down finance partner Laurent Mabilat, who was at one stage set to join the rainmaker at Latham & Watkins.
The City firm will also send London private equity partner Simon Beddow out to Paris to shore up its office in the wake of the departures.
Forschbach took rising star Nathalie Alibert, but Ashurst still has three corporate-side private equity partners in Paris – Frederic Pinet, Betrand Delaunay and Guy Benda. It is expected that Beddow will work with them to steady the ship.
However, Forschbach’s key clients – Charterhouse, Chequers, Cinven, Goldman Sachs and Sagard – are likely to instruct him at Latham.
Sources at Ashurst say that in the longer term the firm intends to rebuild through lateral hires. One source claimed that the firm would use Forschbach’s departure to build a bigger mainstream M&A practice. The source claimed that it was too difficult to attract high-profile M&A hires while Forschbach was at the firm.
Ashurst declined to comment.