Mishcon swoops for Olswang’s India chief

Olswang has lost the spearhead of its India practice to rival Mishcon de Reya.

Toby Greenbury, a former senior partner at Kendall Freeman forerunner DJ Freeman, joined Mishcon today (26 February) as director of international strategy and co-head of the firm’s India desk.

Greenbury said the initial international focus for Mishcon would be India, but that further growth elsewhere was a possibility. “I hope I’ll be able to play a role helping Mishcon at a critical time in its trajectory,” he said.

After joining the firm Greenbury helped build Olswang’s India practice when it acquired the majority of DJ Freeman in 2003.

The strategy bore fruit in 2005 when Olswang advised Great Eastern Energy on its AIM flotation, the first Indian company to list on the market. Greenbury was also instrumental in the £250m AIM fundraising by Trinity Capital, the first real estate fund focusing on India to access the market.

Olswang senior partner Mark Devereaux said the departure was entirely amicable and that Greenbury had done “an excellent job”.

Greenbury’s arrival at Mishcon will provide a considerable boost to the firm’s already established India desk. It has handled a number of high-profile deals, including the $45m (£23.04m) AIM global depository receipt issue for the Noida Toll Bridge Company, the first for a listed Indian company.

Greenbury, who joined Olswang as a partner, became a consultant at the firm on a fixed two-year deal in July 2005.