Dewey Ballantine has made a bid to resurrect its London office with the hire of capital markets specialist Joseph Marx from White & Case.
Marx, an international securities specialist, joins Dewey as a partner in the corporate finance team. He was an associate at White & Case where he had been since 1998.
Marx, who is dual qualified in Germany and the US, will divide his time between London and Frankfurt. He is not UK qualified, although his experience does includes a 12-month secondment to the London office of Merrill Lynch International in 2004 and three years in White & Case’s Frankfurt office.
Although the hire will be seen by Dewey as a positive move for its London office, it is questionable how far it will go towards quelling questions raised over the stability of the firm’s European network, following the exit of three of its London-based English partners to Berwin Leighton Paisner (BLP).
The January loss of corporate partners Mark Saunders and Adam Dann, who followed Jonathan Simpson to BLP, left Dewey’s London office with just two English partners.
At the time, Dewey’s London managing partner Fred Gander said recruiting UK-qualified partners was a priority for the firm.