Mishcon de Reya has beefed up its private equity practice with the hire of Dundas & Wilson partner duo Simon Sale and Nadim Meer.
The corporate pair join Mishcon as partners in London together with senior associate Allison Keyse, who keeps the same role at the new firm. The team’s start date is unconfirmed as exit terms are still being negotiated.
Sale and Meer have worked together for 14 years, both joining Dundas from Squire Sanders legacy firm Hammonds in 2005. Sale moved to the Scottish firm as a partner, having been in Hammonds’ partnership for three years, while Meer was made up to partner in 2007.
They join current Mishcon private equity partners Kevin McCarthy and Andrew Rimmington.
Sale said in a statement: “Clearly it’s an exciting time for a private equity lawyer to be joining Mishcon de Reya’s corporate department. In concentrating on private capital the department has boldly differentiated itself from others in the market and we look forward to contributing to further growth and success in this area.”
Mishcon corporate head Nick Davis said: “As a department and in this economic environment, we’ve seen the world of financing and investment change dramatically. Investment is increasingly coming from private sources: from venture capitalists and private equity, high net worths, family offices as opposed to banks or capital markets.
“We’ve taken the decision to structure ourselves accordingly and, as a mid-size corporate department, to focus increasingly on serving the needs of clients within the arena of private capital and ventures.”
Sale’s departure from Dundas’s City base emerged in February amid news of multiple exits from the firm (7 February 2013).
Dundas managing partner Allan Wernham said in a statement: “We’ve been very clear over the last six months about our strategic direction, and for London that means a focus on playing to our strengths by investing in the areas we are best known for. Taking this approach will enable our corporate practice to play a key role in delivering our strategic ambitions for high-growth sectors across the London marketplace.”