Jones Day raids Ropes & Gray for high yield partner Jonathan Bloom

Ropes & Gray high yield partner Jonathan Bloom has quit the firm to join Jones Day’s City base.

US-qualified Bloom is due to begin work at the firm on Wednesday (3 September). He specialises in corporate and finance transactions, with particular emphasis on high yield debt offerings. 

Bloom has been at Ropes & Gray since 2009, when he joined from White & Case to help launch the firm’s London office (26 October 2009). Weeks later he advised on Ropes’ first City mandate – the financing of Liberty Global’s €3.5bn (£3.12bn) acquisition of Unitymedia alongside current London managing partner Mike Goetz (16 November 2009).

He has more recently advised clients including GoldenTree Asset Management, BlackRock, KKR Asset Management and Vision Capital. 

Jones Day’s London office chief John Phillips said that the hire is a response to the firm’s clients seeking increasing assistance on high yield matters. 

He added: “High yield supports public and private M&A and restructuring, as well as debt capital markets. We’ve made advances in all those areas.” 

He refused to rule out making any further partner hires into the space, and said that Jones Day will “certainly be bringing in associate capability”. 

The move marks the second high-profile high yield partner move in weeks, following the hire of Weil Gotshal & Manges partner Gil Strauss by Simpson Thacher last month (21 August 2014). 

The news also comes a week after Ropes & Gray hired Travers Smith’s former private equity head Phil Sanderson, in a bid to bulk up its sponsor-side practice (27 August 2014).