Milbank is going all guns blazing to beef up in the City. Today’s news that the New York heavyweight has hired Ashurst’s head of restructuring Nick Angel is a statement of intent (see story).
In an interview with The Lawyer over the summer, Stait told us that his reasons for joining Milbank were only partly about building a disputes practice to mirror what the firm has in the states.
It was also part of a long-term strategy to build a wide contentious practice with financial services clients – and restructuring – at its core.
Looks like he knew something we didn’t. At least then.
Angel’s hire should give wings to the firm’s ambitions of ramping up its restructuring practice in the City.