Jones Day and SullCrom turn to magic circle for Paris hires

Jones Day and Sullivan & Cromwell have joined the Paris recruitment bandwagon by picking up partners from Allen & Overy (A&O) and Freshfields Bruckhaus Deringer respectively.

A&O tax partner Siamak Mostafavi is joining Jones Day as a partner. He will be reunited with a colleague from his former firm Gide Loyrette Nouel, Alban Caillemer du Ferrage, who moved to Jones Day last year to launch a structured products practice (8 October 2012).

Mostafavi has been a partner at A&O since 1999, when he was part of a three-partner hire from Gide (15 December 1998). He is bringing an associate with him to Jones Day and will help develop the US firm’s finance practice both in France and globally.

His experience in the taxation of structured products and derivatives is expected to complement Caillmer du Ferrage’s growing practice.

Meanwhile Freshfields corporate partner Patrick Bonvarlet is joining Sullivan & Cromwell as senior counsel on Monday (30 September). He will jointly head up the firm’s corporate team in France, which was hit earlier this year by the departure of M&A star Dominique Bompoint to set up a boutique (27 February 2013).

Bonvarlet has advised on a range of high-profile transactions and restructurings, notably leading Freshfields’ advice on the Eurotunnel restructuring which completed in 2007 (5 February 2007). More recently, he acted for the French football club Olympique Lyonnais on the €405m (£340.5m) financing of their new stadium, the Stade des Lumières, and last year’s €1.3bn refinancing of EuroDisney.