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Jones Day’s London office head Russell Carmedy is remaining tight-lipped about his next move after resigning from the US firm earlier today.
Carmedy and private equity partner Michael Nouril have both resigned from Jones Day’s partnership. Despite sources claiming since this morning that they are about to join the London office of US firm Proskauer Rose, Carmedy declined to comment when contacted by The Lawyer.
Carmedy became head of Jones Day’s London office in 2003 after successfully overseeing the firm’s merger with UK firm Gouldens, which he was managing partner of at the time (10 February 2003).
His practice has focused on cross-border mergers and acquisitions including private M&A transactions, public takeover bids and leveraged private equity deals.
Nouril has worked extensively on domestic and international private equity deals at the firm including leveraged and management buyouts, public to privates, strategic investments, growth capital and venture capital.
A source said it is likely that the pair could be about to join Proskauer, adding that there was talk earlier in the week that the firm was planning “something big”.
Another source connected with Proskauer agreed, adding: “They’re desperate to build their office in London at the moment.”
Proskauer’s London office has remained small since opening in 2007 with former O’Melveny & Myers’ chairman Matthew Hudson at the helm (6 September 2007).
Hudson has since left the firm, setting up a private equity boutique last year (19 July 2010).