Latham & Watkins has reshuffled its global heads of banking, appointing recent Skadden Arps Slate Meagher & Flom recruit, Marc Hanrahan to one of the roles.
Hanrahan, a leading banking lawyer in the US, will become global co-head of the Latham’s banking practice group along with Chicago-based banking partner David Crumbaugh.
Hanrahan joined Latham earlier this year with former Skadden banking partners Ronan Wicks and Marcus Dougherty (The Lawyer, 15 March).
The two replace James Chesterman, a London-based banking partner and Chicago’s Donald Schwartz. Chesterman has held the post for two years but earlier this year joined Latham’s associate committee and is concentrating on the firm’s European strategy. While Schwartz has been in the role for 12 years.