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LINKLATERS & Paines has brought in a second solely US-qualified partner only months after announcing plans to take on up to a dozen American
finance lawyers by the close of 1995.
The London-based firm has signed Peter Ruhlin, a former senior associate in New York practice Millbank, Tweed, Hadley & McCloy.
Ruhlin, who had been with Millbanks for seven years, is a graduate of Boston College Law School. He started in Linklaters' New York office on 8 May and will transfer to
the Hong Kong practice later on this year.
His recruitment follows the recent appointments of former SEC commissioner Edward Fleischman as a full-time consultant in New York and Sullivan & Cromwell lawyer Stephen Thierbach, who took partnership at Linklaters in London in February.
Linklaters last year advised on more than 950 securities issues in countries across the globe. It has been known for some time that the firm is looking to build a strong US law team, but head of the firm's international section Terence Kyle has always maintained that the practice will not compete with US firms across the board or on the domestic front.
"We have to wait and see how the initiative develops," he says. "But, we would not seek to compete across the board until we have the necessary resources to be able to provide the proper service to our clients."
Kyle, who steps down from his post on 1 June to become managing partner, says the firm will establish "US lawyer units" in its three main offices in London, New York and Asia. He says another American partner is expected to be
recruited to New York in the coming months.
"We have two or three associates at the moment who we are in discussions with," he says. "Obviously with Peter having become a partner earlier this month, he and the other US lawyers can play a part in looking for the assistants they want."
Kyle says Ruhlin has an "excellent reputation" and extensive experience and knowledge of US securities law and practice. When we were looking at US lawyers we were looking for certain qualities and Peter seemed to us to possess those.
"He's a very good technical lawyer and he knows US securities law very well," he says.
"He's energetic and most importantly in terms of personality and strategy he seemed to be right.
"His role will be to help us develop further our US securities law capability and thereby enhance our international practice, especially in the Asia Pacific region."