Mayer Brown’s London office has lost three partners to US rivals White & Case and Vinson & Elkins.
Finance partners Jacqueline Evans and Lee Cullinane are leaving to join White & Case’s City office, while construction partner Nick Henchie is leaving to head Vinson & Elkins’ international construction practice.
Cullinane joined Mayer Brown from Clifford Chance, where he was a leveraged finance partner, in July last year (13 July 2009). Evans, who had been a partner at Allen & Overy for 16 years, joined Cullinane at Mayer Brown in October 2009.
At White & Case Cullinane will become London head of leveraged finance, with Magdalene Bayim-Adomako continuing as overall head of London banking.
“Jacqueline and Lee are excellent additions to our global banking practice, with the key qualities we want to offer our clients: technical excellence and commerciality, great client service and huge experience in complex transactions,” said White & Case global banking head Eric Berg.
White & Case also announced that on 1 January Rob Matthews will take over as head of the Western Europe, Middle East and Africa banking and capital markets team, replacing David Barwise, who is relocating to the firm’s Singapore office.
Meanwhile, Henchie has been with Mayer Brown since 1993 and made partner in 2003. He specialises in contentious and non-contentious work including contract advice, project structuring, procurement strategy, as well as arbitration work in relation to major engineering projects in Qatar, Jordan, UAE, Turkey and India.
Vinson & Elkins London-based international dispute resolution chair James Loftis, said: “We’ve seen solid growth in infrastructure development and complex and technical construction projects, and Nick fills key strategic and leadership roles for us, bringing real depth of experience to our construction and international dispute resolution practices.”
Readers' comments (17)
Roger Mabbutt | 17-Dec-2010 11:58 am
Anonymous - are you sure about that? Really do doubt that; I thought she was in the inner circle there with Stephen and Robin? Anyway, they must be re-thinking the whole thing since I believe a very senior guy was de-equitised and banged down to consultant but is now back riding high
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Anonymous | 17-Dec-2010 4:15 pm
The general consensus from the MB crowd is that the MB Finance partners were very naive in taking on Evans and Cullinane to set up a Lev Fin practice at a time when the market was essentially dead. The remaining Lev Fin "partners" are essentially nothing more than senior associates from other firms brought in as lateral partner hires with neither the experience or client base to generate further business. I imagine CVs are being hastily polished.
This is yet another misstep for MB Finance Management: they are haemorrhaging partners and associates at all levels (4 this week alone) and the talent has walked out the door in recent months. There's a serious chance the department could implode.
Someone needs to take hold of the reins, but it's unclear how the department's fortunes will be reversed in the short-term. I think you'll most likely see changes in MB management early next year.
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Anonymous | 19-Dec-2010 2:56 pm
Anonymous 4.15 pm "the talent has walked out the door in recent months" - precisely what talent? Two lev fin partners, who never closed a single deal in their short stay? No talent has left at partner level, and at associate level this year they lost two good senior associates to Lloyds and one mid-level star to the regulator. Sounds like you are disgruntled ex-MB.
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Anonymous | 21-Dec-2010 12:53 pm
Anonymous 2.56pm: Ex-MB? No. Disgruntled? Hardly! Thus wrong on both counts, I'm afraid.
And there *was* talent at MB, but the march out of the door for various reasons is undeniable (which you'll know from the number of leaving drinks you'll have been invited to this year).
MB are losing good people far quicker than they are replacing them. This is hardly a good plan for the development of a solid client base or a legal team to support them.
Thus my point is that the departure of Evans and Cullinane is indicative of wider strategic and management failures that need to be urgently addressed for the sake of the firm.
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Anonymous | 23-Dec-2010 9:22 pm
Anonymous 4.15 and 12.53 is clearly well informed and 2.56 you are a poor propagandist. Two IP partners, Nick Henchie - the big star in the Construction team, Evans and Cullinane - who were trumpeted in on their arrival, Elana Hahn, up and coming SF star to MOFO another two finance partners (min) to follow, the only FSRE partner, a star Cap Markets partner, a senior Tax Partner, six finance associates, seven Corporate associates and a senior Anti-trust rising partner as a six month headcount! Four senior Corporate partners handed in their notice in the last year and were given their price to stay. When the big cheese turns rat and heads for the lifeboat you have to wonder that the journalists are missing something here.....
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Anonymous | 5-Jan-2011 12:05 pm
Indeed, MB has been heaven for the opportunistic laterals during the economic downturn. Let's see how it will work in the long term.
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hardenedcynic | 11-Jan-2011 12:21 pm
Wake up guys. Evans and Cullinane were always going to move to a better platform when the markets stabilised, and the fact that they never closed a deal at MB is evidence of what a lousy platform MB is rather than a negative comment on them.
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