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McDermott Will & Emery has lost its head of pensions and incentives, Danny Tsang, to the London office of Kirkpatrick & Lockhart Preston Gates Ellis (K&L Gates).
Tsang, whose practice focuses on all areas of pensions, employee incentives and stock options, is joining Kirkpatrick in February to launch a UK pensions team at the US firm. He is McDermott’s sole pensions partner.
Associates Louise Waldron and Comron Rowe will also leave McDermotts with Tsang, leaving the firm with no dedicated pensions capability.
McDermott’s London managing partner David Dalgarno told The Lawyer that the firm would continue to handle transactions-related pensions matters.
Dalgarno said: “It is true we will have no lawyers who only do pensions [after the three lawyers’ departure] but we are pretty well covered for the kind of work we do.
"Several lawyers, including myself and Alastair Wilson, handle pensions and benefits matters generally. But we are going to recruit.”
Tsang said: "It was the vision of K&L that did it for me. In particular the merger with Preston Gates & Ellis showed it was a fast-growing firm."