Morrison & Foerster (MoFo) has raided Lovells’ New York office for a two-partner restructuring team.
Lovells’ US restructuring head Gary Lee has joined MoFo with non-equity partner Karen Ostad.
Lee is an equity partner and one of the firm’s US rainmakers. He will be missed. His practice involves restructuring and insolvency matters, particularly those arising out of insurance companies.
The head of Mofo's bankruptcy and restructuring Larren Nashelsky said: "We're very excited to have Gary and Karen join us. We think they've got a fantastic practice."
MoFo has been on a hiring spree on both sides of the Atlantic in recent weeks. It has beefed up its London technology practice with the hire of Chris Coulter from Ashurst and hired two Freshfields Bruckhaus Deringer partners, who will launch MoFo’s structured finance practice in London.
MoFo also recruited a heavyweight four-partner litigation team from Mayer Brown Rowe and Maw comprising Dennis Orr, Thomas Mueller, Grant Esposito and Stefan Engelhardt.
The close-knit group had come to Mayer Brown from Shearman & Sterling in 1997. Engelhardt joined them in 2000.