New York move beefs up Skadden’s London capital markets

Skadden Arps Slate Meagher & Flom is bolstering its London-based capital markets capability by relocating star partner Richard Muglia from New York.

Muglia is to re-join the London office on 1 June after five years in New York. The move is particularly a bid to bolster Skadden’s local Russian-focused capital markets team.

Educated in the US, Muglia first came to London to set up Skadden’s European capital markets business in the late 1990s, before returning to New York a few years later.

He specialises in public and private securities financings, with an emphasis on international and cross-border offerings, including privatisations.

The US firm has a growing Russian practice. Most notably it advised Chelsea FC owner Roman Abramovich, the majority shareholder of Sibneft, in the group’s $13.1bn (£7.4bn) sale to Russian natural gas company Gazprom last year.

Muglia’s relocation follows a string of hires by Skadden’s London office late last year, including Allen & Overy finance partner Clive Wells, Shearman & Sterling corporate rainmaker Adrian Knight and Clifford Chance tax partner James Anderson.