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In The Lawyer’s search for stars of the energy market one name came up over and over again - Gareth Price.
Allen & Overy’s (A&O) global co-head of energy has been a name for sometime but his work advising Japan’s Hitachi on its £696m purchase of Britain’s Horizon nuclear project from a joint venture between German companies E.ON and REW in October 2012 was as high profile as deals come.
And Price has recently acquired some new responsibilities, pushing his stock ever higher.
In May 2012, Price was selected to replace Anne Baldock as head of projects at A&O.
There is no doubt that Price has inherited an already top-tier practice, but the other side of that coin is that he emerged from a frighteningly tough field of competition as the best candidate. There is also no doubt that Price’s new role is significant. A&O has established itself as a leader among the globe-trotting elite and the firm’s future depends on it getting a foot in the door in emerging markets by helping developing countries exploit their mineral wealth.
In short, Price is the man at the vanguard of a firm beating its own path.
Since Price has been head of the practice, A&O has made some impressive hires to its New York office, such as Freshfields Bruckhaus Deringer partner Kent Rowey, but there is more to come. And lest we forget, Price, who has been with A&O since he was a trainee, still has his day job looking after key clients such as Dong Energy, GDF Suez and Hitachi. Some day job.