Linklaters star private equity duo quit for White & Case after management showdown

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  • Just waiting to happen!

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  • Speaks volumes as to the culture of the new place.

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  • I bet they already have their CVs out there looking for their move after White & Case.

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  • I bet the White & Case banking department can hardly wait for the Dynamic Duo to arrive!

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  • Big salary rise for them at W&C, it seems. Links has a massive gap to fill.

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  • I hope Oliver Brettle knows what he's getting himself into here.

    He'll certainly have to earn his management dollars with these boys - they're a bit of a handful

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  • Was wondering why everyone seemed so happy at Linklaters today.

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  • The anti-climax to end all others. What a let down.

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  • "Anonymous | 17-Oct-2013 12:21 pm

    Big salary rise for them at W&C, it seems. Links has a massive gap to fill."

    Your surname is Bagshaw and I claim my £5.

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  • Can all the banking partners please get back to work now, you've got a bit of money to make!

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  • Huge swoop for W&C. Seems to me that it's not just about frictions with Links' finance group. All MC firms are facing the same issue on the PE front, which is limited access to US capital markets. In this respect, the few really strong US firms in London (W&C, L&W, Cleary, Weil...) offer a very attractive platform to those PE lawyers who are active in large-scale / cross-border deals with substantial US finance and capital markets requirements.

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  • Hull 4, Linklaters 0

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  • White & case are opening a hull office for these two? That is interesting....

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  • Looks like desperation on W&C's part. For all the cash they are doling out they had better start institutionalising the clients they are paying for immediatly (before a better offer lures the dynamic duo away).

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  • Very odd move, unless you factor in the fact that Latham, Weil, Simpson all would not take them. They were top of lock step at Links after their temper trantrums in 2010, so not much in it to move to low profitability W&C. Linklaters is better without them - they had minor practices and fed a lot of deals off the net work...

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  • Bobby - you have no idea how these things work. They will likely have doubled their money. What's not to like?

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  • That is a cracking deal for both sides. Transformational for W&C, putting them into Tier 1 overnight. For the boys no doubt a multiple of their 'meagre' L&P comp. win win. (MC you need to wake up to new comp models - life's too short).

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  • Rumour has it that Mayer Brown was also bidding for them

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  • D Smith is correct - Bobby is clearly utterly ignorant about how these things work. Top equity at W&C dwarfs the equivalent number at Links and will do so until such time as the latter give up lockstep/hell freezes over. Just to look at PEP, PPP, RPL or PPL misses the point in the absence of looking also at equity spreads and assorted other factors. This is one hell of a deal for all concerned - and yes I include W&C within that. Good to see that despite umpteen restructurings Links still their PR bods furiously spinning on here. Good luck to Richard and Ian.

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  • Gilbert is right on the money.

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  • Here’s the puzzle for Links: what they can do to keep hold of entrepreneurial lawyers? Bagshaw and Youle are the latest of five notable work originators to move on to pastures new in the past 12 months.
    And what effect does it have on the team? A number of lawyers in PE went there to work with Bagshaw and Youle as a growth practice with a clear future.

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  • That bland and poorly set yellow tie is very Clifford Chance-esque. Looks more like an extra on The Office than top of equity at Linklaters & Paines.

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