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Stephenson Harwood is hiring partner Lisa Marks from Berwin Leighton Paisner (BLP), where she has been a partner in the finance practice since 2008.
Marks specialises in leasing and asset finance, and much of her work has a cross-border or project finance element. She has particular expertise in finance agreements for rolling stock, data centre equipment, medical equipment and aircraft, and the majority of her recent deals have been for banks and financial institutions.
She recently acted for the Royal Bank of Scotland in connection with the bank’s ownership and leasing of Voyager trains, and for Deutsche Bank in relation to the loan facilities to finance the construction of two data halls.
Mark Russell, finance head at Stephenson Harwood, said the hire would add to the firm’s strength in transport and asset finance.
A number of partners have left BLP this year, including tax partner Kevin Cummings who moved to BDO in January and environmental partner Andrew Waite who departed for Keystone Law in April (17 April 2013).
Last week, BLP confirmed it was to cut 58 legal staff, 44 secretarial staff, and a number of business services roles equivalent to 15 per cent of the department’s total salary costs (5 July 2013).
Neither Stephenson Harwood or BLP have yet released their financial results for 2012/13.