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Addleshaw Goddard’s Manchester real estate chief Mark Haywood is leaving the firm with two partners to launch an office for Nabarro in the city.
Haywood will be joined by commercial property partner Nathan Jansen and commercial real estate partner Monica Brij. Discussions regarding the trio’s departure and start dates are ongoing.
Nabarro senior partner Graham Stedman said the Manchester base would be a complementary hub to its Sheffield office and take advantage of the emerging high-end real estate market in the city.
Nabarro has already acted on significant deals for high profile clients in the real estate sector in Manchester including the recent £800m NOMA JV between The Co-op on which it advised longstanding client Hermes Real Estate.
The moves are the latest of a raft of high-profile departures for Addleshaw Goddard, including corporate managing partner Phillip Goodstone who left to join EY in March (27 March 2014), the firm’s Leeds planning and environment head Amanda Beresford who left to join Shulmans this month and real estate finance partner Andrew Besser who will join Olswang next month.
The news comes just days before Addleshaws is due to unveil its new managing partner after incumbent Paul Devitt stood down a year early (17 February 2014).
Partners have been given the choice of either former head of real estate Adrian Collins or business support and restructuring chief John Joyce becoming their next leader (4 April 2014).
A source close to the firm indicated that Joyce was the favourite although the vote is said to be ongoing at this stage.
A statement from Addleshaw Goddard said: “Mark is standing down as real estate division managing partner with immediate effect, a role which he has held for a year, and his successor will be appointed by our future managing partner.”
In the meantime, Addleshaw’s former real estate head Michael Reevey will run the team on an interim basis.
Nabarro recently opened in Dubai lead by its construction and engineering head Terry Fleet with a team of four partners and associates (21 November 2013).
It is also gearing up for its first managing partner elections in 15 years, three years after the board appointed incumbent Andrew Inkester in 2011 (13 May 2014).
In March Berwin Leighton Paisner (BLP) launch a cost-cutting outsourcing programme that would include the launch of a hub in Manchester (11 March 2014).
Meanwhile, Simmons & Simmons managing partner Jeremy Hoyland recently set his firm’s Bristol arm apart from other regional launches describing it as partner-led regional hub (12 May 2014), not unlike Nabarro’s three-partner launch.