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Mayer Brown has ramped up its London partnership in the last two weeks with the hire of four lateral partners, with Berwin Leighton Paisner (BLP) banking and finance partner Richard Todd the latest to join the firm.
Todd, a former director at Lloyds Banking Group (LBG) and an ex-Mayer Brown securitisation lawyer, will join the firm’s banking and finance department with new recruit David O’Connor, a senior associate at Allen & Overy (A&O) and an ex-banker for Deutsche Bank. Both will join Mayer Brown’s partnership within the next few months.
According to sources, at least two more lateral partner hires are in the pipeline for the department. One is understood to be joining from a rival US firm.
If those hires are confirmed in the next two weeks, the office would have made six lateral partner hires in a month. These include White & Cases’s international corporate finance partner Greg Stonefield and SJ Berwin real estate partner Patricia Jones, who is understood to have already started her new role.
The firm has been pushing for growth in the last year, after a number of exits and falling revenues, from $1.13bn to $1.09bn (4 March 2013).
In London, the firm saw various departures, including reinsurance litigator Ian McKenna, who went to US rival Locke Lord; structured finance partner Stephen Day, who left for Cadwalader Wickersham & Taft; corporate partner William Charnley, who quit for King & Spalding; leveraged finance partner Neil Caddy, who joined Milbank Tweed Hadley & McCloy and finance partner Nicola Marley, who left for Minter Ellison.
Most recently, US firm King & Spalding has established a financial services regulatory practice in London with the addition of Mayer Brown partner Angela Hayes (3 September 2013).
However the office has been proactive in its expansion, creating the new position of European real estate head to drive forward the firm’s European real estate practice in November and hiring Ashurst partner Martin Wright for the role (15 November 2012).
Dominic Griffiths, head of banking and finance in London, said: “We are a core adviser to a number of clients in the securitisation sector and for some time now we have been keen to further expand our English law team to meet client demand.”