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Try as we might, we couldn’t find much of a legal angle on Michael Jackson today, apart from the undoubted insurance implications of the axing of his tour.
So instead of writing about flawed eccentrics, we thought we’d muse about BLP’s decision to hire Allen & Overy leveraged finance partner Andrew Bamber.
As TheLawyer.com reports today, Bamber is joining BLP later this year.
This is what we call a vote of confidence in the upturn. A&O scaled back that team radically after a dramatic fall in leveraged finance work - especially after key client RBS closed its leveraged division.
But BLP sees an opportunity which complements its hire earlier this year of private equity star Raymond McKeeve. Notably, Bamber won’t be acting for lenders, but will handle sponsor-facing finance work.
Bamber and McKeeve are just the latest in a long line of top brass partners with finance kudos to join BLP that include Richard Hughes, Sydney Myers, Chris De Pury, Tamara Box and Paul Severs.
There has been much talk of tension at BLP Towers between the laterals and the home-growns, especially regarding their respective remuneration.
BLP management has argued that the investment is justified. Well-connected laterals bring in extra work, therefore spreading the love widely.
But the question is not just whether in the current dire market conditions the straight-talking Bamber and others will be able pick up work.
It’s how fast they can endear themselves to their colleagues.
—— Also on TheLawyer.com: litigation funding in the balance; a Charles Russell partner is mesmerised by hang-gliders; and lawyers in Kiev do a spot of dad-dancing.