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The co-head of global banking at White & Case, Maurice Allen and London co-head, Mike Goetz, have resigned.
White & Case" />The co-head of global banking at White & Case, Maurice Allen along with banking and capital markets London co-head, Mike Goetz, have resigned.
New York-based co-head of global banking, Eric Berg, is to temporarily relocate to London in an attempt to shore up White & Case’s finance capabilities in the city.
Allen and Goetz have confirmed they will be leaving the firm this Friday (14 March). Yesterday (Monday 10 March), The Lawyer exclusively revealed that the firm faced widespread rebellion in London due to discontent.
Managing partner, Hugh Verrier, Berg and finance partner, David Koschik held a meeting with the London finance team earlier this evening (Tuesday 11 March) in the City ofice to address concerns about the management structure.
Earlier today, Verrier emailed the entire firm, announcing Allen and Goetz’ departure. The email thanked both partners for their contribution to the firm and the development of the London finance practice.
The email is understood to underline the firm’s commitment to the London banking and capital markets team, highlighting the London office as a priority to the US firm.