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Linklaters has been hit by another wave of partner defections to US firms after losing highly rated structured finance expert Richard Hughes to Sidley Austin Brown & Wood.
At the same time, Latham & Watkins’ Paris office has taken a second capital markets partner from Linklaters in little over a year with the hire of banking and capital markets specialist Basil Zotiades. Last April it recruited partner Roberto Cristofolini.
Hughes is expected to join Sidley’s London office at the end of August. He moved to Linklaters in 1998 from Herbert Smith, working in the firm’s structured finance group. Around 18 months ago he moved into the asset finance group.
Hughes’ move is a boost for Sidley, which last year saw four partners leave to set up the City office of Gide Loyette Nouel.
A spokesperson for Linklaters said: “We wish him all the best in his new role.”