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Slaughter and May has recently lost one of its veteran lawyers in Paris to Lovell White Durrant.
Philip Boys, who has been in Paris with Slaughters for 17 years, joins Lovells as a partner in its capital markets practice.
David Hudd, head of capital markets at Lovells, said: Capital markets is an area that we are developing and he is very much part of that development.
Lovells began beefing up its capital markets practice four years ago, concentrating on high-added-value transactions. It now has 12 lawyers dedicated to the area in London. However, although the firm has acted for French banks including CrAdit Agricole and Indosuez, it had just one senior assistant working in capital markets in Paris. Philip Boys appointment is the first hiring at partner level in that practice area in the French capital.
Hudd added that the firm had not been actively looking to expand that part of its Paris office, but that Boys approached Lovells as well as several other firms. It was an opportunistic recruitment, he said.
Slaughters resident Paris partner Peter Kett said that Boys departure from the firm was by mutual agreement. Philip was seeking to promote his interests elsewhere, he commented.