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White & Case has raided Ashurst to hire M&A and corporate finance specialist Philip Broke as its new co-head of the UK corporate practice.
Broke joins the New York-based firm as a partner and co-head of corporate alongside London senior partner Peter Finlay, focusing on M&A and corporate finance transactional work involving investment banks.
The hire comes as White & Case seeks to significantly expand its London corporate capability. Last year M&A partner Ashley Ballard relocated from the firm’s Milan office, while corporate tax partner Peita Menon also joined from Addleshaw Goddard.
White & Case also hired Alan Greenough, former head of corporate at Pinsent Masons, in 2004.
Finlay, who has been driving the recruitment campaign, said the firm has “been aware for some time of the need to add further depth to our corporate team”.
He explained that Broke shared several investment bank clients, including Merrill Lynch and ABN Amro, with White & Case's banking and capital markets team that the firm hoped he would transfer across to the corporate team.
Broke began his career with Ashurst in 1989, becoming a partner in 1997. He recently advised Hawkpoint Partners, as nominated adviser, and Collins Stewart, as broker and underwriter, in Acertec's £76m IPO on AIM.
Ashurst announced the loss to its partnership last night (4 July), while Finlay made an internal announcement at White & Case at 10am this morning (5 July).
It is understood that Broke’s start date has not yet been finalised, although he is expected to join later in the summer.