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White & Case is set to lose a second member of its City funds practice, with global securitisation head Richard Reilly joining DLA Piper in the US.
Reilly, who advises on investment fund formation, currently splits his time between London and New York, acting for US financial institutions including Goldman Sachs, Morgan Stanley and JPMorgan, as well as fund managers such as Babson Capital Europe.
He joined White & Case in 2001 from Weil Gotshal & Manges in the US, transferring to the City in the same year, and was named one of The Lawyer’s Hot 100 lawyers in 2004.
Reilly will be moving across the pond, but it is unclear when he will be joining DLA Piper.
The exit follows the departure of funds partners Matthew Judd to Ropes & Gray last month, along with associates Joshua Cronin and Anand Damodaran (13 February 2012). Damodaran is joining as a partner, Cronin as an associate.
A White & Case spokesperson said: “White & Case remains committed to funds as a practice area.”
DLA Piper and Reilly were not immediately available for comment.