Addleshaw Goddard has spun off its bulk housing arm Enact through a management buyout. As reported by The Lawyer (16 June), the firm planned to spin off Enact because it did not fit its strategic direction. Addleshaws is taking a small, undisclosed equity stake in the business and will retain a place on the board.
Milbank Tweed Hadley & McCloy has lost a restructuring partner to McGuireWoods’ burgeoning New York office, little more than a year after he joined the firm from Gibson Dunn & Crutcher.James Ricciardi, known for his recent involvement in acting for Enron Corp’s creditors’ committee while at Milbank, originally joined the firm in April last year. […]