Canada – with its strong dollar, vibrant energy market and considerable natural resources – has long been on the agenda for many international firms. So when Allen & Overy (A&O) announced it would open an office in the country this week, the market listened. Is the Canadian stampede finally here?
Well, not really. This is essentially a story about A&O’s Canadian-qualified structured finance partner Francois Duquette heading home. The firm is opening a one-partner satellite office just for him – no surprise given that Duquette has been one of the magic circle firm’s key partners in recent years, having spearheaded its move into both Abu Dhabi and Casablanca.
For those waiting for the Canadian rush, this will be another anti-climax. DLA Piper came close to a Canada move earlier this year when it almost rescued 70 lawyers from collapsed Canadian firm Heenan Blaikie, but ended up pulling out of the deal and the team was absorbed by Dentons Canada.
Maybe another day.
Also on The Lawyer:
- Ashurst corporate partner Nigel Stacey is to join Gibson Dunn, following in the footsteps of former colleague Jonathan Earle who made the same move in April.
- Clyde & Co has hired two partners from US firm Keesal, Young & Logan to establish its fifth US office in Orange County, Southern California
- The National Aeronautics and Space Administration has named a new general counsel for the first time in a decade following the retirement of current GC Michael Wholley