Chicago firm Sidley & Austin is flying in two partners from its foreign offices to boost its international finance practice in London.
Securitisation partners Nick Brittain and Dennis Dillon are moving over from New York and Singapore respectively to boost the finance group to 12 partners.
Brittain specialises in commercial mortgage-backed securitisation transactions, which have seen a big growth in Europe in the last 12 months.
Graham Penn, co-head of the international finance group in London, says: “We’ve worked on most of the UK deals in the context of mortgage-backed securitisations so far. Our ability to offer lawyers who have worked on these deals in the US, and can work with local lawyers who understand the European aspects, is very important.”
Dillon has had a recent focus on CBOs and trade receivables securitisations.
Penn says: “Bringing Dennis and Nick in increases our capacity for servicing these transactions – we needed to continue to expand and to expand at senior levels.”
The pair join Robin Parsons, a senior banking partner who has come over from Eversheds. But the firm has lost finance partner Jane Borrows to Herbert Smith (The Lawyer, 4 September), where she will spearhead her new firm’s move into servicing lead managers in securitisation deals.