Norton Rose has been raided by South African law firm Deneys Reitz losing senior associate Steven Gamble from its banking group.
Gamble joined Deneys as a director under one of its subsidiary groups Africa Legal, which was co-founded by former Clifford Chance international projects lawyer Julian Jackson.
Nairobi-born Gamble will continue to build his banking and finance practice, which has seen his advise for high profile clients including ExxonMobil, HSBC and The Royal Bank of Scotland.
Gamble also previously was in charge of the day-to-day running of Norton Rose’s banking and finance capability in Thailand.
Michael Hart, the chairman of Deneys, said that Gamble’s appointment “demonstrates the firm’s Africa focus and continues the rapid development of its pan-African practice”.
Hart said: “Our decision to invest in our pan-African and international capabilities, made some years ago, has been vindicated and is obviously meeting the needs of our international and South African clients.”
The news comes a day after The Lawyer revealed that Denton Wilde Sapte (DWS) is gearing up for massive investment in Africa to halt its banking slump (The Lawyer, 13 August).
Norton Rose has been working in Africa for more than 25 years. It has an African capability of 32 partners, focussing on areas including energy, mining and trade finance but has no offices in the continent.