Weil Gotshal & Manges has raided magic circle firm Clifford Chance for a four-partner funds team.
Ed Gander, Nigel Clark and Nick Benson, as well as tax partner Jonathan Kandel, have quit Clifford Chance to launch a funds formation practice in the US firm’s City office.
Weil executive partner Barry Wolf said in a statement: “This transformative move represents a major step forward in Weil’s global fund formation offering.”
He added: “The new London team, combined with our existing strengths in private equity, means we can now provide an integrated full service private equity practice to fund managers, private equity houses and other industry participants across Europe.”
The partner departures follow the resignation last year of Clifford Chance’s funds chief Jason Glover, who joined the London office of Simpson Thacher (read more).
In a statement, Clifford Chance London corporate head Simon Tinkler said: “Clifford Chance has a leading global private funds practice of over 150 lawyers. We will maintain the strength of our capability in London with a long term strategy of a combination of internal promotions and transfers and possibly lateral hires.”
Nigel Hatfield, the most senior remaining funds partner at Clifford Chance, will become head of the group, while the quartet of leavers are likely to have to serve out their notice period at the magic circle firm.