Cadwalader restructuring partner to join Latham

Cadwalader restructuring partner to join LathamCadwalader Wickersham & Taft has suffered its third defection since it laid off 96 lawyers in July this year.

London restructuring partner Jackson Taylor has moved to Latham & Watkins one month after New York environmental litigator Andrew Perel left Cadwalader for Steptoe & Johnson.

Earlier this year (26 August) The Lawyer reported on the firm’s first defection since its summer layoffs, with Beijing managing partner Mark Roppel moving to Allen & Overy.

Jackson, who made partner this year, has advised on a number of key restructurings including acting for the ad hoc bondholders committee on the £16.2bn restructuring of British Energy and advising MBIA on the EUR9.4bn (£7.34bn) Eurotunnel restructuring.

Taylor’s defection comes after the firm made a total of 131 layoffs this year, with the first round of redundancies seeing 35 US lawyers lose their jobs in January.

Cadwalader confirmed that Jackson is leaving the firm and wished him well. Latham & Watkins declined to comment.