Gray is following his former colleague David Ereira; by November Linklaters will have one of the most ambitious and well-resourced leveraged finance teams in the City.
We reckon Allen & Overy should start looking over its shoulders. And Freshfields? Well, it keeps those equity partner figures down, we suppose.
There are more champagne corks popping in the City today. Ashurst has just announced average profit per equity partner of £956,000, up a third on last year. (See story). For analysis on this, see our Top of the PEPs