Freshfields Bruckhaus Deringer has moved quickly to announce a new restructuring head, with partner Ken Baird named as Sandy Shandro’s successor.
As reported yesterday (see www.thelawyer.com, 20 February), Shandro is leaving the magic circle firm to take up the post of dean of the law faculty at the University College of London (UCL), starting in September. Baird will take over the reins of the restructuring team on 1 March.
Baird has been a partner since 1996 and has worked on major UK restructurings like that of Queens Moat House hotels and Threshers’ acquisition of 200 stores from collapsed off-licence chain Unwins. He was also president of the UK Insolvency Lawyers’ Association between 2005 and 2006.
Shandro told The Lawyer that Baird, together with retired partner Peter Bloxham, was instrumental in bringing Shandro across to Freshfields from Clifford Chance ten years ago.
Shandro is currently a principal consultant, having chosen to retire from the partnership last year to take advantage of Freshfields’ old pension system.
He said of his move: “It’s an inspirational post, and I would have leapt at the opportunity regardless of the pensions situation at Freshfields.”