Dewey makes another raid on Reed Smith

Dewey Ballantine’s New York headquarters has raided Reed Smith for a second time in a month.

Dewey returned to Reed Smith to poach two more structured finance partners, Patrick de Carbuccia and Alexander Fraser.

The pair will be reunited with John Altorelli and Jeffrey Potash, two other structured finance partners who left Reed Smith for Dewey less than a month ago (The Lawyer, 9 March).

De Carbuccia’s practice concentrates on corporate finance and restructurings, while Fraser has worked with private equity clients like Kohlberg Kravis Roberts and Five Mile Capital Partners.

Dewey’s New York office has also been lavishing attention on its private equity practice of late, appointing Joseph Smith as the team’s chair after veteran private equity head Sanford Morhouse stepped down. Two private equity associates were also made up to partner last year.

In addition to the four Reed Smith hires, Dewey has added a brace of lawyers in Italy this month through its collaboration with local boutique Galgano. Dewey scooped three partners, two local partners and 15 associates from Galgano, including its heads of finance and TMT Davide Contini and Marco Consonni respectively (The Lawyer, 19 March).

The hires are a boon to Dewey. As first reported in The Lawyer (19 February), Dewey lost a total of 23 partners last year, nine from its New York headquarters. Up to 10 of the total departures were after the planned merger with Orrick Herrington & Sutcliffe, abandoned this January, was announced in October 2006.