US law firm Katten Muchin Rosenman has merged with niche UK hedge funds practice MW Cornish Solicitors to launch its first international office in London.
As first revealed on www.thelawyer.com (13 June), the UK office of the 600-lawyer, Chicago-based financial services specialist will be known as Katten Muchin Rosenman Cornish and will be led by Martin Cornish, the former principal of MW Cornish.
Katten Muchin Rosenman previously had a non-exclusive referral agreement with MW Cornish for the financial services sector. However, MW Cornish initiated merger discussions at the start of the year after being approached to merge by a number of other US firms.
The London office, which will be based in Frederick’s Place, Old Jewry, will specialise in hedge fund, money manager and financial institution matters.
Arthur Hahn, head of the financial services group for Katten Muchin Rosenman, explained that the office would focus primarily on offering a European service to the firm’s existing US and international hedge fund, financial intermediary and exchange clients.
“We’re keen to satisfy our existing clients’ demands by being able to service both US clients who are either setting up in the UK and Europe, as well as those doing business from the US into Europe,” explained Hahn.
The London office will be made up of Cornish, three assistants from his firm and financial services partner Jennifer Nye, who will join from Katten Muchin Rosenman’s New York office next month.
Hahn and New York partner William Natbony will also split their time between London and the US. However, Cornish hopes to expand the London office to between 25 and 30 full-time lawyers within three to five years.
London is the firm’s first international office, working alongside a network of nine offices within the US.