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Halliwells is shoring up its corporate recovery team with the hire of Reed Smith Richards Butler insolvency partner Michael McCarthy. The firm intends to use his addition to expand its government-related insolvency capabilities.
McCarthy, who was head of insolvency at Richards Butler before its merger with Reed Smith, has advised the Government on public interest petitions for the official receiver for more than 20 years. He joined Halliwells earlier this month and works alongside the firm’s corporate recovery team head David Grant.
Grant said: “We’ve concentrated on building up the team in London and Michael is definitely a great asset for us. He has excellent experience in public interest petition work and this is an area we definitely want to expand into.”
McCarthy has extensive experience in the particular area of insolvency, although his experience also includes advising mid-market companies with contentious and non-contentious insolvency issues.
Talking about his move, McCarthy said: “I really enjoyed my time at Reed Smith Richards Butler, but I feel that I wasn’t able to develop and expand my practice as much as I can at Halliwells. This firm is very dynamic and entrepreneurial in my view, which presents many more opportunities.”
Reed Smith has recently built up it restructuring and insolvency capabilities with several lateral hires.
Last month The Lawyer reported (4 June) on the appointment by Reed Smith of restructuring partner Jeff Drew and associate Nuala Barratt from Akin Gump Strauss Hauer & Feld.
On the restructuring market, Grant said: “You can’t predict when the downturn will happen, but the market’s certainly warming up. It’s interesting to see how firms are adapting.”