Gibson Dunn scoops Mayer Brown rainmaker

Gibson Dunn & Crutcher has poached a corporate partner for its New York office from transatlantic rival Mayer Brown Rowe & Maw (MBRM).

William Candelaria has particular expertise in M&A, private equity and capital markets, with a focus on Latin America.

His clients include TV Azteca and Grupo Elektra as well as a selection of Mexican hedge funds.

He will be the Los Angeles-headquartered firm’s 24th corporate partner in New York, while its Latin American group has now 22 lawyers. Cadelaria will join New York-based partner Steven Guynn in marrying M&A expertise with an interest in Latin America.

Gibson Dunn’s co-head of New York, Steven Shoemate said Candelaria’s bilingual skills and general corporate credentials were “a combination that adds breadth and depth to our team, which is critical as several Latin American markets are poised for growth. In particular, his experience will be invaluable to our U.S. private equity clients.”

This is Gibson Dunn’s second prominent lateral hire in as many weeks, coming after the London office’s raid on White & Case for international arbitration partner Cy Benson.

Meanwhile, MBRM still has 24 corporate partners based in its New York office.

The news comes as Gibson Dunn posted steady financial results for 2006. The West Coast firm did not quite manage double-digit growth but grew its turnover by a respectable 8 per cent to $809m. Average profit per equity partner (PEP) was slightly dynamic still, increasing by 7 per cent to $1.75m.