Electra Partners Europe has raided Gibson Dunn & Crutcher‘s London office for its first in-house counsel, just days after the US firm lost a corporate finance partner to Barclays.
The mid-market private equity house has appointed Annie Rainsford (née Marsh) to the newly created role of in-house counsel. She was previously senior counsel at Gibson Dunn.
The firm’s loss follows hot on the heels of the announcement that corporate finance partner Judith Shepherd is leaving to become deputy general counsel at Barclays in September.
Electra chief financial officer Simon Brown, who was previously finance director at Lawrence Graham, said Rainsford would oversee the private equity house’s company secretary and compliance issues.
He added that she would also mange Electra’s relationships with its external advisers and assist him with a potential review of those relationships. Electra manages two funds with a total commitment of e2.25bn (£1.54m).
Rainsford joined Electra last Tuesday (30 May). Before moving to Gibson Dunn, she worked for Ashurst.
The losses leave Gibson Dunn with 44 lawyers in its London office. The firm was unavailable to comment.