Proskauer Rose is deploying partners from its New York headquarters to spearhead the renaissance of its London base.
Former chairman Allen Fagin, who is based in New York, is currently spending two weeks every month in London to oversee a recruitment drive in the City.
The firm also plans to move other US transactional lawyers to London on a permanent or long-term basis to aid integration.
“It will happen soon,” Fagin revealed. “There are several people with whom preliminary discussions have been had, and it’s likely there’ll be some associates as well as partners.”
Fagin, who served as chairman from 2005 until handing the baton to Joe Leccese this January, has already bolstered London with a number of local hires.
Fagin said the firm was actively targeting lawyers in areas such as alternative investment finance, transactional and private equity, capital markets, junior capital (or mezzanine) finance and mid-market M&A.
“We’re focusing exclusively on areas of the practice where we believe we can effectively compete with anyone else in this marketplace,” said Fagin.