Mayer Brown departures continue with defection to Cadwalader

Cadwalader Wickersham & Taft has added a structured finance partner to its London base with the hire of Stephen Day from Mayer Brown.

Greg Petrick
Greg Petrick

Day, whose focuses include commercial paper conduits and structured investment vehicles (SIV), has resigned from rival US firm Mayer Brown and has already been removed from its website.

A lawyer at Mayer Brown’s City office since 2002, he made partner in 2007 and has acted on a number of high-profile insolvency cases, including representing a secured creditor of SIV Sigma Finance in 2008.

He is currently carrying out a range of matters for EMI and Terra Firma Capital Partners and advising the receivers of SIV Golden Key, according to his defunct page on Mayer Brown’s website.

His departure for Cadwalader follows a number of exits from Mayer Brown’s London base this year, with corporate partner William Charnley quitting to join King & Spalding earlier this summer (5 July 2012).

Leveraged finance partner Neil Caddy more recently resigned from the firm to join US rival Milbank Tweed Hadley & McCloy’s London office (13 August 2012), while finance partner Nicola Marley has joined Minter Ellison as its London finance head (2 May 2012).

The hire comes after Cadwalader vowed to kick off a London recruitment drive following the appointment of New York financial restructuring partner Greg Petrick as head of the office earlier this year (2 January 2012).

Mayer Brown London banking and finance chief Dominic Griffiths praised Day’s service as a partner and said it would not have a significant effect on the firm’s remaining practice.

Petrick was unavailable for comment.