US firm Greenberg Traurig has hired Dentons’ global real estate co-head Eric Rosedale to fill a new management position in London.
Rosedale, who joined the firm’s London office yesterday (16 June), has taken on a new position as chair of the firm’s international real estate practice. The job essentially means he will be responsible for all real estate matters outside of the US, along with the firm’s current real estate head Tim Webb.
His move means he leaves Dentons after over a decade, having joined legacy Salans in 2002. While at the firm he managed the 600-member real estate practice, a position he started to share with Warsaw-based partner Paweł Dębowski, who joined Salans from Clifford Chance in 2010 (10 July 2010), earlier this year.
Dębowski’s hire in 2010 was part of legacy Salans’ global strategy to consolidate its leading position in real estate in CEE. According to sources Rosedale will follow a similar strategy at Greenberg Traurig, where he will spend a significant amount of time in Poland and Amsterdam.
Greenberg Traurig has a smaller real estate practice compared to Dentons, with 200 members. It is not known if Rosedale’s clients, which include Morgan Stanley, Goldman Sachs and AIG Global Real Estate Fund, are going to move to Greenberg with him. No associates are moving over.
Dentons, the result of a 2013 tripartite merger between Salans, SNR Denton and Canadian firm Fraser Milner Casgrain (28 November 2012), has been in the headlines this week after responding to critical questioning in the American Lawyer over its decision to stop reporting average profit per equity partner (PEP).
The magazine suggested that Dentons’ PEP had declined by 20 per cent over the past year, to which Dentons hit back with an unprecedented tirade against the magazine accusing it of a “lack of understanding of basic math, let alone simple logic” which it said was “stunning” (12 June 2014).
Dentons did not comment on who Rosedale’s replacement would be at the time of writing.