DLA Piper has raided Orrick, Herrington & Sutcliffe in London for partner duo Tony Katz and Sam Millar who are to join the City litigation group.
The pair will work alongside non-contentious financial regulatory partner Michael McKee and the banking litigation team at DLA Piper.
Orrick hired the pair in 2011 to launch the London regulatory practice (11 October 2011) from the London-based liquidity provider, Liquid Capital Group (LCM), where they were group head of compliance and general counsel respectively. Prior to that Millar was at Jones Day and Katz at the FSA (now FCA).
DLA Piper UK head of litigation and regulatory David Gray said: “In the wake of the financial crisis, demand for financial regulatory and investigations specialists of the calibre of Tony Katz and Sam Millar is high, and having them on board will significantly increase our ability to service the needs of our current and potential clients in these areas.”
Last year Orrick reviewed its operational structure under the leadership of new chairman Mitch Zuklie. The review resulted in the redundancies of two senior executives and 21 support staff in June (10 June 2013).
Zuklie was unveiled as chairman-elect last October, replacing Ralph Baxter who had led the US firm for 23 years (12 November 2013).
Orrick has seen a string of heavy-hitting partner departures, with recent exits including former London head Martin Bartlam, who joined DLA Piper in January 2012, banking partner Elisabeth Gaunt, who joined Taylor Wessing at the start of 2012 and European co-head of restructuring Mark Fennessy, who left with fellow restructuring partner Hazel Miller for Dewey & LeBoeuf, both partners are now at Proskauer Rose.