Ashurst finance partner quits for Davis Polk

Davis Polk & Wardwell has picked up Ashurst finance partner Nick Benham, in the latest in a string of departures from the UK firm.

Benham is the fourth partner to leave Ashurst in the past month. Yesterday, it emerged that corporate partner Eavan Saunders Cole was leaving, ultimately to join Irish firm William Fry following maternity leave (11 November 2013). 

Last week corporate head Stephen Lloyd resigned from Ashurst’s partnership (7 November 2013). Real estate partner Matthew Hooton also left recently for Simmons & Simmons (21 October 2013).

Ashurst is currently in the process of integrating its Australian merger and unveiled a new-look board last week (5 November 2013).

Benham was promoted to Ashurst’s partnership in 2010 (26 April 2010). He focuses on leveraged finance transactions and financial restructurings.

His arrival continues Davis Polk’s expansion of its English law practice, which launched just under two years ago with the recruitment of Freshfields Bruckhaus Deringer partner Simon Witty (6 January 2012).

Davis Polk managing partner Thomas Reid said his arrival would enable the firm to offer a “complete international solution” in leveraged finance.

Benham added that he was “immensely grateful” for the support he had received at Ashurst and was “privileged to have been a partner of such a fine firm”.