In case you haven’t noticed, this season’s must-have is a private equity partner. White & Case proved it was on trend last week with the hire of Richard Youle and Ian Bagshaw, weeks after Jones Day got in on the action by hiring Michael Weir from BLP and Latham & Watkins snapped up Tom Evans from Clifford Chance.
Now Hogan Lovells has become the latest fashionista, pulling in SJ Berwin PE partner Ed Harris. Harris got cosy with the firm when he worked with partner Tim Wright to advise SJ Berwin client Duke Street on its cash injection into the Parabis Group. Hogan Lovells partner Stuart Brinkworth, another former SJ Berwin lawyer, advised RBS, Lloyds, Santander and Ares on the deal.
SJ Berwin will be hoping that his exit, coming ahead of its merger with King & Wood Mallesons, is not a trend that is here to stay.
Also on The Lawyer:
- The long-standing general counsel of French oil giant Total SA, Peter Herbel, is to retire in December with oilfield services heavyweight Maarten Scholten stepping into the role
- The largest social landlord in Wales, RCT Homes, has awarded 13 firms panel places, with Trowers & Hamlins, Bevan Brittan and Burges Salmon among those to win spots
- Profit per equity partner (PEP) is not the most worthy benchmark, but it is the most enduring. Take a look at where your firm features in the PEP list