Greenberg Traurig’s London office, Greenberg Traurig Maher (GTM), has hired Slaughter and May tax partner Graham Iversen in a high-profile lateral move in a bid to enhance its tax capability.
Iversen resigned from Slaughters last month and is joining GTM in November as head of UK tax.
He joined Slaughters in 1990 and made partner in 2000. At Slaughters his work included advising Cable & Wireless on its sale of Monaco Telecom, the IPO of Countrywide, and UK Asset Resolution Limited, the joint holding company of Northern Rock and Bradford & Bingley, on the sale of Northern Rock by HM Treasury.
GTM chairman Paul Maher told The Lawyer: “Within GT tax has always been a big part of the firm. So in terms of our business plan for London, tax is at the core of it.
“We do intend to grow GTM London and the European tax practices, and Graham will be a fundamental part of that.”
Confirming the move, Slaughters senior partner Chris Saul said: “Graham’s had an excellent career at the firm but he’s concluded that the time is right for a change.
”We wish him every success for the future.”
Iversen becomes one of only a few partners to leave Slaughters for another law firm. Former tax partner Richard Carson, who retired from Slaughters in April 2011 after 21 years in the partnership, joined Taylor Wessing in January 2012 (14 November 2011). He is now a consultant.
In 2007 Nigel Swycher, who took a break from practising law in the UK in 2004, joined Olswang as head of technology (19 March 2007). In 2005 Pierre-Pascal Bruneau, another tax partner, left Slaughters’ Paris office to join Debevoise & Plimpton (19 December 2005). He had opted not to join his other partners, who transferred en masse to Bredin Prat in 2006 when Slaughters closed its French operation.
GTM’s LLP accounts for the year ending 31 March 2013, the most recent available, show turnover of £9.75m compared to £9.42m for the preceding year.
The UK arm’s most recent results have yet to be filed at Companies House, but Maher said that turnover reached approximately £15m for the financial year ending March 2014.
GTM’s recent deals include a variety of IPOs acting for Numis Securities and corporate transactions for clients such as Volvo, Rentokil, AstraZeneca, Highbridge Properties and Osprey Equity Partners. The firm has 17 partners and 20 associates in London.