All aboard the roundabout

There’s nothing quite like a downturn for shaking things up a bit.

Ask any law firm consultant and they’ll tell you the current economic turbulence translates into a market chock full of opportunities.

Enter Mayer Brown. Today the firm has unveiled three leveraged finance partner hires, taking one each from Clifford Chance, Linklaters and Taylor Wessing (see story).

The trio includes former Taylor Wessing partner Graham Wedlake, a partner who, on his fourth firm in four years, arguably personifies the rampant mobility in the market (Wedlake put in a short stint at Winston & Strawn after leaving Barlow Lyde & Gilbert in 2005).

So this time the merry go round has a distinctly leveraged finance flavour, a theme echoed by Berwin Leighton Paisner’s hire last month of Allen & Overy leveraged finance partner Andrew Bamber (see story).

Signs of an upturn? Or simply smaller firms seizing their chance?

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Also on TheLawyer.com today: the firms thinking of changing their tax year to save money on the new top rate; Slaughter and May star Charles Randell and that £22m bill; and Dinah Rose QC on arguing with teachers.