Milbank hires five-partner team from Latham

A five-strong team of banking partners has left Latham & Watkins’ New York office to join Milbank Tweed Hadley & McCloy.

Among the arrivals is the former co-chair of Latham’s global banking practice Marc Hanrahan, who has been appointed as Milbank’s global head of leveraged finance. Partners Ronan Wicks, Marcus Dougherty, Patrick Flanagan and Lauren Hanrahan join him in the global leveraged finance team and will all be based at the firm’s New York office.

Between them, the group has worked with some of the most high-profile names in global finance, including Barclays, Goldman Sachs, HSBC and the Royal Bank of Scotland.

Other clients include Credit Suisse, JPMorgan Chase, and UBS. Wicks and Dougherty are dual New York and UK qualified, while Flanagan has spent several years based in Latham’s Hong Kong office.

Milbank chairman Mel Immergut said: “These attorneys bring an exceptional level of experience to Milbank having handled some of the most significant lending transactions in recent years.

“Our expectation is that they’ll have an enormously positive impact on our traditionally strong banking and leveraged finance practice and enhance many other practice areas of the firm including financial restructuring, litigation, securities and corporate.”

Latham’s New York managing partner Jimmy Brandt said: “Since joining the firm in 2004, they’ve made many contributions to our practice in New York and we wish them well in their future endeavours.”

Meanwhile, Latham has announced the arrival of IP litigator Lawrence Gotts from Paul Hastings. He joins as a partner in the firm’s Washington DC office.

Global IP co-chair Max Grant said: “Larry’s among the leading patent trial lawyers in the US. He brings strong client relationships, seasoned trial experience and will accelerate growth of the firm’s patent litigation team. Larry’s broad litigation expertise and business judgment will be an asset to our clients.”