Firms welcome back lawyers as economy perks up
Does absence make the heart grow fonder or is it simply that the country is back in growth mode?
Several lawyers are returning to jobs they left during the recession. In the past month, Taylor Wessing, Covington & Burling and Mayer Brown have all welcomed back old friends. It is a sign that for the legal sector the recession is over. It wasn’t too long ago that many senior associates were looking in-house to move up the career ladder.
Former Taylor Wessing senior associate Adrian Rainey left in 2009 for a general counsel role at James Caan’s investment group Hamilton Bradshaw, while ex-Mayer Brown senior associate Richard Todd left for a director position at Lloyds Banking Group in 2010.
Both have recently rejoined their former firms as partners. Rainey, who most recently set up Taylor Vinter’s London venture capital practice, rejoined Taylor Wessing two weeks ago. Todd, who went on to become a partner at Berwin Leighton Paisner, returned to Mayer Brown in November.
But the prize is not always partnership, and for some the recession simply proved a good time to try something new. Last month Covington & Burling partner Peter Camesasca rejoined the firm’s Brussels base following a two-year stint running his own practice, while Travers Smith associate Andrew Cotty returned to his old training ground Mayer Brown after a three-year break.
Back with a boom.