Banking and finance

Cadwalader loses five-strong team to King & Spalding

King & Spalding has raided US rival Cadwalader Wickersham & Taft for a four-strong partner team in London. Four partners are making the move, alongside one special counsel who will join as partner. On the funds finance side, partners Samantha Hutchinson, Mathan Navaratnam, Nathan Parker and special counsel James Hoggett will join. Partner Sukhvir Basran […]

Payment platform GC joins Thunes

The general counsel of Coda Payments has been hired by money movement group Thunes after just eight months at the business. Ruwan De Soyza will oversee all legal, compliance and secretariat affairs at Thunes, leading a team across a broad range of practice areas, including payment regulation, licensing, compliance, M&A and commercial contracts. He will […]

Co-operative Bank

Three firms line up on Co-op Bank’s £780m takeover

Addleshaw Goddard, Freshfields Bruckhaus Deringer and Paul Hastings have all scored roles on the Co-operative Bank’s £780m sale to Coventry Building Society (CBS).  CBS made its cash offer to the banking company after months of exclusive talks between the two parties. As a result, Co-op will be expected to see a mass rebrand of its […]

Clifford Chance and Slaughters win spots on British Business Bank panel

Clifford Chance and Slaughter and May are among the firms to have been appointed to a new legal roster announced by Government-owned British Business Bank, which provides support to small businesses. Clifford Chance and Slaughter and May have made the list on the specific structured finance panel, alongside Ashurst, Norton Rose Fulbright and Simmons and […]

Latham & Watkins logo

Latham set to hire Cahill finance trio

A team from Cahill Gordon & Reindel’s finance practice are set to move firms to Latham & Watkins. It is understood that Jonathan Brownson, Joydeep Choudhuri and Prue Criddle are switching across, having joined Cahill during a significant period of growth for the firm. Brownson moved with Jake Keaveny in a much touted move from […]

fintech mobile phone

Claim Spotter: Fintech faces lawsuit from ex-investors

“AI-powered” bank board faces claim from investors  Members of the current and former board of Tintra, an AI-powered DeepTech bank based in London have been hit with a part 7 ‘other’ claim in the London Circuit Commercial Court, filed on Wednesday (8 May) by US-based former investors Fintech Leaders Fund LLC (FLF). A part 7 […]

Cleary hires from Kirkland as recruitment drive continues

Cleary Gottlieb Steen & Hamilton, which up until 18 months ago had steered clear of the lateral hiring market, has added a new London partner from Kirkland & Ellis. Alexander van der Gaag is joining Cleary from Kirkland’s debt finance team. He worked at Kirkland for nine years, arriving as an associate from Baker McKenzie. […]

Russia, shares, stocks

Simmons fights $150m Russian litigation for Barclays

Simmons & Simmons represented Barclays Bank in an $150m anti-suit and anti-enforcement injunction against Russian state investment bank, VEB. VEB was founded in 1922 as the first international bank of the USSR, and since 2018 it has been chaired by the country’s former deputy prime minister under Putin, Igor Shuvalov. The bank was represented by […]

NatWest

NatWest names new GC as Moore departs

NatWest’s general counsel – and Linklaters’ former managing partner – Gideon Moore has left the bank after two years, making way for a new chief. Moore has been replaced by NatWest’s litigation general counsel Will Luker. He has worked at the bank since 2003, became litigation general counsel in 2010 and subsequently managed and integrated […]

Daniel Shurman, Clifford Chance

A&O Shearman partner moves over to Clifford Chance

Clifford Chance has hired a structured finance partner from A&O Shearman after the two firms’ merger last week.  Daniel Shurman joins Clifford Chance in London from legacy Allen & Overy, becoming a partner in its derivatives and structured products practice.  Emma Matebalavu, global head of financial markets, commented: “Daniel’s appointment is a testament to our commitment to […]

Davis Polk lands finance partner in rare hire

Davis Polk & Wardwell has recruited from Paul Hastings’s finance team, expanding its partnership ranks in the City to nine. The small City outfit has hired Luke McDougall from Paul Hastings. McDougall focuses on UK and cross-border acquisition finance and restructuring, acting for senior lenders, junior lenders and borrower groups on a variety of capital […]

London towers, office City

Travers exits continue as infrastructure partner departs

A week after losing a private equity duo, Travers Smith is set for another partner exit – this time from its infrastructure finance team to Sidley Austin. Partner Ben Thompson has exited the firm and is joining Sidley Austin. Thompson joined the firm in September 2021 from Weil Gotshal & Manges, where he was a […]