Last September, legacy SJ Berwin’s (SJB) former corporate head Steve Davis quit the firm to join Proskauer, the US outfit that SJB had temporarily courted prior to its giant King & Wood Mallesons tie-up.
But it looks as if the partner didn’t leave SJB empty-handed. A couple of months into his new role, he has completed Proskauer’s first-ever deal for longstanding client Lion Capital. Davis advised the private equity house on its disposal of AS Adventure Group, which includes outdoor retailer Cotswold, to PAI Partners.
It wasn’t just clients that made the transition over to Proskauer. A handful of legacy SJB associates also since switched allegiances to the US firm, including Adam Creed, who assisted Davis on the AS Adventure Group deal.
The exits will increase the tally of legacy SJB corporate associates who have left the firm, following a flurry of departures over the past two years.
Still, at least the firm has plenty of distractions, as it continues to bed down its Asia Pacific mega-merger, and prepares for the launch of a shiny new Singapore office this spring.
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