It was a major coup for White & Case when Linklaters private equity (PE) partners Richard Youle and Ian Bagshaw moved over last year. Now, as widely expected, the US firm is beefing up its PE team around them with an expanded team, featuring newly-qualified lawyers from King & Wood Mallesons SJ Berwin, Hogan Lovells and Clifford Chance.
The pair of partners appear to have been busy since joining White & Case and have been looking to build up the team ever since. Last year Linklaters PE associates were offered up to £40,000 by White & Case in ‘golden hellos’ to join them.
No doubt it was an appealing offer. When the partners packed their bags they brought some heavyweight clients with them including Hg Capital, with White & Case added to its PE house roster earlier this year.
The team should be busy this year too. According to TheLawyer’s recent feature private equity investors are working up an appetite for public M&A in the UK again. Fortunately former Kirkland & Ellis partner Ross Allardice will also be on hand to help out now after also joining the firm.
Private equity is popular again and, it would seem, so is White & Case.
Also on TheLawyer.com:
- In-house teams grow by 33 per cent in a year as budgets rise
- Cuatrecasas sees change at the top as succession plan completes
- Marketing chiefs at City law firms pocket salaries of up to £477,000
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