Greenberg Traurig has continued its London recruitment push, this time hiring from Baker McKenzie to strengthen its City restructuring practice as firms look to hedge against increasing economic uncertainty. Bakers’ co-head of global restructuring and insolvency Ian Jack has left the firm for Greenberg after more than two decades, bringing with him extensive experience in restructuring as well as banking and financial transactions.
The hire comes as many in the industry anticipate a demand for restructuring and insolvency lawyers amid the disruption caused by the coronavirus. Greenberg executive Chairman Richard Rosenbaum commented: ‘I have been around a long time, but all countries, businesses and law firms are no doubt facing an unprecedented period of disruption, change and challenges. We just concluded our strongest year on record by any measure, and began 2020 in the same manner, but we all know we are facing new challenges given the coronavirus, oil price wars, stock market gyrations, and the uncertainties stemming from all of those circumstances.’
