May has been a quiet month for the London lateral market, with Addleshaw Goddard making the only notable City move last week as the firm strengthened its City banking practice. However in the Middle East Ashurst and DLA Piper made significant hires, while Paul Hastings and Allen & Overy (A&O) both made plays in Europe.
Addleshaw Goddard hired well-regarded leveraged finance and banking partner Peter Crichton from McDermott Will & Emery. He will now join the active mid-market practice currently led by Alex Dumphy, while Amanda Gray, Addleshaws’ finance and projects division managing partner, welcomed the hire: ‘The leveraged finance market is becoming increasingly fractured with an ever-growing number of lenders, and we have seen a proliferation in debt funds. Peter’s appointment provides necessary bandwidth to win new market share across the broad spectrum of this market, as well as additional resource to combine with our award-winning private equity team on sponsor-side transactions.’ Continue reading “Revolving Doors: City lateral market falls quiet as firms look further afield to strengthen benches”