Insolvency and Restructuring Partner - new department for mid-sized U.S. law firm

We have just been instructed by our client, a mid-sized U.S. law firm, to source a number of partners for their London office following the completion of their 2021 lateral hiring review. 

The firm has locations across the United States, Europe and Asia Pacific regions and is one of the most historic U.S. law firms with a rich history spanning many decades. They are recognised for the superb quality of their client service and commitment to community and pro-bono and having an inclusive culture in their workplace. 

The firm has fostered long-term client relationships some going back many decades and they have expanded over time to meet their client’s needs. 

The London office offers a wide range of experience and expertise serving international clients with business activities in the United States, Europe, Africa and Asia. Their London talent comprises English, U.S. and European qualified lawyers who advise on a range of areas to include corporate finance, private equity, mergers and acquisitions (public and private), intellectual property, dispute resolution, tax and general commercial. 

One of the firm’s global board members who is a partner in the London office has commenced the search for several lateral partners and teams including an insolvency and restructuring partner. 

The firm has an established bankruptcy and restructuring practice in most of its main offices in the U.S., Europe and Asia. with renowned bankruptcy lawyers, and lawyers experienced in mergers and acquisitions, corporate governance, tax law, securities law, finance, business litigation and other associated disciplines who together provide a comprehensive service to their clients through  their interdisciplinary approach. 

The group handles both transactional and litigation oriented matters and has a track record of working on some of the largest cases.  Their representation extends beyond debtors and creditors to include fiduciaries, trustees, equity holders and buyers of distressed assets.

The firm’s London office is one of the few offices which does not have insolvency and restructuring capability and as a result of increased demand from clients and referral work from the U.S. and other offices the decision has been taken to hire a partner to lead this new practice area in London. You will have support from corporate, finance and litigation partners and will be provided with the required resources you need to spearhead and take charge of this new practice area.

This would suit a partner or possibly a senior associate or counsel, ready to step up to partnership, and seeking an opportunity to build and exciting business from a solid foundation. You will likely come from a mid-sized to large London or regional firm or possibly a high end boutique and have broad experience of insolvency and restructuring (non-contentious focus) and a good black book of connections. 

The firm is categorised in the mid-tier sector of U.S. law firms and unlike most of their top tier U.S. law firm competitors the expectation on partners own billable hours targets are more flexible and reasonable with an attractive partner matter/billable time system which credits partners fairly for referring work from their clients to others and vice versa. 

The London managing partner is well known for his skills and track record of being a deal maker with a great reputation for having a positive approach to management and a friendly  personality. You will also be supported in the acquisition of resources that you may require in particular recruitment of others to complement your practice.

This is an excellent opportunity to join a collegiate firm with some top notch clients at a time when they have exciting plans for their London office.