McDermott raid signals Kirkpatrick London pensions launch
Kirkpatrick & Lockhart Preston Gates Ellis is launching a pensions practice in London after hiring a three-lawyer team from McDermott Will & Emery, including City pensions head Danny Tsang.
January 24, 2007 at 05:26 AM
2 minute read
Kirkpatrick & Lockhart Preston Gates Ellis is launching a pensions practice in London after hiring a three-lawyer team from McDermott Will & Emery.
McDermott partner Danny Tsang is set to join Kirkpatrick to lead the group on 1 February with associates Louise Waldron and Comron Rowe. The move leaves McDermott without a single UK pensions partner.
The hires give Kirkpatrick its first pure UK pensions capability since 1996, when Ian Pittaway – then head of pensions at legacy firm Nicholson Graham & Jones – quit to join pensions boutique Sacker & Partners.
Tsang has been head of pensions and incentives at McDermott's London office since September 2005. Several of his clients, which include Total and Telereal, are expected to move over with him to Kirkpatrick.
Tsang told Legal Week: "The [Kirkpatrick] merger offers a lot of international opportunities and my pension practice will fit in very nicely with its PFI/insolvency practices. The firm currently outsources its pensions work to other City firms, so I also saw starting the practice as a good opportunity."
Kirkpatrick London managing partner Tony Griffiths commented: "The increasing importance of benefits-related issues to all of our corporate clients made the recruitment of a pensions team a strategic imperative for the London office."
The pensions losses are the latest in a series of departures from McDermott's London arm. In November, corporate partner Richard Britain left to join Clyde & Co while highly-rated employment head Fraser Younson joined Berwin Leighton Paisner in September. In August, former managing partner John Reynolds left the Chicago firm for White & Case's London office.
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