Clydes Hong Kong partner made global head of aviation finance
Clyde & Co has promoted Hong Kong partner Paul Jebely to head the global aviation practice, taking over from London-based partner Philip Perrotta. Jebely, who joined Clydes as counsel in March 2011 from Ashurst in Hong Kong, was previously head of aviation finance for Asia and Africa, having taken an active role in developing the regional practice, which now consists of one partner, four associates and one paralegal.
January 19, 2014 at 10:49 PM
2 minute read
Clyde & Co has promoted Hong Kong partner Paul Jebely to head the global aviation finance practice, taking over from London-based partner Philip Perrotta.
Jebely, who joined Clydes as counsel in 2011 from Ashurst in Hong Kong, was previously head of aviation finance for Asia and Africa, having taken an active role in developing the regional practice, which now consists of one partner, four associates and one paralegal.
Predecessor Perrotta, who remains a senior partner in the aviation group in London, previously took the leadership role in 2011 from Gavin Hill, who left the firm for Vedder Price.
He joined the firm's aviation finance group in 2006 as a partner from Stephenson Harwood.
Globally, the aviation finance team has six partners working across London, Dubai and Hong Kong.
Key clients including Investec, Credit Suisse, GE Capital, ILFC, Minsheng, Air France and Aeroflot, whilst in the past three months the group has advised on more than $10bn worth of separate new aircraft orders.
Jebely's appointment comes as increasingly more UK and global law firms are relocating senior partners and practice group heads to the Asia-Pacific region, or promoting partners already based on the ground to global roles.
A survey of 30 UK and US law firms by Legal Week last March found that 57% of those firms had at least one global practice head, department co-chair or deputy chair based in Asia, with the majority of these appointed since the start of 2010.
Examples last year include Ropes & Gray, who moved its co-head of global M&A James Lidbury to Hong Kong in November a bid to meet increasing demand from its private equity clients in Asia, and Clifford Chance, which relocated its global head of restructuring and insolvency Mark Hyde to Hong Kong in March to head the Asia group.
Among the UK firms with one or more global practice heads based in Asia currently include Freshfields Bruckhaus Deringer, Herbert Smith, Linklaters, Allen & Overy, Norton Rose, Olswang, SJ Berwin, Stephenson Harwood, Berwin Leighton Paisner and RPC.
Related: Top firms relocate more senior lawyers to Asia as East's rise continues
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