Clifford Chance lands five-strong Bingham finance team in Washington DC
CC has become the latest law firm to benefit from the winding down of Bingham McCutchen, with the hire of a team led by Washington DC partners Robert Gross and William Cejudo.
December 01, 2014 at 11:05 AM
2 minute read
Clifford Chance (CC) has become the latest law firm to benefit from the winding down of Bingham McCutchen, with the hire of a five-strong team in Washington DC, including partners Robert Gross and William Cejudo.
The group, which also includes counsels Robert Patrick Hagan and Leah Willmore and associate John Lust, have been added to bolster what CC sees as a re-emergence in the residential securitisation market.
Gross, who had been at Bingham since 2009, advises investment banks, hedge funds, investors and insurers on a range of structured and asset-based financings, while Cejudo focuses on the tax aspects of structured finance transactions.
At CC, the five-strong group will join a team led by partners Steven Kolyer and Robert Villani. CC now counts 69 partners across its offices in the US capital and New York.
"We've been working for some time to bring Bob, Will and their team to Clifford Chance," said the firms's managing partner for the Americas, Evan Cohen.
"They are top-notch lawyers whose arrivals broaden our structured finance capabilities, increase our US footprint, and presents valuable collaborative opportunities in connection with our industry-leading REITs practice."
"There are few lawyers like Bob and Will who are on the cutting edge of that market," added Americas corporate practice leader David Brinton. "They have established themselves as among the top lawyers in the country working in this space."
Last month, the majority of Bingham's partners, lawyers and support staff moved to Philadelphia-headquartered Morgan Lewis & Bockius, in what amounted to a law firms acquisition.
The group, which included some 226 partners and more than 525 lawyers, legal professionals and staff from Bingham, has left the Boston-headquartered firm, which is set to dissolve, with just a handful of partners set to retire or seeking new homes.
Others to have left Bingham in the US include Boston partners William Berkowitz, James McGrath, Brandon Bigelow and Jonathan Skelton, who left for Seyfarth Shaw, and Jeffrey Sabin and Sandra Montgomery, formerly of Bingham's New York and Los Angeles offices respectively, who joined Proskauer Rose.
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