Quinn hires Macfarlanes financial services chief in latest City push
Elite City firm sees rare partner exit as David Berman becomes Quinn's fifth lateral hire in London this year
September 26, 2016 at 09:57 AM
3 minute read
Quinn Emanuel Urquhart & Sullivan has hired Macfarlanes financial services head David Berman, in London, in a rare exit for the UK firm.
Berman, who is leaving after seven years at Macfarlanes, adds financial regulatory expertise to Quinn's existing white-collar practice in London.
He will join as London head of regulatory and financial services, though his start date is not yet confirmed.
Berman joined Macfarlanes as a partner in 2009 from legacy Anglo-German investment bank Dresdner Kleinwort, where his roles included heading up the UK business and client management team. Dresdner Kleinwort was taken over by Commerzbank in 2009.
He has direct experience dealing with UK financial services regulator, the Financial Conduct Authority (FCA), and advising on matters including internal investigations.
Berman said: "I look forward to bringing an added, and complementary, dimension to Quinn's world-class investigations and white-collar practice."
London co-managing partner Richard East (pictured) said: "David's financial services regulatory expertise and credentials perfectly complement our leading investigations and white-collar practice – an area of continued strategic focus and growth."
It is not yet clear who will replace Berman at Macfarlanes as head of financial services.
Macfarlanes senior partner Charles Martin said: "We are sorry to see David go. He is leaving for a very different platform and new challenges. We wish him well."
Pressure from UK regulators has led to increasing demand for legal advice since the financial recession. Macfarlanes hired Berman the same week that FCA predecessor the Financial Services Authority promised to usher in a tougher, more interventionist approach to policing the City.
His hire marks the fifth lateral partner hire by Quinn in London so far this year, taking the office to 19 partners. It comes after the litigation leader hired Covington & Burling partner and former Serious Fraud Office prosecutor Robert Amaee in August, to launch a new London white-collar and corporate investigations practice.
The other recruits include Herbert Smith Freehills construction partner James Bremen in June; Clyde & Co litigation partner Paul Friedman in February; and DLA Piper's UK competition head Kate Vernon in March.
However, last week Quinn was hit by the exits of Moscow arbitration partners Ivan Marisin and Vasily Kuznetsov to US rival Baker Botts.
Macfarlanes rarely loses partners to rival firms or makes lateral hires.
Exits from the firm include the 2011 departure of corporate partner Rachel Bond to take up an in-house role at financial services company Byhiras, while planning head Ian Ginbey and real estate partner Richard Reuben departed for Clyde & Co and Fladgate respectively.
Recent hires for Macfarlanes include Ashurst City real estate partner Gerald Kelly in December last year. The firm hired Shearman & Sterling real estate partner Clare Breeze in 2013. Earlier that year, it also brought in investment funds partner Simon Thomas from US firm Akin Gump.
This content has been archived. It is available through our partners, LexisNexis® and Bloomberg Law.
To view this content, please continue to their sites.
Not a Lexis Subscriber?
Subscribe Now
Not a Bloomberg Law Subscriber?
Subscribe Now
NOT FOR REPRINT
© 2025 ALM Global, LLC, All Rights Reserved. Request academic re-use from www.copyright.com. All other uses, submit a request to [email protected]. For more information visit Asset & Logo Licensing.
You Might Like
View AllGerman Court Orders X to Release Data Amid Election Interference Concerns
De Brauw Partner Departs for In-House Role with Swiss Family Enterprise
Hengeler Advises On €7B Baltica 2 Wind Farm Deal Between Ørsted and PGE
2 minute readTrending Stories
- 1States Accuse Trump of Thwarting Court's Funding Restoration Order
- 2Microsoft Becomes Latest Tech Company to Face Claims of Stealing Marketing Commissions From Influencers
- 3Coral Gables Attorney Busted for Stalking Lawyer
- 4Trump's DOJ Delays Releasing Jan. 6 FBI Agents List Under Consent Order
- 5Securities Report Says That 2024 Settlements Passed a Total of $5.2B
Who Got The Work
J. Brugh Lower of Gibbons has entered an appearance for industrial equipment supplier Devco Corporation in a pending trademark infringement lawsuit. The suit, accusing the defendant of selling knock-off Graco products, was filed Dec. 18 in New Jersey District Court by Rivkin Radler on behalf of Graco Inc. and Graco Minnesota. The case, assigned to U.S. District Judge Zahid N. Quraishi, is 3:24-cv-11294, Graco Inc. et al v. Devco Corporation.
Who Got The Work
Rebecca Maller-Stein and Kent A. Yalowitz of Arnold & Porter Kaye Scholer have entered their appearances for Hanaco Venture Capital and its executives, Lior Prosor and David Frankel, in a pending securities lawsuit. The action, filed on Dec. 24 in New York Southern District Court by Zell, Aron & Co. on behalf of Goldeneye Advisors, accuses the defendants of negligently and fraudulently managing the plaintiff's $1 million investment. The case, assigned to U.S. District Judge Vernon S. Broderick, is 1:24-cv-09918, Goldeneye Advisors, LLC v. Hanaco Venture Capital, Ltd. et al.
Who Got The Work
Attorneys from A&O Shearman has stepped in as defense counsel for Toronto-Dominion Bank and other defendants in a pending securities class action. The suit, filed Dec. 11 in New York Southern District Court by Bleichmar Fonti & Auld, accuses the defendants of concealing the bank's 'pervasive' deficiencies in regards to its compliance with the Bank Secrecy Act and the quality of its anti-money laundering controls. The case, assigned to U.S. District Judge Arun Subramanian, is 1:24-cv-09445, Gonzalez v. The Toronto-Dominion Bank et al.
Who Got The Work
Crown Castle International, a Pennsylvania company providing shared communications infrastructure, has turned to Luke D. Wolf of Gordon Rees Scully Mansukhani to fend off a pending breach-of-contract lawsuit. The court action, filed Nov. 25 in Michigan Eastern District Court by Hooper Hathaway PC on behalf of The Town Residences LLC, accuses Crown Castle of failing to transfer approximately $30,000 in utility payments from T-Mobile in breach of a roof-top lease and assignment agreement. The case, assigned to U.S. District Judge Susan K. Declercq, is 2:24-cv-13131, The Town Residences LLC v. T-Mobile US, Inc. et al.
Who Got The Work
Wilfred P. Coronato and Daniel M. Schwartz of McCarter & English have stepped in as defense counsel to Electrolux Home Products Inc. in a pending product liability lawsuit. The court action, filed Nov. 26 in New York Eastern District Court by Poulos Lopiccolo PC and Nagel Rice LLP on behalf of David Stern, alleges that the defendant's refrigerators’ drawers and shelving repeatedly break and fall apart within months after purchase. The case, assigned to U.S. District Judge Joan M. Azrack, is 2:24-cv-08204, Stern v. Electrolux Home Products, Inc.
Featured Firms
Law Offices of Gary Martin Hays & Associates, P.C.
(470) 294-1674
Law Offices of Mark E. Salomone
(857) 444-6468
Smith & Hassler
(713) 739-1250