A trio of Allen & Overy (A&O) real estate partners, including the firm's former US practice leader, have left the magic circle firm's Manhattan office to join Milbank Tweed Hadley & McCloy.

Kevin O'Shea (pictured above), Erwin Dweck and Yaakov Sheinfeld, who made up the bulk of A&O's real estate practice in New York, joined Milbank on Monday (14 November). O'Shea was senior partner of the US practice at A&O and head of the firm's US real estate practice.

The trio's clients include financial institutions, investment banks, private equity funds, hedge funds, pension funds and real estate investment trusts. Their practices focus on real estate transactions including commercial real estate finance, mezzanine finance, preferred equity, complex equity and joint venture investments, among other areas. Clients have included SL Green, Oxford Properties, AllianceBernstein's commercial real estate funds and Pimco.

O'Shea, who joined A&O in 2002, was succeeded by David Krischer as US managing partner in early 2013. O'Shea then became the firm's first US senior partner – an external, client-facing role with less responsibility for the strategy or administration of the practice, according to a 2013 article by The American Lawyer, which reported that A&O had restructured its New York office after the firm's US offices had lost a quarter of a billion dollars over two decades.

A&O's other departures this year include Robert Grados, a New York real estate partner who moved to Jones Day in February. However, the firm also added a five-partner leverage finance team in July, luring Scott Zemser, Alan Rockwell and Judah Frogel from White & Case; Rajani Gupta from Proskauer Rose; and Todd Koretzky, then an associate, from Milbank.

Dweck said that moving to Milbank offers clear advantages. "It gives us an opportunity to expand our practice in a way that A&O could not. A broader domestic platform was important to us. Milbank has a much more established US presence," he said.

Dweck also said the group is leaving on good terms, calling A&O a "remarkably fantastic firm".

The magic circle firm's remaining real estate-focused partners in New York include Jay Pultman, in commercial and real estate litigation, and Mitchell Silk, who leads the firm's US China group.

A&O has made 20 lateral hires so far this year, including the leverage finance team in Manhattan. In a statement, a spokesman said the firm wished the departing trio well. "We have a strong global real estate practice, covering the whole spectrum of real estate work," he said, adding: "The US is a strategic priority for us and our long-term goal is to be recognised as having leading US practices in all our key global components."