Goodwin hires five-lawyer KWM Paris team as London training contracts are cancelled
KWM's French international funds co-head joins Goodwin as firm prepares to cancel TCs
January 12, 2017 at 06:04 AM
2 minute read
King & Wood Mallesons' (KWM) French international funds co-head Arnaud David is to join Goodwin Procter as part of a five-lawyer team from the firm.
David, who joined legacy SJ Berwin as a partner in 2001 and is ranked in Band 2 in Chambers, works with fund sponsors in the formation and ongoing representation of investment funds.
His move to Goodwin will reunite him with the six-partner Paris private equity team that joined the US firm in April last year, as well as a host of former KWM partners in London.
Christophe Digoy, former managing partner of KWM's Paris office and corporate co-head, led the team that joined Goodwin to launch its Paris office in 2016.
Goodwin had already hired fellow KWM alumni Richard Lever, previously co-head of corporate in London at KWM, for its City operation in April 2015.
The Paris hiring prompted KWM to launch claims against both Goodwin and Lever in the Queen's Bench Division of the High Court in 2016. However, Legal Week revealed yesterday (12 January) that this litigation has now been dropped as part of a deal that also sees Goodwin take on a team of 26 KWM lawyers in London.
Fifteen associates joined the US firm in London yesterday, alongside six partners whose moves had already been announced, with five trainees expected to join shortly.
In addition to the KWM team hire, Goodwin has also strengthened its Paris arm with the addition of tax partner Marie-Laure Bruneel from local firm De Pardieu Brocas Maffei. The hires mean the US firm now has 10 partners and 40 lawyers.
Separately, KWM has announced that its London trainees' training contracts will be cancelled tomorrow, ahead of the administration of the European arm.
A spokesperson for the firm said: "In order for trainees to transfer to a new firm, the training contracts need to be terminated, so this is the necessary and responsible thing for us to do."
KWM Europe is expected to file for administration tomorrow. A raft of City firms including Linklaters and Allen & Overy have jumped in to rescue the stricken firm's trainees, interviewing them for positions. All existing trainees are expected to find new firms in which to continue their training contracts.
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