DLA recruits Kirkland and ex-Gibson Dunn partners in double leveraged finance hire
Former Gibson Dunn partner Philip Crump joins DLA as London leveraged finance head
August 22, 2017 at 07:01 PM
3 minute read
DLA Piper has made a double hire for its leveraged finance practice in London and Hong Kong, including former Gibson Dunn & Crutcher partner Philip Crump.
Crump, who will now lead DLA's leveraged finance team in London, is joining alongside Kirkland & Ellis Hong Kong partner Doug Murning, who will initially split his time between DLA's London and Hong Kong bases.
Crump, whose practice covers traditional sponsor and lender side leveraged finance, joined Gibson Dunn from Kirkland in 2015, but left this January after less than two years at the firm.
Before that he was a partner at Kirkland from 2007 to 2015, during which time he advised on deals including Ontario Teachers' Pension Plan's 2013 acquisition of Burton's Biscuits, KKR's €241m investment in Spanish pizza chain TelePizza in 2014, and TV production company Endemol's €2bn debt restructuring in 2011.
Murning, meanwhile, has been a partner in Kirkland's Hong Kong base since 2011, when he joined from Allen & Overy (A&O), where he was a senior associate.
His move to Kirkland came as the US firm ramped up its presence in Hong Kong with a series of hires from A&O, Latham & Watkins and Skadden Arps Skate Meagher & Flom. During his time at the US firm he has advised clients including Bain Capital Credit, KPMG and Citigroup.
The hires for DLA come after the firm's recent appointment of UK finance chief Martin Bartlam as international head of finance and projects. The firm also this year signed up former Ropes & Gray London head Maurice Allen as a senior consultant to work on the strategy of its financial services division.
In a statement, Bartlam said: "Phil is extremely knowledgeable and highly thought of in the leverage finance market. Doug is a well-reputed finance lawyer who provides immense energy, enabling us to further service the growing markets in Europe and Asia. With this new team and our existing international finance practice, we are ideally placed to serve the global financing requirements of our client base."
Crump added: "What DLA Piper is building is an incredibly attractive, global finance proposition. The firm's reach, alongside an already strong team, provides the perfect platform from which to service global finance clients."
Other additions to DLA's London finance team in recent years include former Baker McKenzie structured capital markets head Vincent Keaveny and former Slaughter and May partner Mark Dwyer, both of who joined in late 2015.
However, last year the practice saw two partner exits, with debt finance duo Philip Butler and David Miles leaving to join Dechert's London office in December.
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