Linklaters Loses Funds Team in New York
The departure of three funds lawyers makes Linklaters the second London firm to lose talent in New York this week.
April 02, 2019 at 12:10 PM
3 minute read
The original version of this story was published on The American Lawyer
New York City. Photo: Shutterstock.com
Debevoise & Plimpton announced on Tuesday that it will be adding three funds lawyers from Linklaters, including the head of the U.K. firm's investments funds group in New York, Lorna Bowen.
The news that Bowen, Justin Storms and Andrew Ford are set to join Debevoise on April 15 makes Linklaters the second London firm losing partners in New York this week. On Monday, Orrick Herrington & Sutcliffe announced that it had hired an infrastructure expert from Ashurst.
"Lorna, Justin and Andrew are tremendously talented attorneys who are highly respected in the asset management industry. Their addition to our premier global investment funds practice is exciting for the firm, further enhancing the talent and resources we make available to our clients seeking exceptional fund formation advice," Michael Blair, the firm's presiding partner, said in a statement.
Bowen, Storms and Ford together represent a range of alternative asset managers. They focus on the structuring, formation and regulation of funds investing in all types of alternative asset classes, often as first movers.
"Debevoise has a stellar reputation around the world as a preferred partner for investment firms seeking the highest quality, most commercial, market-aware and creative advice," Bowen said in a statement.
The Debevoise funds practice broke its previous revenue records this past year, advising on more than 100 private funds targeting more than $125 billion in commitments, according to private equity group co-chair Rebecca F. Silberstein.
"We have worked closely with Lorna, Justin and Andrew on complex client matters for years and have been impressed by the team's creativity, keen insight and practical approach," Silberstein said in a statement. "Collectively, they have represented some of the world's largest and most prestigious funds, and will provide enormous value to our clients as our funds practice continues to grow."
Debevoise hired several funds partners in 2017, bringing on Patricia Volhard from German firm Pöllath + Partners in London and Frankfurt, as well as Simon Witney in London from King & Wood Mallesons.
A spokeswoman for Linklaters said the firm remained committed to growing its funds practice in the U.S., both in New York and Washington, D.C.
"Lorna, Justin and Andrew have been great colleagues and we wish them well in the next phase of their careers," she added.
The firm has made a series of lateral partner hires in Washington in recent months, most recently bringing on bankruptcy partner Amy Edgy from Jones Day and financial regulatory partner Jerome Roche from Mayer Brown.
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