McDermott Sees Third Partner Exit in a Week
Leveraged finance partner Peter Crichton is set to join a U.K. firm.
May 08, 2019 at 09:43 AM
2 minute read
McDermott Will & Emery
U.S. firm McDermott Will & Emery has seen another partner leave its London office, with leveraged finance partner Peter Crichton exiting to join Addleshaw Goddard.
Crichton has been a partner at McDermott for two years and specialises in syndicated, leveraged and structured finance transactions and restructurings.
He joined McDermott in 2017 from CMS Cameron McKenna, prior to which he was a partner at DLA Piper.
Crichton is the third McDermott partner to leave the U.S. firm's London outpost in one week.
Restructuring partner Alicia Videon and energy partner Andrew Watson left for listed firm Keystone Law last week (May 3).
The duo rejoined restructuring partner Alan Gar, who left McDermott after a year's stint for Keystone in late 2018.
Addleshaw Goddard finance and projects division managing partner Amanda Gray said in a statement: "The leveraged finance market is becoming increasingly fractured, with an ever-growing number of lenders, and we have seen a proliferation in debt funds.
"Peter's appointment provides necessary bandwidth to win new market share across the broad spectrum of this market, as well as additional resource to combine with our award-winning private equity team on sponsor-side transactions."
Earlier today (May 8), Addleshaws revealed its continental Europe expansion plans, which it has set in motion with a 10-lawyer team hire from Bryan Cave Leighton Paisner in Hamburg.
McDermott London managing partner Hamid Yunis told Legal Week: "Our plan now is to grow in London – we have active plans in corporate, M&A and PE.
"The people who have left might have better platforms elsewhere for them and we wish them well."
This content has been archived.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 All
CAT Dismisses Claim Because Class Rep Lacked ‘Understanding’ of Own Funding Arrangement
CMS Sheds 15 Real Estate Lawyers Following Second Redundancy Round in 18 Months
2 minute read
Former Dentons, Baker McKenzie Partners Join Hong Kong Boutique Linked to China's Yingke
Trending Stories
- 1Coral Gables Firm Secures $26M Settlement
- 2Trump's Second Term Spurs Unusual Alliances Between US and European Law Firms
- 3Honored by NYSBA, 2nd Circuit Chief Judge Livingston's Remarks Stress Judicial Safety
- 4Sanctioned Penn Law Professor Amy Wax Sues University, Alleging Discrimination
- 5Contract Law: Market Inefficiency Bedevils Energy Companies
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
