From left: Steven Davis, Justin Breen and Philip Bowden, Proskauer Rose, Courtesy Photos How Philip Bowden's Hire Fits into Proskauer's London Strategy
"All of our competitors are really ramping up on the private credit front. We welcome it," say the leaders of Proskauer Rose's fast-growing London operation, following the hire of the A&O Shearman duo.
July 22, 2024 at 06:41 AM
5 minute read
While it is hardly unusual for large U.S.-led law firms to hire well known partners in London, Proskauer Rose's hire of A&O Shearman's private capital co-head Philip Bowden and leveraged finance partner Megan Lawrence earlier this month stood out as a statement of intent.
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Michael G. Bongiorno, Andrew Scott Dulberg and Elizabeth E. Driscoll from Wilmer Cutler Pickering Hale and Dorr have stepped in to represent Symbotic Inc., an A.I.-enabled technology platform that focuses on increasing supply chain efficiency, and other defendants in a pending shareholder derivative lawsuit. The case, filed Oct. 2 in Massachusetts District Court by the Brown Law Firm on behalf of Stephen Austen, accuses certain officers and directors of misleading investors in regard to Symbotic's potential for margin growth by failing to disclose that the company was not equipped to timely deploy its systems or manage expenses through project delays. The case, assigned to U.S. District Judge Nathaniel M. Gorton, is 1:24-cv-12522, Austen v. Cohen et al.
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