Latham & Watkins London office signLatham Departures Continue as Capital Markets Partner Joins Greenberg in London
Latham & Watkins has seen a wave of departures in recent months.
November 13, 2024 at 11:18 AM
2 minute read
Latham & Watkins has suffered yet another exit in London following the departure of a partner to fellow U.S. outfit Greenberg Traurig.
Capital markets partner Fritz Ernemann announced yesterday on LinkedIn that he was joining the London office of Miami-founded firm Greenberg Traurig.
Ernemann, who has been at Latham for almost 15 years according to his LinkedIn profile, first made partner at the firm in 2018. Prior to that, he was an associate in the capital markets team at Cahill, Gordon & Reindel in New York.
His departure comes following the exits of several other Latham partners in recent months. In the last month, Sidley Austin has scooped up seven partners from the firm, including debt capital market partners Scott Colwell and Patrick Kwak, and a five-partner leveraged finance team headed up by partners Jay Sadanandan, and Sam Hamilton.
The firm has also suffered exits in Europe, including among others, banking partners Oliver Seiler and David Rath, who left for White & Case; a six-strong alternative investments team, led by partner Alex Martin, to Milbank.
Many of the moves came after the firm made significant changes to its remuneration system, adding a "super" points tier to best reward its highest-billing partners.
Greenberg, meanwhile, like many of its U.S. counterparts in London, has been steadily building out its London ranks. In June the firm added Cadwalader, Wickersham & Taft real estate finance partner Duncan Hubbard to its finance and restructuring practice. In November 2023, the firm added Weil, Gotshal & Manges lawyer Luke Lado to its leverage finance practice.
Commenting on the recent addition, London managing shareholder and co-chair of the corporate practice Fiona Adams said: “Fritz is an ideal addition to our excellent London capital markets practice”.
“His knowledge and experience across such a range of capital markets matters, spanning the financial institutions sector and other key industries, significantly enhances our offering for clients in London, the US, and around the globe.”
“We wish Fritz all the best in his new role” a spokesperson for Latham & Watkins said.
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