White & Case confirms Sydney and Melbourne launches with three more HSF hires
Trio of hires come on top of 10-partner HSF team announced in September
November 03, 2016 at 06:00 AM
3 minute read
White & Case has confirmed plans to set up shop in Melbourne on 1 December and in Sydney by early 2017, after adding three more lawyers from Herbert Smith Freehills (HSF).
The new recruits – which come after White & Case announced the hires of 10 HSF partners this September – are HSF senior associates Adeline Pang and Ged Cochrane, and special counsel Michelle Keen. All three will join White & Case as partners in Melbourne.
"The arrival of our new partners represents the launch of our practice in Australia, which aligns with our Asia-Pacific strategy to build on the firm's global strengths and supports the growth of our leading global energy, infrastructure and project finance practice," said a statement by White & Case Asia head Eric Berg. "It's another important strategic milestone as we continue to grow our role advising clients across the Asia-Pacific region on their most complex, cross-border matters."
White & Case's interest in expanding into Australia has unnerved some leading local independent firms, with the head of Gilbert + Tobin telling The Australian Financial Review last month that there was no truth to rumours that several top partners were preparing to decamp for the 1,914-lawyer firm.
HSF joint global CEO Mark Rigotti, who was recently appointed sole leader, told the Australian business press in September that his firm was unfazed by the departures. He even hinted at potentially long notice periods for those seeking to join White & Case.
Asked when those prospective hires will be freed to join the firm, a White & Case spokesman said it is in the process of finalising start dates for its other HSF recruits. Among those that gave their notice were HSF Asia-based finance head Brendan Quinn in Melbourne and projects partner Joel Rennie in Sydney. The hires are thought to have around A$30m ($19m) in annual business.
The expansion effort in Australia is a bold move by White & Case, coming at a time when some big firms have closed offices in the country to coincide with the end of the commodities boom.
White & Case's latest hires are energy and infrastructure project development expert Pang, acquisition and project finance specialist Cochrane and environmental planning pro Keen. Asked about the three new hires, HSF once again said its business in the region would remain strong.
"We are well prepared, with a strong succession plan in place; work has commenced to transition current matters to other lawyers," said a HSF statement. "The team in [the Asia-Pacific region] and globally remains strong, and these departures provide opportunities for other talented lawyers in the team to step up."
White & Case saw revenue increase slightly in 2015, to roughly $1.52bn (£1.23bn), according to the firm's most recent Am Law 100 financial data. Profits per partner remained mostly flat at $2.02m (£1.64m).
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