Anna Rips, who has spent 17 years as a funds partner at Skadden, Arps, Slate, Meagher & Flom, has recently switched loyalties to join Paul Hastings in New York City. As confirmed by Paul Hastings, Rips’ induction marks the signing of the eighth partner to their funds practice in the span of the preceding nine months.
The recent inclusion of Rips bears testament to the firm’s growth strategy, which has seen the addition of individuals including John Budetti, and a team of six former partners from Kirkland & Ellis. The firm’s consistent attempts at fortifying its investment funds and private capital practice is evidence of a larger trend that’s driving growth in Big Law firms.
Paul Hastings’ efforts mirror the industry trend. Amid a widespread expansion in the practice, there has been an intense competitive climate for high-performing partners among the world’s top law firms.
More details on Rips’ transfer and the ongoing growth of Paul Hastings can be found in Legal American’s report.