Paul Weiss is enhancing its funds team in London with the recent acquisition of Jeremy Leggate from competitor Kirkland & Ellis. Leggate, an investment funds partner, has been with Kirkland since 2017, having joined as an associate two years prior. He is expected to start his new role at Paul Weiss’s UK office, as confirmed by individuals familiar with the matter. Paul Weiss representatives have yet to comment on the development.
This move is part of Paul Weiss’s ongoing recruitment campaign in London, which commenced in August 2023, following the departure of their London lead, Alvaro Membrillera, to Kirkland. The firm has successfully attracted several prominent partners in recent months, such as Neel Sachdev, now co-head of Paul Weiss’s London office, alongside recruits from Clifford Chance, Linklaters, and Akin.
The firm’s London office recently relocated to a new, strategically positioned location near key private equity clients. Co-head Neel Sachdev has been optimistic regarding the office’s growth plans, which include the expansion of a newly-established base in Brussels.
In response to the recent trend of partner departures, Kirkland has revised its policies. As of July, the firm now permits withholding deferred pay from departing partners, though it also reduced the notice period required for partners intending to leave.
For more detailed information on this development, visit the original article on Bloomberg Law.