Milbank Raids Latham, Makes Away with 5-Partner Banking & Leveraged Finance Team
The New York office of Latham & Watkins is short five partners following a raid on the 2,000-lawyer firm this week by Milbank Tweed Hadley & McCloy.
The departing banking and leveraged finance team is headed by former Latham global banking co-chair Marc Hanrahan, reports the New York Law Journal in an article reprinted by New York Lawyer (reg. req.).
The group will have “an enormously positive impact on our traditionally strong banking and leveraged finance practice and enhance many other practice areas of the firm, including financial restructuring, litigation, securities and corporate,” says Mel Immergut, the chairman of the Milbank firm.
James Brandt, who serves as managing partner of Latham’s office in New York, wished the five partners well and said their departure leaves his firm with “a very deep bench of talent” across its leveraged finance practice, the legal publication reports. It has 25 partners in the practice group, which Brandt describes as “phenomenally strong.”
A Milbank press release provides additional details about the five-partner group.
