Proskauer continues finance build out with former A&O Shearman and Milbank hire

Proskauer introduced right this moment that it has employed former A&O Shearman and Milbank accomplice John Goldfinch into its world finance follow. He’ll begin on the agency’s London workplace on 2 December.

Goldfinch brings greater than twenty years of expertise in structured finance, with a specific deal with collateralised mortgage obligations (CLOs). He’s the sixth accomplice to affix Proskauer’s finance follow in London this yr, following Philip Bowden and Megan Lawrence from A&O Shearman and Jake Keaveny, Warren Newton, and Court docket Tisdale from Cahill. Every of the hires has frolicked at legacy A&O with the only exception of Tisdale, who was an affiliate at Latham & Watkins earlier than spending two years at Cahill as a counsel.

The rent is the subsequent step in a method that sees Proskauer layer broader banking and finance experience on high of its established personal credit score providing. The agency argues that this may allow it to capitalise on a booming market during which, as Bowden stated to LB in an October interview, ‘personal credit score are the brand new banks’. 

‘John is certainly one of Europe’s main structured finance legal professionals and brings formidable expertise within the CLO market’, Proskauer chair Tim Mungovan stated in a press release. ‘As we proceed to make sure our purchasers’ wants are met throughout each side of capital markets, John’s experience solely strengthens Proskauer’s skill to service asset managers throughout the UK, Europe and the US’.

Bowden, who co-heads the worldwide finance follow, added: ‘CLO issuance is growing and John’s in depth work within the sector will assist our asset supervisor purchasers capitalise on the alternatives forward. John is unmatched in his expertise, and including him to our finance workforce deepens our bench of specialists to assist our purchasers’ rising wants.’

Goldfinch joined then-A&O in February as a part of a five-lawyer workforce after over twelve years at Milbank. He left the agency in September following a drink-driving conviction.

Commenting on his transfer in a press release, Goldfinch stated: ‘I’m delighted to affix Proskauer and construct on my work within the structured finance house as a part of the Agency’s broader World Finance technique. As demand within the sector inexorably grows, purchasers who look to innovate and differentiate themselves want a agency with deep expertise throughout the total spectrum of asset administration follow areas, together with CLOs.

‘Proskauer is a worldwide chief in fund formation, personal credit score and world finance. That is an thrilling and compelling alternative to affix a agency whose technique and focus in these areas is unmatched. I’m very a lot trying ahead to contributing to and strengthening their platform as we assist purchasers’ continued success.’

alexander.ryan@legalbusiness.co.uk