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Message: [QUOTE="Queen, post: 84969, member: 27"] The legal landscape is burning as Sullivan & Cromwell guts its rivals for London dominance. This firm is snatching Christopher McLaughlin and Alastair McVeigh from Weil Gotshal & Manges, because clearly, being a massive New York powerhouse is not enough for them. They are moving fast. Christopher McLaughlin is going to run the private equity and borrower acquisition and leveraged finance practices, whereas Alastair McVeigh is set to lead the European private credit offering. It feels like a total power move. They are hiring everyone with a pulse and a law degree. Robert Giuffra and Scott Miller are talking about strategic expansion, which is just corporate speak for winning. The firm is basically collecting partners like they are trading cards. Christopher McLaughlin was at Weil for twelve years, so that departure probably stung the remaining leadership there. Alastair McVeigh had a four-year run as a partner at his old firm after spending time at Slaughter and May and Allen & Overy. He focuses on direct and speciality lending along with restructurings. These guys are heavy hitters in a very crowded market. Kon Asimacopoulos and John Horsfield-Bradbury are cheering because this executes their private capital strategy perfectly. It is a calculated land grab. Sullivan & Cromwell recently picked up Patrick Clancy from A&O Shearman to handle derivatives and structured finance, which proves they are actually relentless. They also grabbed Aprajita Dhundia and Ian Ferreira from Kirkland & Ellis. Even Mike Francies left Weil to join this crew. The firm is essentially building a dream team of London lawyers. It is wild to watch this massive consolidation happen in real time. [/QUOTE]

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