(Photo: Diego M. Radzinschi/ALM)
DLA Piper has made a double partner hire for its leverage finance practice in London and Hong Kong.
The global legal giant has hired former Gibson, Dunn & Crutcher partner Philip Crump to head its leveraged finance group in London, while also welcoming ex-Kirkland & Ellis partner Douglas Murning, who will split his time between London and Hong Kong.
Crump, whose practice covers traditional sponsor and lender-side leverage finance, joined Gibson Dunn from Kirkland in 2015, but left the former in January after less than two years at the firm. Before that Crump worked at Kirkland from 2007 to 2015, during which time he advised on several notable deals, such as television production company Endemol’s $3.9 billion debt restructuring in 2011, the Ontario Teachers’ Pension Plan’s purchase of Burton’s Biscuits in 2013 and KKR & Co. LP’s investment in Spanish pizza chain TelePizza in 2014.
Murning has been a Kirkland partner in Hong Kong since 2011, when he joined the firm from Allen & Overy, where he was a senior associate. Murning’s move to Kirkland came as the Chicago-based firm ramped up its presence in Hong Kong with a series of lateral hires from Allen & Overy, Latham & Watkins and Skadden, Arps, Slate, Meagher & Flom. During Murning’s time at Kirkland, he advised clients such as Bain Capital Credit, KPMG LLP and Citigroup Inc.
The hires by DLA Piper come after the global legal giant’s recent appointment of U.K. finance chief Martin Bartlam as its international head of finance and projects. DLA Piper also reeled in Ropes & Gray’s former London head Maurice Allen as a senior consultant to work on strategy for the firm’s financial services section. In June, DLA Piper hired partner Michael Silva to lead its new financial services regulatory subgroup in New York.
DLA Piper, which earlier this month shook up its leadership in Asia, has been busy in recent weeks making lateral hires and other acquisitions. The firm announced in late July its absorption of 60-lawyer Los Angeles firm Liner and addition of Alston & Bird finance partner Kevin Gooch in Atlanta. Earlier this month, DLA Piper picked up Paul Hastings energy partner Gislar Donnenberg and energy company in-house lawyer Deanna Reitman in Houston, Faegre Baker Daniels finance and restructuring partner Michael Fisco in Minneapolis and insurance of counsel P. Nicholas Kourides in New York, where he was most recently a senior vice president and deputy general counsel at American International Group Inc.
Just this week, DLA Piper also added Akerman white-collar litigation partner Christopher Oprison in Miami, where the former Bush administration lawyer had worked since 2014, and projects partner Kjell-André Honerud in Oslo. In a statement, Crump praised the global presence of DLA Piper, which saw its gross revenue slip slightly in 2016, although profits per equity partner hit a record high of $1.655 million.
“What DLA Piper is building is an incredibly attractive, global finance proposition,” he said. “The firm’s reach, alongside an already strong team, provides the perfect platform from which to service global finance clients.”
Other additions to DLA Piper’s London finance team in recent years include former Baker McKenzie structured capital markets head Vincent Keaveny and ex-Slaughter and May partner Mark Dwyer, both of whom joined the firm in late 2015. Despite those additions, DLA Piper saw debt finance duo Philip Butler and David Miles leave the firm in December for Dechert.
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