Ropes & Gray captures Travers Smith PE star Phil Sanderson
Travers Smith has lost corporate rainmaker Phil Sanderson to Ropes & Gray, less than two months after he stepped down as head of the firm's private equity practice.
August 27, 2014 at 07:03 AM
2 minute read
Travers Smith has lost corporate rainmaker Phil Sanderson to Ropes & Gray, less than two months after he stepped down as head of the firm's private equity practice.
Sanderson (pictured), who trained at Travers and has been a partner since 2001, had been head of the firm's private equity practice since 2008 before handing the reins to Paul Dolman in a shake-up of senior leadership at the beginning of July.
His clients include UK-focused buyout houses Phoenix, Exponent and Darwin.
Last year, he led a team advising Exponent and a group of investors on the £450m sale of Ambassador Theatre Group (ATG) to US buyout firm Providence Equity Partners. Sanderson previously led for Exponent when it financed ATG's takeover of 16 UK theatres in 2009.
When Sanderson stepped down as Travers' head of private equity earlier this summer, the firm downplayed the significance of the change, stressing that it was part of a strategy to keep the practices fresh by reshuffling management roles.
Earlier this year, Travers also lost junior funds partner Ben Davis, who left for Reed Smith to support the development of the firm's UK and pan-European private equity practice.
Sanderson becomes the sixth partner in Ropes' City private equity transactions group, including special situations practice co-head Peter Baldwin.
The hire is also the first addition to the London office since Ropes signed an agreement last month to double its office space and move into new premises at 1 New Ludgate in September 2015.
Ropes, which currently has 80 lawyers and 40 support staff at the 5 New Street Square base it sub-lets from Taylor Wessing, is expecting to double its headcount in the new office.
Baldwin joined the firm from Jones Day in 2011, the same year the office added Will Rosen and Kiran Sharma from DLA Piper, and relocated Bill Mone from Ropes' Boston office.
The firm's private equity team in London has a roster of clients including TPG Capital, BlackRock and Goldman Sachs Special Situations Group.
This content has been archived. It is available through our partners, LexisNexis® and Bloomberg Law.
To view this content, please continue to their sites.
Not a Lexis Subscriber?
Subscribe Now
Not a Bloomberg Law Subscriber?
Subscribe Now
NOT FOR REPRINT
© 2024 ALM Global, LLC, All Rights Reserved. Request academic re-use from www.copyright.com. All other uses, submit a request to [email protected]. For more information visit Asset & Logo Licensing.
You Might Like
View AllLondon’s Blackstone Chambers Bolsters Asia Presence, Hires Disputes Specialist in Singapore
Middle East Moves: Clyde & Co, Pinsent Masons, Greenberg Traurig, and More Key Hires
3 minute readTrending Stories
- 1City Bar Presents Thomas E. Dewey Awards to Outstanding NYC Prosecutors
- 2NC Solicitor General Park Withdraws His 4th Circuit Nomination
- 3Trump-Appointed Judge Presides Over NASCAR Antitrust Dispute Under Case Reassignment
- 4CFPB Orders Big Banks to Limit Overdraft Fees to $5. But Will Its Edict Stick?
- 5FIFA Faces Legal Challenge Over Winning Saudi World Cup Bid
Who Got The Work
Michael G. Bongiorno, Andrew Scott Dulberg and Elizabeth E. Driscoll from Wilmer Cutler Pickering Hale and Dorr have stepped in to represent Symbotic Inc., an A.I.-enabled technology platform that focuses on increasing supply chain efficiency, and other defendants in a pending shareholder derivative lawsuit. The case, filed Oct. 2 in Massachusetts District Court by the Brown Law Firm on behalf of Stephen Austen, accuses certain officers and directors of misleading investors in regard to Symbotic's potential for margin growth by failing to disclose that the company was not equipped to timely deploy its systems or manage expenses through project delays. The case, assigned to U.S. District Judge Nathaniel M. Gorton, is 1:24-cv-12522, Austen v. Cohen et al.
Who Got The Work
Edmund Polubinski and Marie Killmond of Davis Polk & Wardwell have entered appearances for data platform software development company MongoDB and other defendants in a pending shareholder derivative lawsuit. The action, filed Oct. 7 in New York Southern District Court by the Brown Law Firm, accuses the company's directors and/or officers of falsely expressing confidence in the company’s restructuring of its sales incentive plan and downplaying the severity of decreases in its upfront commitments. The case is 1:24-cv-07594, Roy v. Ittycheria et al.
Who Got The Work
Amy O. Bruchs and Kurt F. Ellison of Michael Best & Friedrich have entered appearances for Epic Systems Corp. in a pending employment discrimination lawsuit. The suit was filed Sept. 7 in Wisconsin Western District Court by Levine Eisberner LLC and Siri & Glimstad on behalf of a project manager who claims that he was wrongfully terminated after applying for a religious exemption to the defendant's COVID-19 vaccine mandate. The case, assigned to U.S. Magistrate Judge Anita Marie Boor, is 3:24-cv-00630, Secker, Nathan v. Epic Systems Corporation.
Who Got The Work
David X. Sullivan, Thomas J. Finn and Gregory A. Hall from McCarter & English have entered appearances for Sunrun Installation Services in a pending civil rights lawsuit. The complaint was filed Sept. 4 in Connecticut District Court by attorney Robert M. Berke on behalf of former employee George Edward Steins, who was arrested and charged with employing an unregistered home improvement salesperson. The complaint alleges that had Sunrun informed the Connecticut Department of Consumer Protection that the plaintiff's employment had ended in 2017 and that he no longer held Sunrun's home improvement contractor license, he would not have been hit with charges, which were dismissed in May 2024. The case, assigned to U.S. District Judge Jeffrey A. Meyer, is 3:24-cv-01423, Steins v. Sunrun, Inc. et al.
Who Got The Work
Greenberg Traurig shareholder Joshua L. Raskin has entered an appearance for boohoo.com UK Ltd. in a pending patent infringement lawsuit. The suit, filed Sept. 3 in Texas Eastern District Court by Rozier Hardt McDonough on behalf of Alto Dynamics, asserts five patents related to an online shopping platform. The case, assigned to U.S. District Judge Rodney Gilstrap, is 2:24-cv-00719, Alto Dynamics, LLC v. boohoo.com UK Limited.
Featured Firms
Law Offices of Gary Martin Hays & Associates, P.C.
(470) 294-1674
Law Offices of Mark E. Salomone
(857) 444-6468
Smith & Hassler
(713) 739-1250