Perhaps it is just that notable restructuring moves come around so rarely, but Nick Segal’s move from Davis Polk & Wardwell to Freshfields Bruckhaus Deringer has got peers talking. After all, he had not been in the US for long and could always have returned to Allen & Overy (A&O).
Conspiracy theories were fuelled by A&O’s partnership retention problems of late, and by Davis Polk’s curious announcement that it would have been impractical to practise US insolvency law from London, which seems to somewhat contradict the Wall Street firm’s European strategy.
