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The New York office of Freshfields Bruckhaus Deringer has lost one of the two partners hired to boost the firm’s US practice a month after the firm publicly announced the appointments.Mark Spivak, co-head of the project development and finance at Vinson & Elkins, has decided to remain at the Texas-based firm.Although Spivak had not agreed a start date with Freshfields, he was due to join structured finance partner Tim Little, who joined the magic circle firm’s New York office from Shearman & Sterling at the end of July.Legal Week understands that Spivak has decided to stay at Vinson & Elkins for personal reasons.“We still have a strong project finance group in the US and Spivak was not joining to fill a gap,” said Stephen Revell, head of the Freshfields’ US practice.“Mark is of great importance to the office and the project finance practice both in Washington and globally,” said Jay Hebert, co-managing partner of Vinson & Elkins Washington office.At the beginning of July rival magic circle firm Allen & Overy (A&O) appointed two partners from Vinson & Elkins to its New York practice, including its New York office’s head of corporate, Eric Shube.

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