Denton Wilde Sapte is in the unfortunate position of having been on the receiving end of one of the largest team moves in recent years. But it could be argued that the departure of the firm’s technology, media and telecoms (TMT) team to DLA Piper Rudnick Gray Cary was less damaging than the decision just before Christmas of leveraged finance partners Chris Fanner and Ian Yeo to up sticks for Herbert Smith.

After all, Dentons’ strategy is to focus on its core strengths – and finance is about as core as you can get for the firm.