Another week, another Linklaters magic circle partner hire.

The impending end of Tony Angel’s managing partner term seems to have given the City giant the confidence to splash the cash on some big name laterals. While the hire of Freshfields Bruckhaus Deringer acquisition finance partner David Ereira raised a few eyebrows, yesterday’s news that Clifford Chance (CC) rising star Ian Bagshaw is to help rebuild Linklaters’ buy-out team (see story) leaves little doubt that Silk Street is serious about bulking up in private equity.