After several years of dramatic moves in the private equity community, City observers have been waiting a while for a really interesting transfer, so perhaps it is surprising that, when it came, it wasn’t a law firm that was doing the hiring.

The appointment in question, of course, is Charles Barter’s move to become Bridgepoint Capital as general counsel. By any standard, it is an interesting move. The Travers Smith veteran has impeccable buy-out credentials, having helped to co-found the firm’s much-admired private equity team in 1996.