Weil Gotshal in post-crunch City finance shake-up
Weil Gotshal & Manges has merged its London banking and securitisation practices, as the New York firm moves to deal with the dearth of structured finance work brought on by the credit crunch. The new group, led by co-head of the firm's structured finance practice Jacky Kelly, launched earlier this month and includes six partners and 25 legal staff. It is thought some of Weil Gotshal's other international offices may also consider adopting the plan. Associates will be given training to get up to speed on the broader practice. Kelly said: "Given the market and the events that have occurred in the financial institutions sector, we are convinced that widening the skillset of the finance lawyers in the office will be extremely beneficial for the firm, the office, the lawyers and our clients."
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