Ropes & Grey builds private equity practice with Jones Day hire

Global law firm Ropes & Gray has developed its private equity practice with the hire of Peter Baldwin, a corporate partner from Jones Day. Baldwin is the second private equity lawyer to be hired by the firm in recent weeks, joining Kiran Sharma to build a practice that aims to capitalise on an increase in debt restructuring work. Maurice Allen, co-head of the London team, said: “We’ve done a lot of restructuring work over the past year -- including the KCA Deutag case that’s going on at the moment -- an area which we expect to continue growing. “The firm traditionally has tended to act for junior lenders in restructuring work and that is where a lot the activity is at the moment because they have more of an interest in making things happen.” The firm aims to three more private equity partners by the summer.

Ropes & Grey builds private equity practice with Jones Day hire efinancialnews.com Fri, Mar 11, 2011