Allen & Overy hires Lovells PE partner

The London office of law firm Allen & Overy has lured private equity partner Derek Baird from rival Lovells.

International law firm Allen & Overy has expanded its private equity team in London with the appointment of former Lovells partner Derek Baird.
 
According to a spokesperson at Lovells, Baird resigned last week but no date has yet been set for his departure.
 
Baird joined the London office of Lovells in 2002 from Dickson Minto, where he was also a partner. He specialises in domestic and cross-border M&A, advising both private equity and trade buyers.
 
Alan Paul, partner at Allen & Overy welcomed Baird’s appointment. “The London market isn’t full of top class people dedicated to private equity and he’s one of the few, so he’s a very strong addition to the team,” Paul told PEO.
 
Paul said Allen & Overy has around 50 staff across Europe working on private equity deals, with around 10 solely dedicated to the private equity practice. Baird will join three partners focused on private equity in the London office: Susan Howard, Chris Thornes and Jeremy Hunt.
 
Allen & Overy’s London practice has worked with Apax Partners, Macquarie Bank, Charterhouse Capital Partners, Nikko Principal Investments, Pamplona Capital Partners, Towerbrook Capital Partners, HBOS, MidOcean Partners and Baugur.
 
Lovells’ private equity clients include Advent International, Charterhouse Capital Partners, 3i, Hg Capital and Terra Firma, according to a spokesperson.
 
Last September, Lovells lost its German managing partner and local head of private equity, Oliver Felsenstein, to Clifford Chance.