Clayton Utz has confirmed today that 14 of its partners have resigned to join incoming UK Magic Circle heavyweight Allen & Overy, which has announced ambitious plans to enter the Australian market.
Announcing its Australian entry, Allen & Overy senior partner David Morley said in a statement: "We see significant opportunities for high-end, cross-border M&A and finance work in the private and public sectors, particularly in the energy, mining and natural resources sectors."
The firm said analysis of the local market indicates there is space in the Australian legal sector for a smaller high-end law firm that is integrated into a broad global network.
The core practices of the firm will be in energy, mining and natural resources; finance; infrastructure; investment funds; M&A; private equity; tax; and telecoms, media and technology (TMT).
Clayton Utz has confirmed 14 of the departures. Chief executive partner David Fagan said in a statement he was disappointed with the moves, but added the firm was still in great shape.
"Partner movements such as this occur within the lifecycle of a firm. Clayton Utz is in excellent shape and continues to be one of the strongest performing firms in the market," the statement from Fagan said.
The founding partners of Allen & Overy's Australian practice are:
Jason Denisenko, partner in the Corporate/Funds and Financial Products practice
Angela Flannery, partner in the Banking practice
Grant Fuzi, partner in the Banking practice
Sonia Goumenis, partner in the Banking/Structured Capital Markets practice
Jason Huinink, partner in the Banking practice
Barry Irwin, partner in the Corporate/Energy & Resources practice
Aaron Kenavan, partner in the Corporate/M&A practice
Grant Koch, partner in the Corporate/Private Equity practice
Michael Parshall, partner in the Corporate/M&A practice
Karolina Popic, partner in the Banking/Structured Capital Markets practice
Michael Reede, partner in the Corporate/Private Equity practice
Chris Robertson, partner in the Banking practice
Andrew Stals, partner in the Corporate/Tax practice
David Wilkie, partner in the Corporate/Funds and Infrastructure practice
Meredith Campion, partner in the Corporate/Energy & Resources practice
Geoff Simpson, partner in the Corporate/Energy & Resources practice
Peter Wilkes, partner in the Corporate/Energy & Resources and also Banking practice
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