Kirkland & Ellis has hit rival Akin Gump for the latest addition to its London office.
Companion Aleksander Bakic joins the agency’s funding group observe, in accordance to a assertion on Monday.
He leaves Akin Gump proper after in extra of two years, in accordance to LinkedIn. Previous to this, he was at O’Melveny & Myers for over 6 a number of years, with above just a few invested as lover.
His working expertise consists of advising fund sponsors throughout quite a lot of substitute asset lessons, the assertion reported.
Bakic’s use follows the departure of Kirkland competitors lover Sarah Jordan, who left to be part of U.S. rival Goodwin Procter earlier in January. In 2021, Kirkland & Ellis was an individual of the prime joint companies that gained and misplaced probably the most London associates that yr, in keeping with examine by approved recruitment and consultancy firm Edwards Gibson.
London funding resolution assets lover Christopher Braunack reported in a assertion: “He delivers content material incremental senior bandwidth to our European secondaries apply at a time when increasing portions of our fund sponsor consumers are, with rising frequency, utilising the secondaries present market to provide liquidity treatments for his or her underlying monetary funding assets.”
The lateral hiring market shows no indication of abating, as companies proceed to think about the way to carry on to prime rated experience. Beforehand in January, Milbank raised affiliate shell out for a 2nd time in a 12 months, though Hogan Lovells is at the moment reviewing its junior legal professional remuneration construction following inside issues that the current affiliate bonus composition requires an overhaul.