Allen & Overy (A&O) has strengthened its regulatory practice with the hire of Damian Carolan from magic circle rival Clifford Chance (CC).
Carolan joins A&O’s London office as a partner from CC, where he was a senior associate. He specialises in regulatory matters, specifically focusing on the regulation of wholesale market participants.
London regulatory partner Paul Phillips said: “This appointment underlines the firm’s commitment to this area at a time when financial regulation is taking on greater strategic importance for our clients.”
The hire follows A&O’s June appointment of Doug Landy to the firm’s regulatory practice in New York.
Landy joined from Cadwalader Wickersham & Taft, where he was special counsel. Previous to that he served at Mayer Brown and Shearman & Sterling, and advised at the federal reserve bank of New York for four years.
Last week (17 September) A&O announced that it is to expand its presence in Germany, with the firm set to open a new office in Munich next month.
The new office will be headed by former Shearman Munich head Gottfried Breuninger and M&A partner Astrid Krueger.
The Munich office marks the fifth for A&O in Germany. The firm, which has a presence in Frankfurt and Hamburg, opened in Duesseldorf and Mannheim last year.
More news, deals and comment on Allen & Overy
Allen & Overy on the Legal Week Wiki
