The new team, which comprises five partners and a further 12 associates from existing McGrigors practices, will advise clients on a broad range of capital markets work including taking companies to market, fundraisings and public to private transactional work.
The move comes after McGrigors last year enjoyed a run of form acting on 14 transactions in the Alternative Investment Market (AIM) worth more than £365m in total, including several cross-border deals in Europe and the
During 2007, the top 50 firm has advised on deals including the AIM listing of
London-based corporate partner Martin Finnegan is heading up the firm’s first dedicated team, which went live last month.
Commenting on the move, he said: “There is a significant amount of capital markets experience across our
The surprise move comes as the credit crunch sparks fears of dwindling amounts of both debt and equity capital markets work for law firms.
However, the London arm of US giant Jones Day last week underlined its continuing investment in the sector with the hire of debt capital markets partner Andrew Chen from investment giant Nomura.