CC moves London finance partner to Sydney as Australia expansion continues

Clifford Chance (CC) finance partner Caroline Jury has relocated to Sydney this month as the firm takes further steps to bulk up its Australian practice.

Lending and leveraged finance specialist Jury has moved from CC’s London office to join Sydney finance partner Scott Bache, and will focus on cross-border, structured and project finance work, restructuring and capital markets from the Australian city.

Her relocation, which brings the total number of CC partners in Australia to 17, follows the firm’s hire of ex-Allen & Overy antitrust partner Dave Poddar earlier this month.

Poddar, who has more than two decades of experience in the market including 15 years at Mallesons Stephen Jaques, has joined CC’s Sydney office as the first dedicated antitrust specialist for the firm in Australia.

“Caroline has been a partner for 15 years and is a highly experienced member of CC’s leading international finance practice, with an excellent track record in international bank lending and leveraged finance, particularly acting for borrowers and sponsors,” said Bache.

“Her experience in this area saw her head the CC team that led the drafting of the Loan Market Association’s Intercreditor Agreement – the global standard for finance documentation.”

He added: “Caroline built our finance practice in Germany and has a proven track record of building a business and developing younger lawyers into partners, skills that will ensure the continued growth of our Australian finance practice.

CC launched in Australia in 2011, with a three to-five year plan to build up a practice of approximately 30 partners and around 100 lawyers.

The firm entered the local market via a double merger with Chang Pistilli & Simmons in Sydney and Cochrane Lishman Carson Luscombe in Perth, taking 35 lawyers, including 14 partners.

Legal Week reported last month that a whole host of Australian law firms were cutting lawyers and support staff, amid fears of slower market activity in 2013.

Clifford Chance said it has no intention to make cuts in Australia, and will continue to execute its original strategy.