Davis Polk makes first City promotion since 2009

Davis Polk & Wardwell has promoted a London associate to partner for the first time in five years.

City corporate lawyer Reuven Young (pictured) is one of three lawyers making the grade this promotion round, with fellow New York-based corporate associates Sophia Hudson and Byron Rooney also joining the partnership.

The promotions came into effect on Tuesday (1 July). Young’s appointment is the first in the City since the elite Manhattan firm promoted corporate associate John Meade in 2009. In the past two years its promotions rounds were all based at the firm’s New York operation.

Young’s practice mainly focuses on advising clients on corporate finance deals.

He has landed roles on deals including acting for: Marks & Spencer on its debut bond offering; the underwriters on British-Australian mining company Rio Tinto’s $15.2bn rights offering; the underwriters on gold miner AngloGold Ashanti’s $1.7bn rights offering, and the underwriters on investment-grade offerings by London-headquartered mining business Anglo American and electronics company Philips.

The appointment marks the latest in a series of moves the firm has made to expand its City arm. The firm has been building its English law offering after launching last November, led by corporate partner Simon Witty, who also spearheaded the launch of its English law practice when he joined the firm in 2012 from Freshfields Bruckhaus Deringer.

Since Witty’s hire, Herbert Smith corporate veteran Will Pearce, Freshfields tax partner Jonathan Cooklin and Ashurst finance partner Nick Benham have all joined the office.