How Philip Bowden's Hire Fits into Proskauer's London Strategy

Partners Justin Breen, Steven Davis and Philip Bowden talk about the Firm’s lateral strategy in Europe and what goes into building a full-service leveraged finance platform in London.

While it is hardly unusual for large U.S.-led law firms to hire well known partners in London, Proskauer Rose’s hire of A&O Shearman’s private capital co-head Philip Bowden and leveraged finance partner Megan Lawrence earlier this month stood out as a statement of intent… Bowden sat down with Law.com International along with Steven Davis, who co-leads the firm’s London office and global private equity offering and New York-based Justin Breen, who co-heads its global finance practice to talk about the shifting market and Proskauer’s strategy to “win” it.

Davis shared that though the firm has focused on private capital and asset managers across alternative asset class over the last decade, it is now “seeking to grow scale and depth in the key practices those institutions use in the financial markets”. This, he said, ranges from fund formation to the deployment of private capital in debt and equity markets.