October 3, 2011 6:17 PM
Orrick Bolsters Acquisition Finance Practice with Five New Partners
Posted by Claire Zillman
Just 13 months after jumping from Latham & Watkins to Milbank, Tweed, Hadley & McCloy, finance partner Ronan Wicks is on the move again.
Wicks is one of five new partners joining Orrick, Herrington & Sutcliffe's acquisition finance practice, the firm announced Monday. The attorneys will represent major investment banks in financing and restructuring transactions involving financial sponsors, leveraged corporates, and investment-grade companies, the firm said in a statement announcing the additions.
For Wicks, the jump to Orrick represents more than a move from one law firm to another. It marks the first time in many years that he won't be working under Marc Hanrahan, the current leader of Milbank's global leveraged finance group. Wicks has previously followed Hanrahan from O'Melveny & Myers to Skadden, Arps, Meagher, Slate & Flom to Latham and, finally, to Milbank.
"My previous moves have been for the team, this move is to form my own team," Wicks says. At Orrick, Wicks will serve as global cohead of the firm's acquisition finance group. "At my past firms, I've led my own individual practice, but Orrick will give me the opportunity to lead on a macrolevel."
Wicks makes the move from Milbank to Orrick with partner Patrick Flanagan, who was also part of Hanrahan's team. Wicks says that he and Flanagan have worked together for a dozen years.
Also joining the team, is Bruce Czachor, who previously served as co–managing partner of Shearman & Sterling's Silicon Valley office and played a leading role in expanding the cross-border practice in Shearman's Toronto office, according to his firm bio. Orricks also snagged Jason White, head of the leveraged and high-grade finance and credit restructuring practices in the Americas for the legal department of Barclays Capital. Rounding out the group is Julian S.H. Chung of Cadwalader, Wickersham & Taft. The American Lawyer named Chung to its list of 45 Under 45 earlier this year for her work on the debtor-in-possession financings of Chrysler, GM, and Lyondell.
Orrick expects the new additions to bolster the firm's financial institutions practice, which is a cornerstone of its client business and strategic focus, chairman Ralph Baxter said in an interview Monday.
Orrick's representation of financial institutions such as Barclays Capital, Goldman Sachs, Credit Suisse, Morgan Stanley, Citibank, and Bank of America, makes up one-third of the firm's total revenue, according to the firm. All five lawyers will work in the firm's New York office.
Meanwhile, Orrick was on the other end of another lateral move announced Monday, as Haynes and Boone announced it had hired corporate partner George Wang.Make a comment