Clifford Chance has added two new partners to its New York office from Chadbourne & Parke and the US Securities and Exchange Commission (SEC).
The magic circle firm has recruited Chadbourne partner Douglas Deutsch to its financial restructuring team in the US, with Deutsch leaving Chadbourne after 15 years. He was made a partner in 2009.
Deutsch worked on a wide range of bankruptcy proceedings and restructurings at Chadbourne, representing creditors’ committees, secured and unsecured creditors and indenture trustees.
His appointment follows the hire of dispute resolution partner Bob Rice, who was chief counsel to the chairwoman of the SEC from 2013 to 2015. His last private practice role was at McDermott Will & Emery between 2000 and 2004.
Clifford Chance is not the only magic circle firm to announce big-name hires in New York in the last week.
Allen & Overy hired a three-partner finance team from White & Case’s New York office last Friday, alongside a Proskauer Rose partner and Milbank Tweed Hadley & McCloy associate.
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