Sidley lands Kirkland financial duo in New York, San Francisco
- Both bolster Sidley’s private equity ambitions
- The last of several corporate partners to leave Kirkland
(Reuters) – Chicago-based Sidley Austin has recruited Kirkland & Ellis debt financing partners Nicholas Schwartz and Kristen Smith as partners in the company’s global financial group.
Schwartz, who is joining New York, and Smith, based in San Francisco, will support “significant growth” in the private equity practice of the 2,000-lawyer firm, said Dan Clivner, co-head of the global practice of Sidley’s M&A and private equity, in a statement Monday.
“We have seen Nick and Kristen in action on several debt financing transactions, and our clients and partners are thrilled to be part of our team now,” said Clivner.
Schwartz and Smith are the latest partners to leave Kirkland as other firms look to the trading center to bolster their own trading and financing practices.
Latham & Watkins recruited two partners from Kirkland earlier this month to bolster its M&A and capital markets teams in Los Angeles and Chicago, while Holland & Knight on the same day hired another former partner from Kirkland business in Chicago. Dechert also recruited two London-based Kirkland partners last month for its private equity practice.
A representative for Kirkland did not immediately respond to a request for comment on the departures of Schwartz and Smith.
Schwartz joined Kirkland over 11 years ago after practicing at Simpson Thacher & Bartlett, according to his LinkedIn page. He represents private equity sponsors, holding companies and others in acquisitions and other matters, his new company said. He has represented London-based private equity firm Apax Partners LLP, Clearlake Capital Group LP, 3G Capital and The Blackstone Group Inc in a series of financing transactions, according to his former company profile.
Smith has practiced in Kirkland since 2011, interrupted by an internal stint at Uber Technologies Inc, according to his LinkedIn page. She has represented private equity promoters, their holding companies and public and private companies in debt financing transactions.
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