Two associates of Mishcon de Reya have left the firm.
Emma Willing, a partner in Mishcon’s family department, has joined her former firm Penningtons Sleeves Cooper, where she began her career as an intern. Willing joined Mishcon in 2009 and became a partner in 2021.
Meanwhile, Mark Deem joined Mishcon’s IP group in 2020 after a five-year stint with American company Cooley. Deem has joined media, technology and intellectual property law firm Wiggin, where he will focus on TMT litigation, data privacy and fintech litigation.
Last week marked a year since the Mishcon partnership voted listing proposals on the London Stock Exchange, but the move was put on hold in June “for the foreseeable future”.
During this period, Mishcon saw 12 of its London partners leave for other firms, but hired 14 lawyers for its own partnership in the UK.
The most recent of those hires is senior partner Ceinwen Hayes, who joined Mishcon as a partner on Monday from Bryan Cave Leighton Paisner after nine years with the firm.
Speaking to Law.com International in Julythe company’s managing partner, James Libson, said listing didn’t make sense earlier this year, pointing to the lack of IPOs completed in 2022.
However, while declining to set a timeline for the process, he said investors had been “impressed” with Mishcon’s proposals and that he expected a similar level of interest if the company returned to a Initial Public Offering.
In August, the company’s fully audited annual accounts filed with Companies House revealed that Mishcon had spent £11.7m in the 2021/22 financial year on its IPO plans.
Following proposals for an IPO in 2021, a team of seven partners left Mishcon to join US company Greenberg Traurig in London, with another partner joining Charles Russell Speechlys soon after.
Shortly after the listing decision was announced, Mishcon litigation partner Karel Daele also left the partnership to join Taylor Wessing and property finance partner Omega Poole left to join property lender LendInvest.
The company has added a number of partners so far in 2022, including Dentons co-head of intellectual property and technology, Campbell Forsyth, and partner Lee Foxcroft of Slaughter and May.
The firm has 190 partners worldwide, according to its website.
Mishcon also increased its revenue by 22% for the financial year ending April 2022, to £230.7m, and increased its PEP figure by 11% to £1.05m, restoring the figure at 2020 levels after falling to £900,000 last year.