Profile lateral hires in the competitive London law market continue with Kirland’s hiring Andrew Husdan, a highly regarded fund finance expert from Clifford Chance, who will join Kirkland in London as partner.
Husdan is a highly respected fund finance law expert.
His expertise encompasses a wide range of financial structures, including traditional financings, hybrid arrangements, NAV lending, and preferred equity structures.
The move represents a substantial gain for Kirkland & Ellis, which has been strategically expanding its fund finance and structured products teams. Husdan’s client portfolio, which includes major players like Cinven, Permira, and CVC, is likely to be a valuable asset for the firm.
This high-profile lateral hire demonstrates the ongoing trend in the law profession with U.S. firms with higher profitability are attracting top talent from Magic Circle firms. Last year Clifford Chance saw the departure of private equity partner Christopher Sullivan and acquisition finance partner Taner Hassan to Paul Weiss.
Kirkland’s media release announcing the hire is below –
Kirkland & Ellis is excited to announce that leading fund finance lawyer Andrew Husdan will join the Firm as a partner.
“Andrew is recognized as a leader in his field with extensive experience advising financial sponsors on their complex fund finance transactions,” said Jon A. Ballis, Chairman of Kirkland’s Executive Committee. “He is a great addition to our integrated, market-leading fund finance and structured products teams that focus on all aspects of fund capital solutions.”
Mr. Husdan is ranked as a leading partner by Legal 500 and Band 1 by Chambers for fund finance, and his practice includes syndicated and bilateral fund financings, manager/GP facilities, subscription/capital call facilities, continuation fund leverage and NAV-based facilities. He regularly acts on complex leverage solutions for funds and their managers as well as short-term, deal-specific equity and exit bridges advanced to a variety of funds across multiple jurisdictions and asset classes.
With more than 350 dedicated lawyers, Kirkland’s debt finance practice is the largest in the world and serves more than 500 private equity clients. According to Bloomberg, Debtwire and Refinitiv, Kirkland consistently handles more debt finance transactions for borrowers than any other law firm. The practice is recognized by Chambers, Legal 500 and other publications for its work on complex, high-profile transactions; exceptional commercial understanding of European and international financing markets; and excellence in client service.
Pretty interesting to see Andrew Husdan making the move to Kirkland. His background in fund finance is top-notch. Wonder how Clifford Chance is gonna fill that gap.
Clifford Chance has a deep bench, but Husdan’s expertise is unique. They’ll definitely feel the gap, at least in the short term.
all these big law moves, but does it really change the game for clients? seems like just another day in the office. but hey, good for husdan i guess.
I’m curious about the implications of Husdan’s expertise in NAV lending and preferred equity structures for Kirkland’s portfolio. Any insights on how this might influence their strategy moving forward? LawFuel Editors, could you shed some light on this?