February 29, 2012 10:37 AM
Milbank Boosts London Corporate Practice with Senior Linklaters Hire
Posted by Chris Johnson
Milbank, Tweed, Hadley McCloy is set to boost its London office with the addition of senior corporate partner Mark Stamp from Linklaters, The Am Law Daily has learned.
A well-placed source with knowledge of the situation said Stamp’s appointment was approved following a Milbank partnership vote last Wednesday. His start date is yet to be decided.
Stamp, who has spent his entire career at Linklaters having joined as a trainee in 1983, was formerly cohead of the firm’s retail industry group and has close ties to a number of large corporate clients. He was, for instance, one of the Magic Circle firm’s key relationship partners for J. Sainsbury plc, the FTSE-100 holding company of supermarket chain Sainsbury’s. In that capacity, he took a lead role on its aborted £12 billion ($19 billion) takeover by Qatari investment company Delta Two in 2007, as well as on a £445 ($706 million) million capital raising by the company in 2009.
Stamp was also a Linklaters relationship partner for British biopharmaceutical company AstraZeneca PLC, which he formerly advised on its £702m ($1.3 billion) acquisition of biotech company Cambridge Antibody Technology.
He also has strong links with construction giant Balfour Beatty plc, acting on its £1.3 billion ($2 billion) joint venture with U.K. mail service operator Consignia plc (now Royal Mail Holdings plc), and last year represented the U.K. government on the privatization of state-owned bookmaker the Horserace Totalisator Board, which was bought by online gambling company Betfred Ltd for £265 million ($420 million).
Milbank was one of the first U.S. firms to establish an office in London, launching its base in the U.K. capital in 1978. The firm now has 15 partners and 57 attorneys based in the city.
Milbank declined to comment. Stamp did not immediately respond to The Am Law Daily’s requests for comment.
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