Milbank acquires UK corporate law boutique in London office

Milbank acquires UK corporate law boutique in London office

Dickson Minto's seven-partner team will join the Wall Street firm Milbank in 2023

The London office of renowned corporate law firm Dickson Minto will be acquired by Wall Street firm Milbank.

The transaction gives Milbank a team of seven partners with a private equity focus. It has long been regarded as one of the last top-tier targets for prestigious US companies looking to expand their London presence through noteworthy team hires or mergers.

The team is headed by private equity expert and office managing partner Jordan Simpson. There will be about 20 associates and 10 business services professionals moving over with the team.

The transition is expected to happen in the news year. Milbank Chairman Scott Edelman stated, "We look forward to welcoming the London team of Dickson Minto to the firm, said Milbank Chairman Scott Edelman. "Continuing to expand our private equity platform is a strategic priority for the firm globally. The team has an excellent reputation in the market for providing clients with commercial, creative advice on their business-critical, sophisticated matters."

The US firm also has a renowned German private equity practise and has been expanding its coverage in the United States and Asia.

According to Norbert Rieger, global head of Milbank's corporate group, "The addition of this team will significantly add to our ability to act for clients around the globe on private equity related transactions. It is a logical next step after our expansion in the PE space in the US, Germany and Asia."

Alastair Dickson and Bruce Minto founded the law boutique Dickson Minto in 1985. It has offices in London and Edinburgh. The firm is recognised for its highly conservative approach to marketing, since it does not advertise deals or list its partners.

Alastair Dickson commented: "I am very pleased that the London private equity practice of Dickson Minto will join Milbank – the partners, lawyers and other staff have been a close-knit group for a long time and it's extremely satisfying to see their desire to stick together and continue to grow as a group."