What is the story about?
What's Happening?
Jones Day has announced the recruitment of Jeffrey Philp as a partner in its financial markets practice in New York. Philp transitions from Orrick LLP, where he specialized in advising issuers, underwriters, and lenders on public finance and real assets transactions. His expertise includes multi-family and single-family residential projects, government infrastructure authorities, and the securitization of housing development bonds and loans. This move is part of Jones Day's strategy to bolster its financial markets practice with experienced legal professionals.
Why It's Important?
The hiring of Jeffrey Philp by Jones Day underscores the firm's commitment to strengthening its financial markets practice, particularly in the competitive New York legal market. Philp's experience in public finance and real assets transactions is expected to enhance the firm's capabilities in these areas, potentially attracting more clients seeking expertise in complex financial transactions. This move could also signal a trend of increased lateral hiring among law firms as they seek to expand their service offerings and market presence.
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