Apax Partners, a global private equity fund, is expected to appoint its first global general counsel.
According to The Lawyer, the position will be London-based and will pay between £250,00 and £300,000, in addition to a share of the firm’s carried interest and bonus pool.
Legal firms to have worked with Apax Partners on deals in the past include Ashurst, Kirkland & Ellis, SJ Berwin and Weil Gotshal & Manges. SJ Berwin has been tasked for fund work.
Last August, Travers Smith’s former head of private equity Charles Barter joined Bridgepoint as its in-house general counsel. Bridgepoint described the appointment as a “sign of the times” regarding private equity’s reclassification as a mainstream asset class and likely increased regulation on the industry.
The previous year, Kohlberg Kravis Roberts hired Simpson Thacher & Bartlett corporate partner in New York as its first general counsel.
Source: Thomson Merger News