New partner has "an impressive background" that includes working on complex domestic and cross-border deals
Baker McKenzie will soon boost its corporate practice in Sydney with a lateral partner hire.
Lance Sacks, who’s currently a partner at Clifford Chance, will join Baker McKenzie after 1 May. Recently, Johnson Winter & Slattery also confirmed the appointment of corporate partner Richard Graham, who will also make the move from Clifford Chance in May.
The appointment comes after Baker McKenzie added corporate partners Derek Pocock and Jim Peterson to its Brisbane office from McCullough Robertson last year. The firm has also recently added banking and finance partner Charlie Detmold in Melbourne from King & Wood Mallesons.
Sacks is a leading corporate lawyer who has worked on several of the most complex transactions in Australia, including both public and private M&A, private equity, joint ventures, and capital reconstructions. He also has extensive experience in capital raisings, including block trades, IPOs, rights issues, underwritings, and listings.
Anthony Foley, Baker McKenzie’s national managing partner in Australia, said that Sacks has an “impressive background” working on complex domestic and cross-border deals. Baker McKenzie has long known that he is a leader in his field, Foley said.
"We are seeing an increasing number of client mandates for our corporate group in Sydney, evidenced by our work on a number of market leading transactions. Lance's arrival comes at an exciting time for our firm,” said partner Ben McLaughlin, Baker McKenzie’s head of corporate in Australia.
The firm’s corporate team recently advised Home Consortioum on its $325m IPO, Elanor Commercial Property Fund on its successful listing on the ASX, Afterpay on a $200m placement to fund global expansion, and Credit Corp Group’s $125m capital raising to fund its US expansion.
Sacks said he joined Baker McKenzie because of its “unmatched cross-border capability” with a network that reaches 78 locations worldwide, including the world’s largest financial centres and key emerging markets.
“Knowing I can service my clients' needs wherever a transaction is executed was compelling, along with the quality of lawyers in the corporate team nationally,” Sacks said.