Ashurst boosts finance expertise in the US with two hires from rivals

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Ashurst has bolstered its finance expertise in the US with a couple of partner hires from two rivals.

The international law firm has appointed Michael Neary and Sarah Rackoff as partners in New York and Washington DC, respectively.

Neary comes to the firm from Linklaters. With more than 20 years’ experience, he is an expert in finance law. He acts for arrangers, lenders, agents and borrowers on domestic and cross-border finance transactions. Neary, who is a member of the New York and California Bars, has a particular focus on syndicated and bilateral credit facilities, acquisition financings, asset-based facilities, corporate and debt restructurings, real estate loans, high-yield debt offerings, margin loans, trade and export financings, and hedge fund secured loans.

Rackoff joins Ashurst from Orrick. She is an expert in public finance, which is a core part of Ashurst’s infrastructure practice. She has extensive experience in structuring complex public finance transactions in the petrochemicals, public power, transport, housing, and healthcare sectors. Her clients include sponsors, borrowers, issuers and underwriters for issuances of publicly offered and privately placed tax-exempt and taxable fixed and variable rate bonds.

Andy Fraiser, Ashurst’s US managing partner, said that the duo will allow the firm to provide deeper and broader services in the country.

“Mike's broad experience and contacts make him a perfect fit for us and Sarah's deep experience of US P3 transactions has allowed her to make a very positive impact on active deals in the very short time that she has been here,” Fraiser said.

Last month, Ashurst scored a partner from Dentons in New York. In Sydney, the firm recently hired Norton Rose Fulbright’s former financial institutions head.

The hires come after a string of partner exits from Ashurst.

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