Dewey & LeBoeuf loses recently appointed PE duo

Mark Davis and Russell Van Praagh were jointly appointed in May 2011 to launch a private equity practice at the law firm, leaving senior positions at Taylor Wessing.

With clients including The Carlyle Group and Oakley Capital, the partner duo will move to McDermott's London office after serving a two-month notice period at Dewey.

McDermott is also believed to be in talks to take on the remainder of the London private equity team, which includes nine associates.

The pair's move to a rival firm is the latest in a spate of departures from Dewey, on which almost 20 rival firms have capitalised.

The latest exits include Los Angeles partner David Smith joining Stradling Yocca Carlson & Rauth and corporate finance partner Richard Spitzer leaving for Mayer Brown.

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