Morgan Lewis has poached a team of lawyers, including a senior secondaries attorney.
Brian Jacobson has joined the Chicago-headquartered outfit’s investment management team as a partner, according to a statement. Jacobson advises institutional investors on LP portfolio sales, preferred equity deals and fund restructurings, as well as fund formation.
He is one of two partners and two associates to join from Minneapolis-headquartered Faegre Drinker. The other partner, Zeke Johnson, focuses on fund organisation and operation, regulatory and compliance, and product offerings for alternative investment managers, the statement said.
The associates are Patrick Lucke and Jessica Parsons. All are based in Chicago.
This is not the first time Morgan Lewis has hired a ready-made team. In May 2020, it poached four London-based secondaries lawyers from Morrison & Foerster, including partners Oliver Rochman and Rob Mailer, Secondaries Investor reported.
The firm advised on $23.6 billion of deal volume in 2020, up from $14.5 billion the prior year, according to Secondaries Investor‘s annual law firm survey. LP deals accounted for 70 percent of the total, among the highest proportions of the 15 firms that responded. Of its GP-led work, single-asset processes accounted for $7 billion.
Morgan Lewis has more than 150 investment management lawyers worldwide.