Proskauer hires former Kirkland partner

Proskauer has added a London-based secondaries lawyer to its investment funds group.

Leith Moghli, who joins from Reed Smith, focuses on secondaries transactions and advising sponsors on fund formation across asset classes, according to a statement from the law firm.

He also counsels fund managers on carried interest, co-investments and other incentive arrangements, the statement notes.

“We are committed to the strategic growth and expansion of our global funds practice to ensure our clients continue to have access to the very best talent,” said the head of Proskauer’s European private investment funds group, Nigel van Zyl. “Leith’s hire is one of a number of significant developments in our implementation of that strategy.”

Moghli joined Reed Smith in 2017 after 10 years at Kirkland & Ellis, where he finished as a partner. He began his career at PricewaterhouseCoopers.

Proskauer advised on $14.2 billion of secondaries deals last year, 84 percent of which were LP portfolio sales, according to Secondaries Investor‘s law firm survey published in April. The firm worked on six strip sales and four deals involving preferred equity.

In February, Proskauer secondaries and fund formation partner Andy Shore joined Kirkland, Secondaries Investor reported. He followed Boston-based partner Sean Hill, who made the move across in 2017.