Ian Johnson leaves Milbank for Allen & Overy

International law firm Allen & Overy hires Ian Johnson from Milbank Tweed to expand its distressed debt practice.

Ten years ago you would not be able to find a US lawyer at a prestigious firm such as Milbank Tweed who would seriously consider jumping over to a UK firm. Now it is hard to find US securities lawyers in Asia who have not considered that jump.

The latest move comes as Ian Johnson leaves Milbank Tweed Hadley McCloy, where he was of counsel, and moves to Allen Overy as a partner. Yoon Shin, who was an associate with Johnson at Milbank, joins him in the move. Johnson's role at AO will be to expand the firm's distressed debt practice, the hottest product in Asia at the moment.

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