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Clifford Chance adds N.Y. partner as UK firms court U.S. deal work

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REUTERS/Toby Melville

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  • Paul Seraganian was New York managing partner for Canadian law firm Osler
  • London-founded firms have been expanding transactions practices on the East and West Coasts

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(Reuters) - Clifford Chance is the latest UK law firm to grow its foothold in the U.S. legal market for transactional work, hiring the New York managing partner of Canada's Osler, Hoskin & Harcourt.

Paul Seraganian has joined Clifford Chance's U.S. tax, pensions and employment practice as a partner, the firm said Thursday. He practiced at Osler for more than a decade and a half, leading the firm's New York office for more than five years.

Clifford Chance and other leading UK-founded law firms have been busily expanding their U.S. transactional practices. In September, Freshfields Bruckhaus Deringer poached Damien Zoubek, a veteran dealmaker at Cravath, Swaine & Moore, to co-head its U.S. corporate and M&A practice. The month before that, Allen & Overy nabbed a team of eight partners from White & Case to launch a Northern California offices.

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Seraganian focuses his practice on the tax aspects of cross-border corporate transactions, securities offerings, financings and funds and investment management, Clifford Chance said. He also advises clients on tax-free and taxable reorganizations and acquisitions.

David Moldenhauer, who heads Clifford Chance's U.S. tax, pensions and employment practice, said in a statement that Seraganian will help the group "provide first-class advice on critical tax issues."

Osler did not immediately respond to a request for comment on Seraganian's departure.

Read more:

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Freshfields lures Cravath partner as M&A practice co-head

UK's Allen & Overy breaks into Bay Area with White & Case team

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Xiumei Dong covers legal industry news, with a focus on law firm strategy and growth, in-house counsel and the Washington, D.C., legal market. Reach her at Xiumei.Dong@thomsonreuters.com.

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