Proskauer becomes latest US firm to expand in Paris with private equity trio
US firm Proskauer has hired three private equity partners from Hogan Lovells in Paris.
The move follows US rivals which have been adding private capital-focused senior talent in the French capital recently.
Proskauer has hired three private equity partners in Paris from Hogan Lovells, becoming the latest US firm to deepen its private capital bench in the French market.
Matthieu Grollemund, Hélène Parent and Pierre-Marie Boya will join the New York firm’s private equity and M&A group later this month. The trio advise sponsors, family offices and management teams on cross-border deals across sectors including technology and healthcare.
Grollemund and Parent both joined Hogan Lovells from Baker McKenzie in 2021 with previous stints together at Dechert.
Paris growth
The hires mark another step in Proskauer’s steady build-out in Paris, where it has had an office since 1991. The office currently counts 14 partners and more than 50 lawyers.
In 2023, Proskauer made a major move in the city by bringing across a 19-lawyer corporate team from legacy Shearman & Sterling, including four partners.
Private capital competition
The move reflects continued competition among US firms looking to strengthen their European private capital platforms. Proskauer has been investing heavily in London, particularly in the booming private credit sector, hiring 11 partners in the City last year alone, according to data from recruitment consultancy Edwards Gibson.
Paris, meanwhile, has become an increasingly important front in that strategy. Just last month, Ropes & Gray raided Linklaters in the French capital, hiring two partners and a team of eight associates as part of its own private capital push spanning London, Paris and Milan - a network it views as central to its European platform.
White & Case also hired a three-partner corporate real estate-focused team in Paris, emphasising in its announcement the importance of their credentials in the fast-growing data centre space - an increasingly hot private capital asset class. And this week, Latham & Watkins moved for a four-lawyer energy and infrastructure PE team from Clifford Chance in the city.
Compared with some rivals, Proskauer has a relatively limited international footprint, with just two European offices in London and Paris.
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