Penningtons Manches is to intensify its commitment to its thriving San Francisco office with the transfer of corporate partner Ross McNaughton.
Currently based in the firm’s Cambridge office, Ross will transfer to the US later this month where he, along with the existing team, will be responsible for driving the ‘on-the-ground’ development of the firm’s US West Coast offering.
In particular, he will play a key role in advising businesses in San Francisco and the wider Bay Area on investment, funding and growth opportunities in the UK, as well as connecting high growth companies in the ‘golden triangle’ of Oxford, Cambridge and London with the US. The firm has a significant presence in the leading tech hubs across the South East of the UK, unparalleled connections with some of the UK’s leading universities and a very successful technology practice that includes specialists in life sciences, fintech, cleantech and tech transfer.
Ross joined Penningtons Manches in 2015 from Paul Hastings LLP – one of the top ranked firms on The American Lawyer’s A-List. With extensive experience in public and private cross-border M&A and capital markets work, his expertise spans the technology, life sciences, financial and real estate sectors.
His transfer comes only a few months after the firm announced the local appointment of Kim Stephenson, a UK and US qualified lawyer specialising in commercial litigation work. Kim’s primary responsibility has been to drive local growth via the firm’s well-established network of contacts.
The San Francisco office opened in December 2014. Under the strategic guidance of partners James Klein and Hamish Corner, the office developed a strong corporate and commercial offering for US businesses with operations in the UK and Europe, and has also forged successful partnerships with influential bodies such as Tech Bay Area Advocates, SVC2UK (Silicon Valley Comes to the UK), and SheWorx, the global collective of female entrepreneurs. Recent notable work includes advising RocketSpace – which helps top tech startups and global corporations bring the future to market – on its UK expansion, and working on a number of US investments into UK businesses as well as mainstream cross-border M&A transactions. The office has also supported a number of trade UK-US missions.
Penningtons Manches’ CEO David Raine commented: “We opened the San Francisco office as a clear statement of intent about our international aspirations and I’m delighted with what has been achieved by the team so far. Both Ross and Kim are outstanding lawyers whose drive, focus and commitment to the highest level of client service make them a perfect fit for the existing team. Our clients and contacts will benefit enormously from the breadth and depth of our enhanced San Francisco offering.”
Commenting on his new role, Ross said: “I am excited to undertake this new challenge, and help take forward the brilliant work that the team has accomplished. I’m really looking forward to working with the existing team and working closely with ambitious West Coast businesses who want to make the most of investment, funding and growth opportunities in the leading UK tech hubs.”