The Punt: The winds of change blow through McCann FitzGerald
The Punt is a great one for trying to read the weather, and we reckon changes at the top at Dublin law firm McCann FitzGerald are a pointer to where the financial winds may be blowing.
The firm has now formally appointed corporate finance partner Barry Devereux as chairman, succeeding John Cronin who returns to full time client work after two terms as chairman starting back in 2008.
While Cronin's background was in banking and international finance, Devereaux's expertise is in mergers and acquisitions and corporate finance, including extensive experience of Irish privatisations.
State assets disposals, as privatisations are called these days, will be big business for the next couple of years, including of course the sell-off of big stakes in the rescued banks.
The firm announced a number of senior moves yesterday. Alan Fuller will head the corporate business, taking over from David Lydon. Seán Barton is to head up dispute resolution and Litigation, taking over from Helen Kilroy. Shane Fahy will takeover in real estate from Jim Murphy and the firms has appointed Adam Finlay as a new partner in the technology and innovation Group.