“My race in the big right has been fought”: White & Case private equity veteran Bagshaw is due to leave this summer
White & Case’s high-profile private equity chief Ian Bagshaw will leave the firm in June to pursue other non-law opportunities.
The White & Case partnership was informed of Bagshaw’s departure in an internal announcement this morning (April 16). In a LinkedIn post published today, Bagshaw said, “After seven years with Eversheds, Clifford Chance, Linklaters and White & Case, I’ve decided my race in big rights is now on.” I really enjoyed it all, and in many ways I feel like I have been completely spoiled professionally working with some of the most talented clients, as well as partners and staff who have PE and Right to offer. I am also leaving a very capable PE team at W&C, of which I am very proud and which has made and will continue to make a real contribution to the success of the company in the future.
“However, I hit 50 late last year and spent the last part of the lockdown wondering if I could do anything else in a post-pandemic world. I don’t think I am alone to (re) discover what is important to me in terms of work, family, charity and friends.
“I don’t yet know what my next step will be. It’s pretty daunting after being a 24/7 attorney for 25 years, but I look forward to slowing down, going offline, and doing a digital detox to sort this out. ‘
A White & Case spokesperson said: ‘We can confirm that Ian Bagshaw is leaving White & Case effective June 30th. We wish him all the best for the future. ‘
Bagshaw’s move from a successful sports practice comes to Skadden four years after the departure of his respected co-boss Richard Youle. The move split the long-standing and successful pairing that had known each other since Youle, who was Bagshaw’s apprentice at Eversheds in the 1990s. In 2013, it was announced that Youle would join White & Case with Bagshaw from Linklaters, where the couple are rebuilding the Magic Circle firm’s private equity practice from almost scratch after the departure of Graham White and Raymond McKeeve in 2007 had to.
Both were appointed co-heads of PE at White & Case in 2015 and were of central importance for a strong design for the city office of the US company. Two years after their arrival, the London private equity group has already collected nearly £ 40 million generated by the Linklaters team under her leadership.
Bagshaw’s departure is certainly seen as a loss to the company, as insiders have attributed White & Case’s rapid rise in recent years to his leadership of the private equity practice. His arrival coincided with the addition of a number of lucrative clients to the book including Mid Europa Partners, Global Infrastructure Partners, Triton Partners, Novator Partners, CVC Capital Partners, Rhône Capital, Bridgepoint and Arle.
In a 2018 report by Legal Business on the rapid growth of White & Case, an ex-partner said, “The big breakthrough was the PE practice. The company had hardly added anyone to the company; it had been weak. The turning point was when proper business practice began to be built. Bagshaw and Youle transformed it. ‘
For more information, see “Reborn Supremacy, Inside the Unlikely White & Case Revolution”.
For a detailed overview of Bagshaw’s career, see his 2019 interview with Legal Business.