Burness Paull has appointed a new partner into its banking and finance team.
The law firm stressed that the "significant pivot" in market conditions from an emphasis on Covid-influenced funding to one dominated more by inflationary and pricing pressures, has been a major factor in client demand for banking advisory capacity.
Alan Cassels, who joins from Pinsent Masons, is a banking partner with cross-border expertise in corporate, leveraged and property finance.
He has also advised buyers and sellers on sizeable debt sale transactions in both the distressed and non-distressed spaces, and overseen mortgage book sale transactions in relation to portfolios of lifetime mortgages.
Cassels joins Jonathan Heaney, John Kennedy and Dawn Reoch, taking the team up to four specialist banking partners.
Peter Lawson, chair at Burness Paull, said: “While the focus of the table tends to be on M&A, banking and finance is an equally vital element in deal activity and it’s our ability to connect and blend deals teams combining relevant corporate experience at a very senior and experienced level that is reassuring to clients.
“Alan only further strengthens that proposition - his addition is the latest in a series of strategic hires and promotions we have made in line with our ambitious growth plans.”
Cassels added: “The experience of the team here is incredibly powerful, particularly as clients start to tackle new economic challenges and want to work with trusted advisors who have seen it and done it.”
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