Bruno Soares has served as banking partner with Allen & Overy since 2010.

Bruno Soares has served as banking partner with Allen & Overy since 2010.

In a reversal of his decision to leave Allen & Overy to establish a Sao Paulo office for US firm Paul Hastings, banking partner Bruno Soares has elected to remain with Allen & Overy.

In choosing to stay with A&O, Soares will remain the sole partner of the firm’s Sao Paulo office and will oversee the office’s two associates.  In March, Paul Hastings announced the hire of three partners from A&O to establish the former’s presence in South America.   New York-based Robert Kartheiser, who served as co-head of A&O’s Latin America practice, and capital markets specialist Cathleen McLaughlin, who served as head of the firm’s New York office’s international capital markets group – will be remaining with Paul Hastings as anticipated.

According to the article reported in Legal Business, “Soares joined A&O as a partner in its banking, projects, energy and infrastructure group in 2010. He recently advised on a $3bn Brazilian steel mill project financing in what was the largest investment by Korean financiers in Brazil. For this, A&O represented the Brazilian project company Companhia Siderúrgica do Pecém and its controlling shareholders Brazilian metals and mining corporation Vale and Korean steel manufacturers Dongkuk Steel Mill and POSCO.”