Professional director James MacKenzie has resigned from the board of plaintiff law firm Maurice Blackburn and signed up as an adviser to the hedge fund likely to emerge with control of its primary rival.
Sources said Mr MacKenzie has been hired by the Anchorage Capital Group, a US hedge fund that owns 50 per cent of the debt issued by Slater & Gordon, which is going through a corporate restructure that could leave Anchorage as the majority shareholder.
The decision by the former chairman of the Mirvac property group worries some Maurice Blackburn partners, who are concerned his detailed knowledge of their business plans could be used against them.
Mr MacKenzie declined to explain what his role would be at Anchorage, which was reported by The Australian Financial Review's Street Talk column to be putting together a new board to oversee the listed law firm.
