Shearman Hires Six Partners From Orrick: Business of Law
Six litigation and leveraged finance partners are leaving Orrick Herrington & Sutcliffe LLP to join Shearman & Sterling LLP in New York.
The leveraged-finance partners are Ronan Wicks, Patrick Flanagan, and Jason White. Wicks was the global co-head of his prior firm’s banking and debt capital markets group, which he started with Flanagan and White, according to Shearman’s statement.
“The addition of these two high-profile teams will strengthen what are traditionally strong practices for our firm,” Shearman & Sterling senior partner Creighton Condon said in a statement. “We continue to see litigation and leveraged finance as priority focus areas.”
Frank, a securities and M&A litigator, as well as a trial lawyer, was recruited by Adam Hakki, Shearman’s global head of the firm’s litigation group, the firm said.
Craner was deputy chairman of Orrick’s securities litigation and regulatory enforcement practice.
Flanagan spent four years in Hong Kong as head of Latham & Watkins LLP’s Asia leveraged-finance practice, and he served two secondments at Goldman Sachs, working in the legal and loan negotiation groups.
White previously was Americas head of the finance legal practice at Barclays Capital, overseeing nonbanking regulatory matters as well as transactions compliance and financial insolvency, the firm said.
“We wish these partners well and thank them for their contributions to our firm,” Orrick said in a statement.
Ex-SEC Official Canellos to Join Milbank as Litigation Chief
The U.S. Securities and Exchange Commission’s former co-director of enforcement, George Canellos, will return to Milbank, Tweed, Hadley & McCloy LLP to become chief of the global litigation group in March, according to a firm statement.
In four years at the agency, Canellos, 49, played a key role in the SEC’s efforts to punish misconduct related to the 2008 financial crisis.
He supervised an insider-trading probe that led to actions against Raj Rajaratnam, the founder of Galleon Management LP; Rajat Gupta; the former global head of McKinsey & Co., and more than 30 others. He also led the SEC’s pursuit of billionaire hedge-fund owner Steven A. Cohen and his firm, SAC Capital Advisors LP.
Canellos played a prominent role in investigations related to the credit crisis. He spearheaded mortgage-backed securities cases that have resulted in $570 million in sanctions so far against companies including JPMorgan Chase & Co. (JPM), Credit Suisse Group AG, Royal Bank of Scotland Plc and Bank of America Corp.
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Wilson Sonsini Adds Sidley Partners in Los Angeles
Wilson Sonsini Goodrich & Rosati PC announced that Sean M. Moran and Michael P. Joyce have joined the firm as partners in Los Angeles. They were formerly with Sidley Austin LLP, where they focused on energy and infrastructure finance.
Moran is an asset finance attorney. Joyce is a project finance attorney.
Ballard Spahr Hires Trial Attorney Haviland from Kaye Scholer
Civil trial lawyer Peter L. Haviland joined Ballard Spahr LLP as a litigation partner, from Kaye Scholer LLP, where he was engagement partner for Dupont Co., the firm said in a statement. His current docket also includes mass tort/environmental claims for Exxon Mobil Corp. (XOM), the firm said. He also has experience in entertainment and media industry litigation.
“The firm shares my values, including a real commitment to diversity and cultural competence,” Haviland said in a statement.
Skadden Arps Advises France’s Imerys on $1.6 Billion Amcol Deal
Skadden Arps Slate Meagher & Flom LLP is advising Imerys SA (NK), a French building-materials company, which agreed to buy Amcol International Corp. (ACO) of the U.S. for $1.6 billion including debt to add specialty minerals used in industrial and consumer applications. Kirkland & Ellis LLP is advising Amcol.
The Skadden Arps team includes mergers and acquisitions partners Kenneth Wolff and Pierre Servan-Schreiber.
The Kirkland team includes corporate partners Scott Falk and Richard Brand, with executive compensation partner Scott Price, tax partner Keith Villmow and antitrust and competition partner Bilal Sayyed.
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