Cravath Swaine & Moore is losing the co-head of its London capital markets practice, who is joining A&O Shearman, according to a person familiar with the matter.
Departure Details
The partner, whose name has not been disclosed, is the latest in a series of senior exits from Cravath's London office. The move underscores the competitive landscape for top legal talent in the City.
A&O Shearman, formed by the merger of Allen & Overy and Shearman & Sterling, has been recruiting aggressively to bolster its capital markets offering.
Impact on Cravath's London Practice
The departure leaves a gap in Cravath's London capital markets team, which has been a key part of the firm's international expansion. Cravath has historically been US-centric but has grown its London office in recent years.
According to the source, the co-head had been with Cravath for several years and was instrumental in several high-profile transactions. The firm is expected to announce a replacement in due course.
Broader Context
The move is part of a wider trend of partner moves between US and UK law firms in London. A&O Shearman has been particularly active, adding partners from rivals to strengthen its global platform.
Cravath declined to comment on the departure. A&O Shearman did not immediately respond to a request for comment.
