Simpson Thacher & Bartlett has recruited Andrew Shipe as a partner in its financial services practice in London. Shipe joins from Sidley Austin, where he was a partner specializing in derivatives and structured products.
Background and Expertise
Shipe focuses on advising banks, broker-dealers, and other financial institutions on derivatives, structured products, and regulatory matters. He has experience with both over-the-counter and exchange-traded derivatives, as well as complex structured finance transactions.
According to Simpson Thacher, Shipe's arrival strengthens the firm's capabilities in the financial services sector, particularly in derivatives and regulatory advisory. The firm noted that Shipe is recognized as a rising star in the derivatives market.
Impact on Simpson Thacher
This hire is part of Simpson Thacher's strategy to expand its London office and enhance its offerings to financial clients. The firm has been actively recruiting top talent in key practice areas, including financial services and corporate law. Shipe's addition is expected to help the firm capture more work from financial institutions navigating complex regulatory landscapes.
Simpson Thacher's London managing partner, Mark P. Friedman, said in a statement: “Andrew is a talented lawyer with a deep understanding of the derivatives market, and we are thrilled to welcome him to the firm. His experience will be invaluable to our clients.”
Market Context
The poaching of Shipe comes amid increased competition among law firms for derivatives specialists, as regulatory changes and market volatility drive demand for expert advice. Sidley Austin has not commented on the departure, but such moves are common in the legal industry as firms seek to bolster their practices.
