Ashurst loses second corporate partner to Gibson Dunn as Stacey quits

Ashurst corporate partner Nigel Stacey is to join Gibson Dunn, following in the footsteps of former colleague Jonathan Earle who made the same move in April.

Stacey has a broad-ranging M&A and corporate finance practice at Ashurst, recently taking the lead for AIM-listed Fusion IP on its takeover by minority shareholder IP Group. In 2012, he co-led for the firm on Vedanta Resources on Sesa Goa’s $10.3bn (£6.1bn) acquisition of Sterlite Industries. 

It is also understood that he has close ties with longstanding Ashurst client Smith and Nephew, and is the firm’s relationship partner for GE and private equity house ICG. 

Stacey is the latest in a string of corporate partners to leave the Appold Street firm. Earle, who advised William Hill in its joint bid alongside GVC for Sportingbet in 2013, left for Gibson Dunn earlier this year (28 April 2014). 

The firm’s former global corporate head Stephen Lloyd exited for Allen & Overy last November (7 November 2013), alongside up and coming Ashurst corporate partner Karan Dinamani (4 March 2014).

Another corporate partner, Eavan Saunders Cole, also left last year to relocate to William Fry in Dublin (11 November 2013). 

Ashurst’s London-based corporate practice missed out in the firm’s latest promotions round, announced in April (24 April 2014). A total of 15 new partners were made up globally, of which only one works within the corporate practice from Madrid.

The firm has previously made up two corporate partners in its City office each year since 2010.

Ashurst declined to comment.