US firm Cleary Gottlieb Steen & Hamilton has lost two London-based partners with capital markets partner Ashar Qureshi and competition partner Shaun Goodman both leaving the firm.
Qureshi, one of Cleary’s well-respected team of capital markets partners focusing on Europe and emerging markets, has joined investment bank and former client Renaissance Capital as an executive vice chairman.
He had been at Cleary since 1990, making partner in 1999, and was widely seen as one of the stars of a team that had helped establish the US firm’s emerging markets presence.
Fellow London-based banking and capital markets partner Glen Scarcliffe said: “Ash has made an enormous contribution to the capital markets practice here, but I’d still put our team up there against any other.”
Meanwhile, Howrey has raided Cleary to snap up antitrust partner Shaun Goodman.
Goodman’s departure leaves Cleary with just two partners working on UK competition law - Nicholas Levy and Romano Subiotto QC, who divides his time between London and Brussels.
Speaking of the new hire, Howrey’s head of European competition practice Trevor Soames said: “Shaun’s an exceptionally good fit for Howrey. His strengths are our strengths.
“Shaun is expert in all facets of antitrust, especially litigation as well as merger work, and clearly enjoys the respect of clients drawn from many industries such as aviation, energy, media and financial services. As we continue to grow out antitrust practice in the UK we look to Tom McQuail, and now, Shaun, to provide the leadership, expertise and energy to service client needs.”