Clifford Chance star Signy quits for Simpson Thacher

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  • Wow. This is serious stuff for Clifford Chance. Is this the first in a rush to the exit by the firm's big hitters?

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  • This is certainly a big hire but Simpson Thacher aren't anywhere near being able to deliver full corporate service in London. They'll need to start hiring English tax lawyers for instance.

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  • Coming as it does as the same time as Clifford Chance totally restrutures its business and boots out dozens of lawyers, it's tempting to read a link
    between that and Signy's move. That would be a mistake. Signy's leaving because CC is screwed and he's smart enough to read the writing on the wall.

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  • The word on the street is he's doubled his dosh

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  • Simpson Thacher are a mature brand and need a generalist who understands the principles of private equity. Most of the blue chip US firms have coveted Adam. Its a good move for him.

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  • It's the smart people that leave CC.......

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  • Or maybe he was one of the partners who was asked to "explore other opportunities"... I mean, CC is reducing the size of their partnership, right? And Simpson aren't anywhere near to being able to deliver full corporate service. After all, on another news site, it is stated that Simpson currently has no UK-qualified corporate or private equity partners in London (yes, they have Tony Keal and Gorrie, but those are in finance, not corporate...) So there is no team in place, no tax practice, etc. so how will he make it all by himself??

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  • He certainly will not be doing the sort of deals he has been used to at CC. I just cannot see him drafting, reviewing documents, etc. all by himself since Simpson does not have any team in place for him. Why he chose to go to an office like Simpson in London just does not make any sense for me. Sorry, but this is simply not a good move for him.

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  • "Or maybe he was one of the partners who was asked to "explore other opportunities"..."

    Err... no, he wasn't. No firm in its right mind would ask Adam to explore other opportunities. He is one of the best M&A lawyers around.

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  • Why is everyone "agog" at this story? CC is undergoing a major restructuring and reorganisation, morale there is very low, their profits are in freefall and will this year fall below the £1m benchmark, Candover (Signy's big client) is fatally holed below the waterline and won't be doing any more deals (ever), Signy is not the lead relationship partner for KKR, CVC or Permira (CC's other big beast PE clients) and so even if he hasn't been pushed, this looks like a good tactical move for him as he might otherwise begin to look a little exposed at CC. As for Simpson, one swallow does not make a summer and one might say that this move is too little too late. If it's a statement of intent - great, but they'll need to broaden their footprint considerably if they are to be a credible choice for serious PE/M&A work.

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