In a significant blow to Camerons, its Central and Eastern Europe (CEE) energy and projects coordinator David Griston and its Moscow head of banking and international finance Jared Grubb are both moving to the magic circle firm. Griston will be a corporate partner at Clifford Chance, while Grubb will be a finance partner.
Griston was formerly managing partner of Camerons’ Moscow office before David Cranfield took over the reins. This will not be his first stint at a magic circle firm: he was briefly at Allen & Overy before rejoining Camerons as a partner. Grubb, meanwhile, has been with Camerons for two years after joining from Australian firm Clayton Utz.
News of the departures comes as Camerons is planning rapid expansion in the CEE and the Commonwealth of Independent States (CIS): the firm has just announced plans to open in the Ukraine, as revealed by The Lawyer (9 July). Camerons still has seven partners in Moscow, where there are more than 80 lawyers working under the CMS brand from three different firms.
Meanwhile, Clifford Chance is seeking to double the contribution its seven-partner Moscow office makes to corporate turnover.
Clifford Chance typically makes several lateral partner hires in a year – in 2006-07 it made nine lateral hires, for example.
Clifford Chance CEE regional managing partner Michael Cuthbert said of the hires: “David’s experience will significantly add to our capabilities in our energy M&A practice and Jared will bring greater breadth and depth to the finance team and will help us service the rapidly growing real estate finance market here in Moscow.”