Skadden scoops star antitrust team from Cadwalader

Skadden Arps Slate Meagher & Flom has taken Cadwalader Wickersham & Taft’s head of antitrust plus two of his partners.

The fallout at Cadwalader following head of antitrust Steve Sunshine’s departure is expected to extend to several associates, understood to be joining him at Skadden.

Cadwalader’s antitrust capability is now limited to three litigation specialists in its New York headquarters.

Sunshine, whose clients include De Beers, will join Skadden’s Washington DC office while partner Jessica Biggio and Matthew Hendrickson, the latter joining Skadden as of counsel, will both be based in Skadden’s Times Square headquarters.

Sunshine and Biggio were at Cadwalader for less than two years, joining in March 2005 from Shearman & Sterling, where Sunshine was also head of antitrust.

He jumped ship from Shearman to Cadwalader for a reputed $3m remuneration package, which sealed the deal over contenders including Willkie Farr & Gallagher and Milbank Tweed Hadley & McCloy.

Another attractive point on Sunshine’s CV was the two years spent time with the US Department of Justice’s antitrust team.

The antitrust team at Skadden is currently preoccupied with advising Nasdaq on the competition elements of its £2.7bn bid for the London Stock Exchange, which formally expires on 10 February.