News Banking and finance US & The Americas Law firms Kirkland adds Shearman high yield star to City team By Margaret Taylor 13 April 2011 15:39 17 December 2015 15:07 Sign in or register to continue reading. It's FREE Sign in Email Password Keep me logged in Forgot your password? Not registered? It's FREE! Register now Register with The Lawyer Anonymous 13 April 2011 at 16:46 That spells the death-knell for Shearman’s London CM group. The rest of the partners in that group barely practice anymore. Reply Link Lisa 14 April 2011 at 13:46 Good for Ward. He was always too good for that practice group. He’s a great lawyer and was always really caring and attentive to my needs when I worked there. He taught me everything. A great move for him. Reply Link Matt 14 April 2011 at 14:08 Yeah, I agree with Lisa. Ward was the greatest when I worked there. A real mentor and a powerhouse in terms of business development. He always stuck out like a sore thumb in the S&S London CM team. The other partners in that group have really boring ’34 Act work, and not much of it. Working with Ward was the place to be. They will have nothing left now he’s gone, save for a couple of 20-Fs a year. I’m glad I got out. Wouldn’t want to be stuck working for Price or Gibson. Reply Link Anonymous 14 April 2011 at 14:31 Good for you Lisa. I’m glad you were so happy. I actually loathed my time in that dysfunctional group and couldn’t wait to leave. But I agree Ward was not well suited to it. He worked twice as hard as the rest of the partners in London CM put together and the more senior partners (like Pam Gibson) never treated him well. I’m not surprised he’s off. Reply Link Anonymous 14 April 2011 at 14:39 Wow, that’s big news. And bad news for Shearman. Ward is the engine room of their CM practice in London. Unless they have plans for some major lateral hires, the group he leaves behind is over Reply Link Anonymous 14 April 2011 at 14:57 Let’s not overreact – one partner doesn’t make a firm Reply Link Anonymous 14 April 2011 at 15:19 No, but this particular partner does make a group Reply Link S&S alum 14 April 2011 at 15:22 S&S needs to wake up, and start making some decisive moves (merger..?), it still has a great practice in HK and the Middle East, but needs to consolidate its lead by expanding in KSA and the Gulf: in Europe it’s sort of in a holding position/decline and in the Americas, things aren’t looking so good considering losses in Brazil, NY and Toronto in recent months. I think there are some great lawyers left with good practices and technical skills, and I hope this is the jolt S&S needs to get organised and carry on. Reply Link Josh 14 April 2011 at 15:30 I bet shearman will be fighting to keep him. No McKimm, no capital markets group in london. Period. Given its profitability these days, I’d be surprised if s&s can afford to match what K&E has put on the table Reply Link Mandy 14 April 2011 at 15:37 This has been a long time coming. For all practical purposes, McKimm is the only person in US CM at Shearman London. The other partners in that group coast with legacy work. The corporate group has all but collapsed with the departures of Peter King, Adrian Knight, Lois Moore, Bonnie Greaves and Jonathan Coppin. James Comyn has been sent to Abu Dhabi, leaving only Laurence Levy. Service partners are being let go left, right and centre because of the london office’s failure to build out a credible corporate practice and only the finance group remains credible and has critical mass. Without McKimm, shearman’s bank/bond capabilities disappear, however. Reply Link Anonymous 14 April 2011 at 15:52 We will never use shearman cm without ward mckimm Reply Link Liam 14 April 2011 at 18:54 Dave Beveridge, formerly of London and now on shearman’s policy committee in New York, made McKimm. He must have egg on his face right now. Beveridge left behind a strong Citigroup and Merrill relationship that McKimm inherited and will now likely take with him Reply Link Anonymous 15 April 2011 at 01:34 This is a big blow to Shearman. No disrespect to Jacques, but Ward *was* the high yield practice, no doubt about that. Reply Link Robyn 15 April 2011 at 13:15 Dave Beveridge is over from NY. McKimm has left. The partners are running around trying to sure up the Citigroup and Merrill relationships. Fact is, unless Beveridge returns permanently, there’s no one to do the work Reply Link Anonymous 15 April 2011 at 13:58 Besides the departure of one partner, I would be concerned about a law firm that cites low collections for a bad year. Since when do elite firms use that as a reason for lower profits and revenues? Not a great sign when most of its Wall Street competitors had record years. Reply Link Anonymous 15 April 2011 at 22:45 Jacques is a great partner and very capable. Given the high volume of high yield work and the scarcity of high yield players in the city – I have no doubt Jacques will be able to bring in deals and keep Shearman a major player. Reply Link Name Email Cancel reply Threaded commenting powered by interconnect/it code.