Kirkland adds Shearman high yield star to City team

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  • That spells the death-knell for Shearman's London CM group. The rest of the partners in that group barely practice anymore.

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  • 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.

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  • 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. Working with Ward was the place to be.

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  • 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. I'm not surprised he's off.

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  • 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

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  • Let's not overreact - one partner doesn't make a firm

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  • No, but this particular partner does make a group

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  • 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.

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  • 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

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  • 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.

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  • We will never use shearman cm without ward mckimm

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  • 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

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  • This is a big blow to Shearman. No disrespect to Jacques, but Ward *was* the high yield practice, no doubt about that.

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  • 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

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  • 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.

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  • 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.

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