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McDermott is making Steven Black a partner, its third in its blossoming structured finance team which was only founded in August 2006 with a raid on Baker & McKenzie for securitisation partner Paul-Michael Rebus.
Black, who was at Ashurst before White & Case, will work alongside Rebus and Nick Terras, who was hired from SJ Berwin in March.
Terras said: “Steven’s practice dove-tails together with our strategy in London and the fact that he represents many of the same clients as us makes it a great fit."
Black’s clients for the structured products on which he worked at White & Case include Merrill Lynch.
White & Case’s securitisation team is still sizeable, meanwhile, with five partners and 31 associates remaining after Black’s departure.