Reed Smith has ramped up its energy, trade and commodities group with the hire of Clyde & Co partner Robert Parson.
Parson, who leaves Clydes after six years, has joined Reed Smith as a partner to build on his energy, natural resources and commodities practice.
Parson, who has advised JPMorgan Chase and Fortis Bank in the past, said that Reed Smith has the strength and depth he needs for his specialist area.
“The Reed Smith team and I have worked together in the past and I am looking forward to developing my practice from this global platform.” said Parson.
Reed Smith energy, trade and commodities head Kyri Evagora added that Parson joining was an “exciting step forward” for his firm.
Evagora said: “Robert’s expertise will strengthen our existing offering in the energy and trade finance sector and enhance our newly created Financial Industry Group.”
Clydes partner John Whittaker said that Parson’s departure was based on mutual consent.
“I don’t think Robert’s departure will impact on our practice,” said Whittaker. “The commodities side is the most profitable for our practice and in relation to litigation we have just promoted Mike Swangard to partner and he has managed to develop a strong practice. Also, banking partner Chris Lenton joined us a few months ago, so the practice stands firm.”