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Shearman & Sterling is seconding one of its London corporate partners to its Abu Dhabi office to strengthen its ties with sovereign wealth fund clients in the region.
Shearman & Sterling is seconding one of its London corporate ;partners ;to its Abu Dhabi office to strengthen its ties with sovereign wealth fund clients in the region.
Partner James Comyn is set to leave for the Middle East office later this year as the firm focuses on lucrative corporate work stemming from sovereign wealth funds such as the Abu Dhabi United Group for Development and Investment (ADUG).
Earlier ;this ;month Shearman London partner Laurence Levy advised the ADUG on its £200m acquisition of Manchester City Football Club.
London ;managing partner Anthony Ward said: “The Middle Eastern practice is very successful for the firm. We’ve been in the region for a long time now and have developed good links with sovereign wealth funds and other groups in the Middle East. The referral network from here is very healthy.”
Comyn’s move to Abu Dhabi will leave Shearman London with a three-partner corporate team of Levy, Lois Moore and US lawyer George Karafotias. Earlier this year (7 July) The Lawyer revealed that Shearman corporate head Peter King was defecting to US rival Weil Gotshal & Manges.
Levy ;said: ;“Our capabilities in London are still very successful and our referral network has certainly benefited from the practice developing in the Middle East. Making sure we ;maintain ;a ;good relationship with these clients is very important to the firm.”