Shearman loses antitrust head to $3m Cadwalader sweetener

Cadwalader Wicker-sham & Taft has secured Shearman & Sterling antitrust star Steven Sunshine after tabling a dazzling annual remuneration package believ-ed to exceed $3m (£1.6m).

As first revealed on www. thelawyer.com (3 March), Shearman global antitrust head Sunshine is joining Cad-walader with junior partners Jess Biggio and David Wales.

It is understood that Cadwalader beat competition from New York rivals Willkie Farr & Gallagher and Milbank Tweed Hadley & McCloy.

Sunshine and Wales will work out of Cadwalader’s Washington DC office, while Biggio joins the New York office. They started at Cadwalader on 3 March.

Sunshine, who last year counselled De Beers in its settlement with the US Department of Justice, will lead Cadwalader’s newly-created antitrust practice.

The hires represent Cad-walader’s first major foray into the antitrust sector and are designed to bolster the corporate and litigation practices.

Cadwalader’s corporate department was the envy of New York earlier this year when it secured Procter & Gamble to advise on its merger with Gillette.