Shearman & Sterling has hired Freshfields Bruckhaus Deringer financial services senior associate Barney Reynolds as counsel. With the addition of Reynolds to its English law capability, Shearman has gained another ancillary service to support its core corporate and M&A practices. UK M&A partner Adrian Knight said: "We anticipate significant M&A activity as the financial sector consolidates. Regulatory advice will be critical to our clients in this environment." Reynolds has a strong pedigree for advising financial institutions on a range of legal and regulatory issues. He has acted for Morgan Stanley, Deutsche Bank, the London Stock Exchange, Lloyd's of London and Zurich.