Shearman ramps up competition with Lovells raid

Shearman & Sterling has raided Lovells to bolster its London competition and antitrust practice with the hire of the group’s second partner.

Matthew Readings joins the US firm’s London competition practice bolstering the local team seven lawyers. He will work alongside partner Christopher Bright, who moved across from Clifford Chance to launch the group in 2001.

Readings is understood to have resigned from Lovells yesterday, with the firm notified through a formal announcement at noon today.

His formal start date at Shearman has not yet been finalised, although it is expected that he will formally begin work at the US firm early in the New Year.

The hire follows Shearman’s announcement yesterday (20 December) that 14 lawyers had been promoted to the partnership globally. This included two promotions in London – Patrick Clancy in the bank finance group and George Karafotias in the M&A team.