Linklaters capital markets partner Alan Davies has left the firm to join Simmons & Simmons, which has announced a double City hire from the magic circle outfit.
Davies, who specialises in derivatives and structured products, is set to move to Simmons alongside Linklaters managing associate Piers Summerfields, with both joining as partners.
Davies, a partner since 1995, was a founding partner of Linklaters’ derivatives and structured products group, spending time in the firm’s London, Paris and Tokyo offices. He was a partner in the Tokyo office between 1998 and 2001, returning to London that year.
Summerfield, a specialist in debt and equity-linked transactions, has worked in London, Paris and São Paulo.
Linklaters has seen a number of City resignations in recent months, with real estate head Anne Byrne quitting following a string of exits in the practice (21 June 2012).
Simmons’ hires follow the recruitment of financial services partner David Williams from DLA Piper (23 April 2012) and Clifford Chance senior associate Donna Ager, who also joined as a partner.