Skadden scoops Shearman rainmaker

Skadden Arps Slate Meagher & Flom has raided the City arm of US rival Shearman & Sterling to poach M&A partner Adrian Knight.

Knight is expected to serve his final day at Shearman today, after his resignation was formally announced to the staff at the firm’s London office earlier this week.

Knight, who joined Shearman from Ashurst in 1999, is well regarded within the City’s M&A market. He has most recently been advising property tycoon Robert Tchenguiz and his T20 vehicle on its £202m acquisition of the Yates pub group.

Shearman & Sterling managing partner Kenneth MacRitchie said no restrictive covenants applied to Knight’s departure, although it was “business as usual” for the firm’s London office.

Skadden Arps has been implementing an extensive expansion campaign in recent months, most notably securing the hire of tax partner James Anderson from Clifford Chance.