Viguié Schmidt hires CC securities litigator

Newly merged French boutique Viguié Schmidt Peltier Juvigny has hired former securities litigator Frédéric Peltier from ­Clifford Chance.

Peltier

The former Clifford Chance Paris-based partner left the magic circle firm last month after a nine-year stint.

Viguié Schmidt is a newly merged firm that has combined the M&A and ­litigation boutique of ­partners Nicolas Viguié and Yves Schimdt with the ­specialist competition firm of Olivier de Juvigny and Inaki Saint-Esteban.

The combined firm now has 16 lawyers, consisting of six partners and 10 associates.

Peltier, whose practice spanned Clifford Chance’s M&A and securities ­litigation groups, said the small firm environment is more suitable for his ­practice.

“Clifford Chance is a ­fantastic firm, but the ­reality is that the core client base of international ­financial institutions can create conflicts for my ­corporate client base,” said Peltier. “It’s much easier to develop a litigation practice in a smaller environment.”

Peltier’s move comes as Clifford Chance culls its partnership as part of a global restructuring.

The firm’s European offices have seen cuts in recent months. Earlier this year (6 April) The Lawyer reported that the magic ­circle firm had shed 10 associates from its Amsterdam office due to the economic downturn.

As well as Peltier, Viguié Schmidt also hired ­associate Didier Fornoni from Clifford Chance.

Peltier said: “It’s a small and focused firm that’s seen a lot of growth recently. It’s changed a lot in recent months, but we want to make sure the firm remains focused and plays to its strengths in litigation and M&A.”