Herbert Smith has moved to build up its debt finance capability by hiring White & Case partner Jake Jackaman
Jackaman, who joined the US firm from Clifford Chance two years ago, specialises in structured capital markets work, with a particular focus on collateralised debt obligations (CDOs). His arrival will strengthen the firm's relationship with Morgan Stanley in this area, although he has also worked for the likes of Merrill Lynch and ABN Amro. Jackaman is Herbert Smith's first major hire into the structured finance team since it took on Jane Borrows from what was then Sidley & Austin two years ago. Although Herbert Smith has a growing reputation in acting for banks, it has historically been better known for its work for originators. Jackaman said: "I'm moving because of the opportunity of joining a firm with a strong brand, which is growing in finance." Jackaman's departure from White & Case leaves a vacancy to be filled on the UK structured finance side, although capital markets partner Rachel Hatfield is expected to step into the breach for the time being. White & Case partner Mike Goetz said: "Jake's a good lawyer and was a valued member of the team, and there are no hard feelings."