Linklaters jilted as Skadden Arps partner makes U-turn

Linklaters has lost a new partner before he has even joined

Skadden Arps Slate Meagher & Flom corporate partner Jon Pedersen was expected to join Linklaters' US group in London, but the magic circle firm has confirmed that Pedersen will remain at Skadden Arps.
A spokesperson for Skadden Arps said: “It is accurate to say that due to personal reasons Jon has decided to stay with Skadden in New York.”
Pedersen's move to Linklaters would have given the US group in London its seventh partner. It would also have been a key hire in line with managing partner for the Americas Terence Kyle's much-vaunted aim to expand the firm's US capability.
Linklaters has a New York office, but Pedersen will not be moving there, preferring to stay at Skadden Arps.
Pedersen has been a senior partner at Skadden Arps in Asia since 1998. He has an enormous repository of experience in corporate finance work, from equity to high-yield debt deals. His M&A deals include advising First Pacific on the largest corporate transaction in the Philippines.
Skadden Arps has still to appoint a successor to the role of head of the Asia practice.
The U-turn would have been less embarrassing had news of Pedersen's planned arrival not slipped out to the Financial Times. A premature report last week disclosed that Linklaters had already recruited Pedersen.