Another three associates are set to leave Clifford Chance’s depleted communications, media and technology (CMT) group.
Lawrence Jacobs’ fledgling outsourcing practice at Milbank Tweed Hadley & McCloy is taking two associates and another is leaving to join former Clifford Chance partners Christopher Millard and Tim Schwarz at Linklaters.
“From a personal perspective, with the opportunity [at Milbank] and the money there I can see it is a very attractive proposition. We believe our proposition is equally attractive, but I respect the decisions they’ve taken,” said Clifford Chance’s CMT head Joachim Fleury. “[The other departure] is an unfortunate coincidence that it comes at the same time.”
Milbank has acquired Clifford Chance’s most senior CMT associate Sean Keaton, described by an independent party as “a complete star”, and one of his junior colleagues. Keaton is expected to take some work with him, which may include major IT clients such as Barclays.
Jacobs is in the process of building a UK outsourcing practice after joining Milbank from Allen & Overy in September, and more recruits are expected soon. Similarly, Schwarz and Millard are in the process of building a technology, media and telecoms group at Linklaters.
Clifford Chance’s CMT group has been hit by a steady flow of partner and associate departures over the past year.
Fleury is currently recruiting, but might not replace everyone immediately.