CC exodus continues in DC

Washington DC is the latest Clifford Chance office to be hit by a departure as the managing partner for the region leaves for an in-house role at the Securities Industry Association.

Ira Hammerman, a legacy Rogers & Wells partner who has been with the pre and post merger Clifford Chance in the US for more than 20 years, will become senior vice-president and general counsel at the association.

During his time at the firm, Hammerman served as acting chief operating officer (COO) for the Americas. Clifford Chance subsequently appointed Terry Hatchett, the former North American managing partner of collapsed accountancy firm Arthur Andersen, as COO in 2003.

Most recently, Hammerman was involved in Clifford Chance’s New York relocation from the Metropolitan Life office, home to Rogers & Wells for more than 20 years, to the Deutsche Bank building.

While the tide of partner losses shows no sign of abating at Clifford Chance, the firm did just take on James Hart Holden for its Washington antitrust group. He joined from the Federal Trade Commission where he served as deputy assistant director for the bureau of competition, merger I division.

Last month, Clifford Chance’s New York office was hit with a slew of departures, when five lawyers quit, including deputy managing partner for the Americas David Taub. A few days before, the West Coast sustained three partner losses within two days.

The Securities Industry Association, the result of a merger in 1972 of the Association of Stock Exchange Firms and the Investment Banker’s Association, represents the interests of nearly 600 securities firms.