Clifford Chance recruits its seventh US securities lawyer

Clifford Chance has recruited Sullivan & Cromwell New York associate Rick Ely – its seventh US securities lawyer in the London office.

The firm says the appointment comes in response to increasing demand from international issuers and underwriters for it to handle the US law element of their cross-border transactions.

Clifford Chance aims to rival US firms advising on New York listings. Nine-year New York-qualified Ely said: “I was attracted to Clifford Chance because it has gone further than any other firm in developing a truly international practice.”

London-based US securities partner John Connolly said: “If we continue to attract first-class US lawyers such as Rick, I'm sure we'll achieve our goal”.