Vinson & Elkins has moved to bolster its London-based corporate finance and securities practice with a raid on US rival Shearman & Sterling.
Vinson has hired Peter Young as partner from Shearman’s London office. Young specialises in cross-border capital markets, and debt and equity transactions.
Young is the third lawyer Vinson has poached from Shearman, following the hire of project finance lawyers David Manny and Raminder Singh. He is the twelfth lawyer Vinson has hired in the past two years as the firm continues to rebound from the disaster of the Enron collapse.
Young’s clients are primarily companies in the banking, insurance, healthcare, retail and manufacturing sectors. He specialises in Scandinavian stock exchange equity offerings.
Vinson also relocated global head of international dispute resolution practice Jim Loftis to London in April 2006 as the firm seeks to place greater emphasis on Europe.