Shearman poaches Norton Rose corporate ace Levy

Shearman & Sterling has snared Norton Rose corporate heavyweight Laurence Levy for its London M&A team.

Levy is a specialist in M&A, equity offerings, joint ventures and corporate restructurings. Levy’s key clients include power giant Drax Holdings and Corus.

Levy told The Lawyer Shearman & Sterling’s motives in persuading him to leave Norton Rose were not client driven.

“It’s not as though I had to take a book with me – this wasn’t about clients,” he said. “The strategy at Norton Rose has been to bring big clients in and institutionalise them and I have been supportive of that.”

“It’s a huge decision to make, and it was a personal life choice I made. I’ve spent 20 years at Norton Rose and I felt like it was time to move on,” he added.

Norton Rose head of corporate finance Tim Marsden said the move was ammicable and Levy was not proposing to take any heritage clients.

Levy is set to join Shearman & Sterling from Norton Rose, where he has been a corporate finance partner since 1996. He joined Norton Rose in 1986.

He has advised on a number of high profile matters, representing Drax on its £1.3bn restructuring in 2003 and its IPO and refinancing program last year. He also acted for Corus on its Teesside plant’s steel supply arrangements with a multi-national consortium.