Norton Rose lateral” />Norton Rose has lost another partner from its London office as CMS Cameron McKenna makes a rare lateral hire.
Nicholas Stretch will lead Camerons’ share incentives team, which includea numbers associate Anika Chandra and returning lawyer Sue El Hachmi. El Hachmi left Camerons two years ago to join Ernst & Young and returns as an associate.
Stretch told The Lawyer: “I spent 13 years at Norton Rose and had a sort of mid-life crisis and decided to move on. Camerons has a great corporate client base and I’m looking forward to working in tandem with the other groups at the firm.”
At Norton Rose, Stretch advised on the Drax flotation and the takeover of Pillar Property by British Land.
Last year Norton Rose failed to stem a tide of departures, losing 10 partner-level lawyers from its City office.
For Camerons, Stretch’s appointment marks a rare foray into the lateral hire market. Banking partner Ashley Smith, who joined from Clifford Chance in 2004, is the only lateral partner hire the firm has made since 2003.
Louise Higginbottom, global head of tax, incentives and pensions at Norton Rose, said: “While we’re sorry to see Nicholas leave, in David Cohen Norton Rose has one of the acknowledged leaders in the market, and the team is being further strengthened by the recruitment of Monique Fry, a senior associate from Ashurst.”