Ashurst has confirmed that three of its London-based US securities partners are leaving the firm.
A spokesperson said that Daniel Bushner, Eric Stuart and Marie Elena Angulo would shortly be leaving Ashurst, although she was unable to confirm where each of them was going. The news was first reported on legal website RollonFriday.
A source confirmed that Stuart and Angulo will be joining the London office of US firm Jones Day, adding that there was also “an opportunity” for Bushner to join them.
The three departing partners currently make up Ashurst’s entire London-based US securities team, but a source within the firm said it had been planning to change and “strengthen” the team for some time. The source added that it is likely that the new team will comprise two, more senior, US securities partners.
The insider also said Ashurst was already in advanced discussions with potential candidates and was close to making an announcement about the new US securities team. It is believed that at least two of the departing partners will remain at Ashurst until their replacements are ready to take over, plugging any potential gap in the practice group.
Ashurst managing partner Simon Bromwich said: “All three of the partners have contributed much to the firm and we wish them well.”
Ashurst has seen a number of partners depart in the past year. Energy partner Ashley Wright joined Norton Rose to bolstered its Asia Pacific oil and gas team in Singapore (17 December 2010) while last November corporate partner Steven Fox defected to Clifford Chance (25 November 2010).
Fox followed Alan Kitchin to the magic circle firm. Kitchin, who had founded Ashurst’s Tokyo office, joined Clifford Chance to head its corporate and projects practice in the Japanese capital (17 February 2010).