Linklaters has hired a partner from Ashurst, while Clifford Chance has hired a partner and seen another partner depart to a US firm in London’s still-busy recruitment market.
Linklaters has strengthened its banking practice by hiring real estate finance partner Jessica Jenner, who joins it from Ashurst, where she was made a partner in 2015, the firm said on June 7.
Jenner represents sponsors and creditors and has investment and development lending experience across all real estate sectors. She will join Linklaters in the autumn.
READ Clifford Chance raises junior lawyers’ salaries to £125,000
Clifford Chance, meanwhile, has added a partner in London and also sees a head to exit.
The firm has hired leveraged finance partner Matt Dunn of Irish firm Arthur Cox, it said in a June 7 statement.
Dunn returns to Clifford Chance, having started his career with the firm in 2005 and being made a partner in 2015. He joined Arthur Cox in 2018.
Meanwhile, Clifford Chance’s longtime restructuring partner, Adrian Cohen, has left the firm to join Proskauer Rose, the US firm confirmed.
Cohen’s move was first reported by The Lawyer magazine.
READ The hot hiring market for London lawyers will continue into 2022 despite the M&A slump
The legal employment market has been in turmoil over the past 18 months as firms look to invest on the back of strong financial performance for the sector thanks to a global M&A boom.
The junior end of the market has seen rising salaries as companies try to build their banks amid a glut of work and competition for talent.
Last month, Clifford Chance increased salaries for newly qualified barristers to £125,000 a year.
Data from recruiter Robert Walters showed demand for lawyers in London was not slowing in the first quarter of 2022 despite a slowdown in M&A.
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