Simmons continues City capital markets push with Clifford Chance partner hire
US-qualified Chris Walton is Simmons' third capital markets partner hire in the City this year
July 03, 2017 at 08:19 AM
2 minute read
Simmons & Simmons has hired US capital markets partner Chris Walton from Clifford Chance (CC) in London.
Walton will join Simmons' corporate team in September, after more than 16 years as a partner at CC. Before that, he spent 11 years at Cleary Gottlieb Steen & Hamilton in New York and London, where he was a special counsel.
Walton advises on a range of equity and debt capital markets matters, as well as other EMEA corporate finance transactions. He also has experience with US Securities and Exchange Commission-registered private placement offerings.
Mark Curtis, Simmons' international head of corporate and commercial, said: "As a senior and highly regarded US partner, Chris will play a key role in the further growth of our capital markets practice in London and internationally.''
Walton added: "I look forward to working with the team to build on the existing momentum and further drive the development of the practice in the UK and internationally."
His recruitment represents Simmons' third capital markets partner hire in the City so far this year. Earlier this year, the firm hired Allen & Overy (A&O) capital markets partner Jonathan Mellor, and Cleary Gottlieb Steen & Hamilton capital markets partner Simon Ovenden.
Other hires for Simmons during the past 12 months include Eversheds' arbitration partner Stuart Dutson, and Goldman Sachs executive director and senior counsel Deian Rhys.
Last month, Simmons carried out one of the most significant changes to its partnership deed in years, putting in place measures to make it more difficult for teams of partners to quit for the same firm.
The move was ushered in in response to a spate of defections to A&O last summer, with many partners within the firm backing the change in order to prevent further team losses.
Earlier this summer, Simmons & Simmons announced that its profit per equity partner (PEP) had rebounded by 9% in 2016-17, after dropping by 10% during the previous financial year.
The increase takes PEP to £635,000, against a 7% rise in revenue to £316.1m, up from £295.1m in 2015-16. Net profit grew by 12%.
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