Shearman & Sterling in Paris has parted ways with a six-lawyer corporate team, led by a 33-year veteran of the firm, to Gide Loyrette Nouel. 

Sami Toutounji, a partner and head of the governance, benefits and employee shareholding practice within corporate at Shearman, will establish a practice at Gide focused on employee shareholding, housed within the M&A practice group, according to Gide.