John Elliott (pictured), Clayton Utz’s national M&A head until July; David Stammers, a former head of the private equity group; and Kevin O’Sullivan, a senior Perth-based energy and resources partner, all resigned from the firm’s partnership last week.
Lawyers Weekly can exclusively reveal that Elliott will be joining Norton Rose Fulbright (NRF), while Stammers will be departing for Ashurst.
Elliott is expected to start at NRF in 2015 while Ashurst declined to comment when contacted about the likely start date for Stammers.
Ashurst recently lost senior partner Ian Williams and junior partner Damien Roberts to Herbert Smith Freehills.
Elliott was a partner at Clayton Utz since July 1989 while Stammers was poached from Minter Ellison’s partnership in 2004.
Speaking to Lawyers Weekly, Clayton Utz chief executive partner Robert Cutler said he was not sorry to see Elliott and Stammers leave the firm and link up with rival firms.
“We wish them well,” said Cutler. “We are going through a structural change, and critically assessing various parts of the firm. I believe we need to reinvigorate and rejuvenate our offering.”
O’Sullivan, who joined Clayton Utz in 2006 from Herbert Smith Freehills, is not believed to have joined another firm at this stage. He did not comment when approached by Lawyers Weekly as to his future plans.
Elliott was the Sydney-based national head of Clutz’s M&A practice until 1 July, when he was replaced by Rory Moriarty as part of a firm-wide shake-up at the national firm, which was ushered in by Cutler when he replaced Darryl McDonough.
“John Elliott is an outstanding mergers and acquisitions lawyer and we are delighted that he will be joining our business,” said NRF Australian managing partner Wayne Spanner.
Stammers, a Sydney-based private equity specialist, also spent time as the head of the firm’s private equity group. The private equity practice now also falls under Moriarty’s auspices.
The departing trio, collectively representing over 40 years of partnership experience, are the latest senior partners to leave Clayton Utz.
Just prior to Lewis’ defection, the Perth office of Clayton Utz had poached real estate partner Simon Taskunas from Herbert Smith Freehills and Canberra’s Jennifer Wyborn from local firm Meyer Vandeberg Lawyers.
Cutler refused to divulge if more lateral partner hires were on the cards for the national firm before the end of the year.
Last month, Lawyers Weekly exclusively revealed that since July up to 40 roles have been made redundant across the Sydney and Melbourne offices of Clayton Utz.