U.S. law firm Shearman & Sterling's London-based partner Rahul Chatterji is taking his leveraged finance practice to rival UK firm Linklaters' Singapore outpost, Linklaters said Friday.

Chatterji, who leaves Shearman after less than two years there, focuses on cross-border financings and has a strong track record in offshore Indian transactions, Linklaters said in a statement.

Chatterji is slated to join the firm in May, initially in London, before relocating to Singapore. He will focus on the growing Indian and Southeast Asian leveraged finance markets and work with the firm’s global finance team to support clients in Asia, Linklaters said.

“The Indian economy is one of the fastest growing in the world and offers exciting opportunities for our clients to realize their global ambitions, Linklaters’ India head Narayan Iyer and Asia banking lead Philip Badge said jointly in a statement.

New York-founded Shearman has seen a string of recent departures, most recently in New York with capital markets lawyer Grissel Mercado moving to rival Paul Hastings. A majority of the exits have been outside the United States, with at least 16 partners departing since the fall including in LondonParisAbu Dhabi and Munich.

A Shearman spokesperson said the firm wishes Chatterji well in his new role and cited two leveraged finance partners the firm hired in recent months in London and New York, Shameer Shah and Thomas Mastoras, "demonstrating our ongoing commitment to invest in the growth of our team and reinforcing our strong global platform."

Shearman is also one of several U.S. firms to lay off lawyers or staff in the past few months, cutting 12 associates and 26 business services professionals in the United States amid macroeconomic headwinds.

Linklaters has also lost two parters in London in the last week to Cleary Gottlieb Steen & Hamilton and Latham & Watkins.

The firm also lost the global co-heads of its infrastructure practice in London to Paul Hastings earlier this year.


Related Articles

SG boutique BTP welcomes corporate partners from Eng, Links

by Sarah Wong |

Singapore corporate boutique BTPLaw has hired Lynn Ariele Soh and Leeza Lee as partners. Soh was most recently a director at Eng & Co, the Singapore member firm of PwC Legal, while Lee was a managing associate at Linklaters’ Hong Kong office.

COVER: Innovation Unleashed

by Ranajit Dam |

It has been barely a year since generative artificial intelligence (Gen AI) entered the mainstream, and since then, it has swiftly and comprehensively captured the imaginations of business leaders and the public like no other emerging technology till date. Companies realise that if they don’t get on board now, they risk getting left behind.

BRIEFS: Foreign Firms Recalibrate China Strategy as Environment Toughens

by Sarah Wong |

International law firms operating in China have been mired in a crisis of confidence following a series of grim news. In the latest signal of market dismay, Magic Circle firms Linklaters and Clifford Chance trimmed associate headcounts in China and Hong Kong as a result of the weaker economic environment.