Shearman & Sterling hired Alan Rockwell and Michael Chernick, co-heads of Allen & Overy’s U.S. leveraged finance group, as partners in New York.
Rockwell will become co-head of U.S. bank finance alongside partner Maura O’Sullivan.
The hires follow Ward McKimm’s recent appointment as head of Shearman’s global leveraged finance business in London. McKimm rejoined the firm last year, seven years after he left for Kirkland & Ellis.
The new team, which is based out of both New York and London, is meant to strengthen Shearman & Sterling’s position in the area of leveraged finance.
“The opportunity to add Alan and ...