Morrison & Foerster added private funds lawyer Leonora M. Shalet to its New York office, continuing the firm’s drive to bolster its corporate practice.
Announced Monday, her hiring away from Schulte Roth & Zabel follows the capture of Freshfields Bruckhaus Derringer deal maker Mitchell S. Presser earlier this month. He is now a co-chair of Morrison & Foerster’s global corporate department.
Shalet had been a Schulte Roth special counsel on investment management for nearly 13 years before jumping to to MoFo. She has experience counseling investment funds in connection with their structuring, formation, and operational needs. Shalet also advises on general securities law matters, regulatory, and compliance issues.
With her arrival, Morrison & Foerster will have added 10 lawyers to its New York office as partners since the start of 2019.
But the firm this month also saw the departure of its global co-head of mergers and acquisitions and London head of its corporate practice, Graeme Sloan, who joined pharma client Izana Bioscience.
Stephanie Thomas, co-chair of MoFo’s private funds group, said Shalet’s “wide range of experience in the funds world, particularly in the credit space, will be particularly useful in today’s climate.”
“Our clients will immediately benefit from Leonora’s strategic counsel as well as our deepened bench strength in New York.” Shalet, who practiced in London before she relocated to New York in 2006, would be helping the firm grow its offerings on the East Coast, Thomas added.
Shalet commended her new firm for its excellent reputation in the funds and investment management space and an impressive global platform.
“The firm has a well-established internationally recognized private funds practice that represents notable fund sponsors and major institutional investors, which aligns well with the work I do,” she said in a statement.