Having been a trainee at the firm from 1987, Perry clients include Skandia, Royal & Sun Alliance, Credit Agricole and Société Générale.
Perry was expected to join fellow ex-Ashurst colleagues Charlie Geffen, Jonathan Earle, Mark Sperotto, Nigel Stacey and James Cox, who previously quit Ashurst to join the US firm in London as it aims to build a full-service platform in the City.
Ashurst’s retention of Perry follows the firm confirming finance partner Nigel Ward would will also remain at the firm after resigning for Paul Hastings.
Ashurst chairman Ben Tidswell said in a statement: ‘Over the years, James has invested significantly in the firm, our clients and the team. He has decided that his priority is to continue to develop, with Jonny Gordon and Jake Green, our successful regulatory practice. Continuing to benefit from James’ considerable experience and intellect in regulatory matters will be of significant benefit to us and our clients.’
For more on Ashurst see the comment piece: ‘Comment: Looking forward to Ashurst’s decline – The outlook worsens for a proud City institution’