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Freshfields loses another New York heavyweight as securities litigator Fishman moves to Goodwin

Freshfields Bruckhaus Deringer has lost a member of its US partnership with Goodwin Procter hiring securities and commercial litigation partner Marshall Fishman.

Fishman will head Goodwin’s New York commercial and financial litigation practice. Joining the Magic Circle firm in 2010, Fishman moved to Freshfields’ New York office from Kramer Levin Naftalis & Frankel alongside Walter Stuart who returned to Vinson & Elkins in 2014.

He has advised clients such as JP Morgan in cases brought by investors throughout the country arising out of the collapse of the two Bear Stearns hedge funds that held collateralised debt and mortgage obligations.

Fishman represented CIBC World Markets in federal court in an industry dispute involving the trading of derivative products totalling $1.55bn. He also advised Prudential Securities – the financial services arm of insurer Prudential Financial – in a multimillion-dollar commodity fraud trial before the Commodity Futures Trading Commission.

Co-chair of Goodwin’s financial industry practice Thomas Hefferon said: ‘An accomplished and well-known leader in his field, Marshall combines a natural problem-solving ability with decades of wide-ranging industry experience, an exceptional network and a truly collaborative approach to successfully manage his clients’ most sophisticated cases.’

Freshfields boosted its US platform in November, taking corporate partner Aly El Hamamsy from Cadwalader, Wickersham & Taft. However it lost litigator Michael Lacovara, who was executive partner, to join Latham & Watkins in June 2016. Part of a four-man global leadership team at Freshfields, Lacovara managed the firm’s global business services functions, and was responsible for the firm’s operating model and enhancement of its operational efficiency and client-service delivery.

Freshfields absorbed Lacovara’s exit by splitting his management roles between the three remaining members of its global leadership: Chris Pugh, Edward Braham and Stephan Eilers.

Read more: ‘When will the US become a land of opportunity for Freshfields?’