Reed Smith has hired a new regulatory partner in London from troubled firm King & Wood Mallesons (KWM).

David Calligan focuses on financial services regulatory matters including compliance and M&A matters. He has a particular focus on assisting CFD and FX trading firms.

Before joining legacy SJ Berwin Calligan had worked at the LSE.

KWM’s European arm has run into financial difficulties and has looked at various restructuring plans over the last few months including a cash call from partners.