In the latest departure from Cadwalader Wickersham & Taft, commodities and securities partner Peter Malyshev is joining Sidley Austin in Washington, D.C. Sidley previously hired a 14-attorney real estate financial group from Cadwalader back in April 2025, including the firm's finance group co-head Bonnie Neuman and partners Melissa Hinkle, Nicholas Brandfon, and Molly Lovedale. “I’ve known Sidley for a long time and a number of partners from my previous shops have joined Sidley,” Malyshev said of his decision to join the firm. “Clients really like to be at a one-stop shop...Sidley is an absolutely phenomenal solution for clients and offers the entire suite of financial services that clients require." Malyshev’s move also as Cadwalader prepares for an intended merger with Hogan Lovells. Since the firms’ announcement, Cadwalader has lost two IP litigators to Orrick, Herrington & Sutcliffe, including global litigation and IP co-chair Danielle Tully and partner Mike Powell. The firm also lost litigation partner Jonathan Watkins to Proskauer Rose, which previously added on a four-partner finance team from Cadwalader in order to launch a Charlotte, North Carolina office in September 2025. According to Malyshev, he shares a number of clients with Sidley, aiding in his transition between the firms. He will also be bringing a number of other clients along with him the move, a group of clients he described as “a smaller category of new entities in the fintech area...(that are) growing very rapidly and very quickly." “What is exciting is that I will be providing a specific service that Sidley may not have been providing in the past, even if the client was an institutional one,” Malyshev, who focuses on regulatory, compliance, and transactions in the commodities space, said. Yvette Ostolaza, Sidley’s management committee chair, agreed that Malyshev would be an asset for the firm’s clients moving forward. "He has a particular area of expertise that clients are finding critically helpful right now," she said. "He was known to some of our partners for a very long time and we were thrilled to reach out and get him to join us.” According to Malyshev, the commodities sector is undergoing rapid changes as technology advances and government regulators get involved in the space, keeping him and his clients on their toes and contributing to demand. “Especially in the past few years, there’s been such enormous change that now is probably the most exciting time to practice law in this area,” Malyshev said. “I’m sure if we were to speak in six months from now the market would be fundamentally different from what it is now. Watch this space.” Malyshev is not the only commodities and derivatives practitioner to make a lateral move in recent weeks. Former FTX general counsel Ryne Miller, who served as the chair of Lowenstein Sandler’s commodities, futures and derivatives practice, left the firm to join Morrison Foerster on January 14.