Clifford Chance (CC) has become the latest law firm to benefit from the winding down of Bingham McCutchen, with the hire of a five-strong team in Washington DC, including partners Robert Gross and William Cejudo.

The group, which also includes counsels Robert Patrick Hagan and Leah Willmore and associate John Lust, have been added to bolster what CC sees as a re-emergence in the residential securitisation market.