Back in March, we reported that two big time Skadden D.C. partners were splitting off from the mothership and forming their own firm. Yesterday, we received word that their new firm, BuckleySandler, made a significant new hire:
After 20 years with General Electric, Stephen Ambrose, Jr., former General Counsel of GE Capital’s consumer finance unit, is joining BuckleySandler, as Partner-in-Charge of the firm’s New York office, effective July 1, 2009. This move coincides with the opening of the firm’s New York office.
G.E., we bring good things to life.
A new New York office run by a finance guy? Are they hiring?
Actually, if I was an unemployed corporate attorney in NYC I wouldn’t wait for an answer to that question. Sending a cold, unsolicited resume to a person you haven’t met can’t really hurt. Not in this market.
A spokesperson for Buckley Sandler had this to say about the importance of the hire:
Steve’s reverse commute will provide the firm with not only an accomplished, well-respected addition but an industry insider with a complete understanding of the financial services landscape and huge sector experience. As Steve notes, “Joining BuckleySandler provides me with a superb opportunity to employ as outside counsel the client-focused service and cost management skills I’ve developed during my career, as well as the chance to practice with my longstanding and highly respected legal colleagues at the firm.”
Oh come on, he’s practically begging to be inundated with resumes from young lawyers who also want a complete understanding of the financial services landscape — and a paycheck.
Check out the full BuckleySandler press release after the jump.
BUCKLEYSANDLER — PRESS RELEASE — NEW YORK OFFICE
Washington, DC/New York, NY (June 24, 2009) – BuckleySandler LLP, legal counsel to the financial services industry, announces the opening of its New York office and welcomes Stephen Ambrose, Jr., former General Counsel of GE Capital’s consumer finance unit as Partner-in-Charge of the new office, effective July 1, 2009. Ambrose’s extensive experience in banking, credit card and other consumer financial services matters will add to the depth of BuckleySandler’s existing transactional, regulatory and public policy capabilities.
“The addition of Steve Ambrose and a New York Office represents an important milestone in BuckleySandler’s strategic growth and further enhances our ability to provide the enforcement, litigation, regulatory, public policy and transactional legal services that our financial services industry clients require to meet today’s unprecedented challenges,” said firm Co-Chair Jerry Buckley.
For over 20 years, Ambrose held various general counsel positions at GE, most recently as General Counsel for GE Money, Americas, where he led the legal, compliance and government relations functions serving its credit card, banking, personal loan and other consumer finance units.
“BuckleySandler’s entrepreneurial spirit and emphasis on flexibility and high-quality service for clients made this a logical next step in my career,” notes Ambrose. “Joining BuckleySandler provides me with a superb opportunity to employ as outside counsel the client-focused service and cost management skills I’ve developed during my career, as well as the chance to practice with my longstanding and highly respected legal colleagues at the firm.”
Ambrose currently serves as the Law Committee Chairman of the American Financial Services Association and is a Fellow of the American College of Consumer Financial Services Lawyers. He received a bachelor’s degree, cum laude, from The Wharton School, University of Pennsylvania, and his J.D. from Fordham University Law School, where he served as an Editor of the Fordham Law Review.
As a firm that is taking the lead in the current financial services crisis, BuckleySandler’s intricate knowledge and understanding of the regulatory and legislative process enables its 54 litigation and financial services attorneys to keep their clients abreast of the laws that govern the industry, how they are shaped in Congress and how to respond and comply as new regulations are announced.
Earlier: Musical Chairs: Skadden Partners Jumping Ship