Biglaw, Lateral Moves, Musical Chairs, Partner Issues

Musical Chairs: Cadwalader Snags Three Prominent Proskauer Partners

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Three litigation partners have just joined Cadwalader from Proskauer, according to a firm-wide email circulated at CWT by firm chairman Chris White and litigation chair Gregory Markel.

The three partners are Louis Solomon, Hal Shaftel, and Colin Underwood. Their bios are still available on the Proskauer website (here, here, and here). Solomon previously chaired Proskauer’s litigation department; Underwood was co-head of Proskauer’s antitrust group.

In other Cadwalader news, class of 2010 incoming associates have their start date: September 27, 2010. This is a nice, normal start date. Commented one of future associates:

I’m very happy…. It’s 64 degrees in the city, and I’ve got a start date in 2010. Things are looking good.

Cadwalader was a “leader” in terms of lawyer layoffs: it moved early, and it cut deeply. But now the firm seems to be doing quite well — along with another firm known for heavy layoffs, Latham & Watkins.

Food for thought: Are the firms that conducted large-scale layoffs now reaping the benefits of their “right-sizing”?

More details about the pirated Proskauer partners, after the jump.

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Here’s the firm-wide email that went around CWT shortly after 4 p.m. today.

CADWALADER, WICKERSHAM & TAFT — FIRM-WIDE EMAIL — NEW PARTNERS

To All,

We are pleased to announce that Louis M. Solomon, Hal S Shaftel and Colin A. Underwood have joined the firm as Partners in our Litigation Department. Lou will become Vice Chairman of the Department and Head of the Commercial and International Litigation Practice Group. All will be resident in the New York Office.

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Lou and his team exemplify Cadwalader’s commitment to provide our clients with the profession’s top talent in areas where they face their most significant legal challenges. They have stellar records across a range of major complex commercial disputes and extensive trial experience. The team also has unmatched expertise in litigation with international dimensions, which is increasingly critical in a complex global economy. The addition of Lou and his colleagues strengthens the core disciplines within our litigation practice. Their experience in international and commercial litigation adds both scope and depth to our existing high-performing teams.

Lou is recognized internationally for his successful representations in complex litigation matters and high profile disputes, including antitrust, intellectual property, class action, and government and regulatory proceedings. He is ranked as a leading trial lawyer by many independent commentators, including Chambers USA, and received numerous accolades for outstanding work throughout his career. He has litigated cases involving multiple international jurisdictions including the EU, Russia, Latin America, Asia, Africa and the Middle East. He has been featured as an expert in numerous broadcast and print outlets including The New York Times, The Wall Street Journal, Fox Business and national Public Radio. Prior to joining Cadwalader, Lou was a partner with Proskauer Rose LLP, where he was former Co-Chair of the Litigation & Dispute Resolution Department and leader of the International Practice Group. He also served as Editor-in-Chief of, and chief contributor to, Proskauer on International Litigation and Dispute Resolution, an e-Guide on international legal practice.

Hal litigates complex commercial cases and has handled cutting edge matters, both at trial and on appeal. His clients include major companies and individuals in the financial services, biotechnology, professional sports and entertainment industries. An oft quoted spokesman on general business litigation, Hal is a specialist in litigation practice and corporate governance. Prior to joining Cadwalader, Hal was a partner in Proskauer’s Litigation and Dispute Resolution Department and head of that Department’s Private Funds Practice Group.

Colin is a litigator with extensive experience in intellectual property and antitrust law. He also advises clients on antitrust compliance issues and in connection with merger analyses, and has represented clients before the Department of Justice, Antitrust Division, and the FTC. His clients have included major pharmaceutical and biotech companies, mobile phone providers, and electronics manufacturers. Prior to joining Cadwalader, Colin was a partner in Proskauer’s Litigation and Dispute Resolution Department and co-head of that Department’s Antitrust Practice Group.

Please join us in welcoming these outstanding lawyers to the firm.

Chris White, Gregory Markel

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