Cravath isn’t big on lateral hiring. When they hired tax lawyer Andrew Needham away from Willkie Farr & Gallagher in 2005, he was their first lateral partner in more than six decades (per Wikipedia).
Nor has Cravath been into bankruptcy work. Even though many other white-shoe firms have entered that historically “icky” practice area, CSM has stayed on the sidelines. Update/Correction: Actually, Cravath’s relationship with bankruptcy practice is a bit more complicated. And that last paragraph may be somewhat misleading. Click here for more.
At long last, Cravath is starting up a bankruptcy practice. And it’s bringing in a heavy hitter to get things up and running.
From a Cravath press release (just sent around the firm by email):
Cravath, Swaine & Moore LLP has announced that Richard Levin (at right), one of the authors of the 1978 U.S. Bankruptcy Code, will join the Firm as a Partner on July 1, 2007 to head its newly established restructuring and insolvency practice.
Mr. Levin joins Cravath from Skadden, Arps, Slate, Meagher & Flom LLP, where he was a partner in that firm’s corporate restructuring department.
So Cravath is moving into bankruptcy work. Is this a bad sign for the U.S. economy — the Biglaw equivalent of, say, rising home foreclosures? Update: Perhaps. Some thoughts on the subject are now up at the WSJ Law Blog. DealBook also has this post.
The complete Cravath memo, after the jump.
As previously discussed, Matthew Waxman — a member of the Elect (OT 2000/Souter), and a law school classmate of ours — is headed for academia. He recently accepted an offer to join the faculty of Columbia Law School. Congratulations, Matt!
But in the meantime, Waxman is pretty busy over at the State Department. Steve Clemons of the Washington Note writes:
Policy Planning Director Stephen Krasner has now officially departed for Stanford — and “Acting Director Matthew Waxman” is in place.
Waxman is an ideas entrepreneur with character (he is one of the real insider heroes who while at DoD fought against the erosion of the Geneva Conventions on torture). He also gets strategy and knows that water wars, transnational disease transmission, environmental challenges posed by climate change dynamics, massive refugee crises, and other non-traditional problems must be dealt with as well as thinking through how a superpower manages its interests in a world where other superpowers — and even not so super powers — aren’t the overriding security challenge.
Clemons shares our high opinion of Waxman — and thinks that his appointment as Policy Planning Director should be made permanent:
[P]erhaps State should remove the “acting” from Matthew Waxman’s title and roll the dice on someone who appears to many to be a 21st century “young Yoda.” Waxman, who I have met on occasion, reminds me of a hybrid of strategic wunderkind Paul Nitze and Eisenhower acolyte Andy Goodpaster.
One senior State Department official believes that Condi Rice “wants a name” heading Policy Planning — someone “with more stature.” But this is a pivotal time in American history and foreign policy. Not a lot of what we did yesterday will be that helpful in thinking through what we need to do tomorrow. Everything needs to be rethought.
It’s a little too early for a full-blown abortion debate, so let’s move on to more pedestrian matters, like partner poaching. A few weeks after Mayer Brown decided it needed to fire or demote 45 partners to drive up its stock price, Gary Friedman, who chaired Mayer’s employment practice, has decided he’s got to get the fudge out.
Friedman has been plucked by Weil for their employment litigation practice. Three other Mayer Brown lawyers are making the move with him: Andrew Kofsky, who will join Weil as counsel, and associates Jonathan Shiffman and Jonathan Sokotch.
From the WSJ Law Blog:
Friedman was not one of the 45 demoted or asked to leave. “I was not looking to leave,” Friedman told the Law Blog. “But for this extraordinary opportunity, I would have remained at Mayer, Brown.”
Sounds like the “right thing to say” to us.
Jeffrey Klein, the chair of Weil’s national employment litigation practice, says he poached Friedman. “He was a reluctant bride.”
Mayer Brown declined to comment.
Friedman specializes in defending employment class actions including discrimination and overtime-pay cases. It’s notable that Weil is beefing up in this area, since some top firms shy away from employment law, concluding that it’s not profitable enough. But Klein and Friedman say that employment cases have grown in volume and complexity, because top plaintiffs lawyers have jumped into the field in the wake of a slowdown in securities class actions. “The plaintiffs’ securities litigation bar has . . . pursued this litigation with a vengeance,” Friedman says.
All of this porntalk is making us feel dirty. So let’s turn our attention to more wholesome subjects.
Like the squeaky-clean Kevin Newsom, a devoted husband and father, and one of the country’s best appellate advocates. Newsom — who clerked for our former boss, Judge Diarmuid O’Scannlain (9th Cir.), and Justice David H. Souter — currently serves as the Solicitor General of Alabama. The American Lawyer recently picked Newsom as one of the country’s top young litigators:
Kevin Newsom is only 34 and now practices far from the appellate hotbed of Washington, D.C., where he once worked as a Covington & Burling associate. Although he’s lost the three cases he’s argued so far before the U.S. Supreme Court, the former clerk for Justice David Souter nevertheless draws raves from leading appellate advocates. “He’s really, really good,” says Carter Phillips of Sidley Austin; another Supreme Court regular says that Newsom writes briefs with a novelist’s sense of language. His fellow Supreme Court clerks voted him the lawyer they’d hire if they needed an advocate. As Alabama’s SG, Newsom has argued nine cases in the U.S. Court of Appeals for the Eleventh Circuit. He’s won seven—and the other two are pending.
Well, we’ve just learned that Newsom is moving on from the SG’s office. From a tipster:
Alabama SG Kevin Newsom will be joining the Birmingham law firm of Bradley Arant Rose & White. BARW now has three former SC clerks working in their appellate litigation section and appears to have cornered the market on this kind of work in the southeast.
Overall, this has been a good legal year for the state. UA law just jumped to 36 in the US News rankings, and earlier this year we hosted Richard Epstein and Justice Alito (Cass Sunstein, Justice Breyer, & Justice Thomas visited last year). Emory may be seen as the most undervalued law school, but we will have more grads on the COA this upcoming year (4).
We have confirmed this news with Newsom, so it’s more than just rumor. Check out his gracious statement to ATL, after the jump.
Some notable moves within the legal profession: Government to Private Sector:
* Former Maryland Lieutenant Governor Michael Steele, to LeBoeuf Lamb in DC. Last November, Steele lost his bid to represent Maryland in the U.S. Senate.
* Michele Hirshman, who served as Eliot Spitzer’s top deputy at the Attorney General’s office before he became Governor, is joining Paul Weiss, as a litigation partner. Described by the New York Times as “very smart, very tough and rather short,” she sounds perfectly diva-licious. Lateral Moves:
* Antitrust superstar Charles “Rick” Rule, to Cadwalader, from Fried Frank. This truly IS like musical chairs: Cadwalader, Rule’s new home, recently lost its antitrust group to Skadden.
* Celebrated criminal defense lawyer Abbe Lowell — who did an excellent job defending Hamlet against murder charges — is moving from Chadbourne & Parke to McDermott Will & Emery.
* Mark Holscher and Jeffrey Sinek are joining the Los Angeles office of Kirkland & Ellis. They’re coming from O’Melveny & Myers and Thelen Reid, respectively. From the Law Blog:
Holscher and Sinek are best friends. They were roommates when they served as federal prosecutors in Los Angeles. Holscher, 44, served as an assistant U.S. Attorney from 1989-1995; Sinek, 46, served from 1989 to 1994. Sinek was the best man at Holscher’s wedding; Holscher was a groomsman in Sinek’s. Both graduated from Boalt Hall law school. Holscher told the Law Blog they’ve always wanted to work together.
Just as Weil, Gotshal & Manges welcomes back legendary bankruptcy partner Harvey Miller, the firm is saying goodbye to four other restructuring stars who are leaving to join a rival firm.
Cadwalader, Wickersham & Taft is set to announce today that it has recruited George A. Davis, Deryck A. Palmer, John J. Rapisardi and Andrew M. Troop as partners in New York. The move, involving four of Weil Gotshal’s most prominent bankruptcy partners apart from Miller and practice co-heads Martin Bienenstock and Marcia Goldstein, points to a major realignment among elite bankruptcy practices.
In our post from last week, we had all of the names except for Troop.
Our tipster chalked up the move to the departing partners’ desire “to swim in Bob Link’s shark tank and make the big $$$.” The NYLJ piece seems to confirm that:
[Deryck Palmer] praised Cadwalader’s famously performance-driven culture, where top partners are rewarded handsomely and weaker ones are winnowed out.
“Cadwalader provides an environment where every lawyer can achieve their potential,” said Palmer.
Here are some recent, noteworthy moves within the D.C. legal community: Inside the Administration:
* Conservative legal superstar Jennifer Brosnahan has left the White House Counsel’s office, where she was one of the more senior associate counsels, to become the new deputy general counsel at the Department of Transportation. From government to private practice:
* As previously reported by Ken Vogel of The Politico, Michael Toner has left the Federal Election Commission, to build an election law practice at Bryan Cave (which, by the way, recently raised associate salaries). Within the Fourth Estate:
* One of the most knowledgeable legal scribes around, Benjamin Wittes, is leaving the Washington Post, after some nine years at the venerable paper.
(Wittes, the author of Confirmation Wars (previously praised here), is currently on book leave from the Post. He’s working on another book about the federal courts.) FEC Revolving Door Swings Faster [The Politico]
This morning brings some big news in the world of bankruptcy law. From the WSJ Law Blog:
You can go home again, especially if you’re Harvey Miller (at right). The legendary bankruptcy lawyer is expected to rejoin to Weil Gotshal, whose partners are scheduled to vote on his return tomorrow.
“I would be delighted to have Harvey back, but it’s premature at this stage to comment on his rejoining the firm until the partnership votes on the issue,” says Stephen Dannhauser, firm chair.
Before decamping to investment bank Greenhill & Co. in 2002, Miller had spent the previous 33 years at Weil, building its bankruptcy department into one of the most prominent debtor-side practices in the country.
And from a little bird (so consider this to be nothing more than rumor at this point):
It appears four bankruptcy partners are leaving Weil and moving to Cadwalader (apparently to swim in Bob Link’s shark tank and make the big $$$). Partners include Deryck Palmer, John Rapisardi, and George A. Davis.
Could the return of Harvey Miller to Weil be related to the (rumored) departures of these younger partners?
We are following up on this rumor and will let you know what we find out.
UPDATE: Harvey Miller’s return to Weil is official. The WGM press release is available here. A longer version of the release, which was circulated by email at Weil, appears after the jump.
Former Sullivan & Cromwell associates take many different career paths. Some join smaller firms or go in-house; some file lawsuits against S&C; and some join government service.
Last week we wrote about the high-powered William A. Burck (OT 1999/Kennedy), who has had his ticket punched by some of the legal world’s top employers: Sullivan & Cromwell, the U.S. Attorney’s Office for the Southern District, and the White House Counsel’s office. We announced that Burck was leaving the White House for the U.S. Department of Justice, but we didn’t have information on his new post at the DOJ.
We now have that information, courtesy of some Justice Department tipsters. Burck will be serving as Counselor to the Assistant Attorney General, Alice Fisher. From an internal memo that was circulated on Friday by Fisher:
Bill will be responsible for overseeing and advancing the legislative agenda of the Criminal Division, supervising the Office of Policy and Legislation, and representing the Division before the United States Sentencing Commission and the Advisory Committee on the Federal Rules of Criminal Procedure of the U.S. Courts.
In our prior post about this move, we noted the incestuous nature of conservative legal circles. One of our tipsters had this to add:
Re: incestuousness, note that Dabney Friedrich (nee Langhorne) — a former colleague of Bill Burck at the White House [whose nomination to the federal bench was discussed in the same post] — is married to Matt Friedrich, Alice Fisher’s former Chief of Staff/Principal Deputy Assistant Attorney General in Crim (and now a member of AG Gonzales’s staff).
Whew! Did you get all that?
In light of how well Republicans groom their young lawyers (figuratively and literally), we share this commenter’s interest in learning about high-powered young LIBERAL lawyers. We realize that it’s tougher when your party doesn’t control the executive branch, which is home to so many plum executive appointments (and doles out plum judicial ones). But still, we’re curious. We welcome your comments and emails.
It’s not terribly exciting; but if you’d like to see it, Alice Fisher’s memo announcing the arrival of Bill Burck appears after the jump.
Here’s some (belated) news about notable moves at the Department of Justice and the White House: New Arrivals at the DOJ:
We enjoy breathlessly reporting on the meteoric career trajectories of attractive women. And attractive men, too.
Over at Main Justice, two handsome gents have come onboard:
* The fresh-faced Thomas Dupree, Jr., formerly a partner in the Washington office of Gibson Dunn & Crutcher, has joined the Justice Department as a Deputy Assistant Attorney General in the Civil Division.
For those of you outside the Beltway, being a DAAG is a big deal. Dupree, who is one of Washingtonian magazine’s 40 top lawyers under 40, will oversee a staff of over 200.
* William Burck (above right, accepting bedsheets from anti-Cindy Sheehan protesters in Crawford, TX) — a former Kozinski clerk and member of the Elect (OT 1999 / Kennedy), who should have been nominated as a White House hottie — is leaving 1600 Pennsylvania Avenue. Burck, who served as Deputy Assistant to the President and Deputy Staff Secretary, is heading over to the DOJ’s Criminal Division. We don’t know the title of his new post; if you do, please drop us a line.
This marks a return for Burck to the DOJ, since he previously served as an assistant United States attorney in the magical Southern District of New York. Being at the Criminal Division means that he’ll get to work with the fantabulous Alice Fisher — one of the few DOJ divas who could hold her own against Shanetta Cutlar.
* Elizabeth Petrela Papez (at right), a blonde beauty and Kirkland & Ellis partner, is heading over to the Office of Legal Counsel (aka the Finishing School for the Elect). She will be serving as Counsel to the Assistant Attorney General. DOJ Internal Promotion:
* Papez is filling a spot that was vacated due to a promotion. DOJ wunderkind Steven Engel — like Bill Burck, a Yale Law School grad / Kozinski clerk / Kennedy clerk (OT 2001) — has been promoted to Deputy Assistant Attorney General at the OLC. Steve Engel is married to another member of the Elect: Susan Engel (OT 2001/Scalia), yet another partner at K&E.
Conservative legal circles are so incestuous, aren’t they? White House Internal Promotion:
Actually, make that REALLY incestuous:
* Bill Burck’s shoes in the White House are being filled by Brent McIntosh (previously described in these pages as “strappingly handsome”). McIntosh is, like Burck, another Yale Law grad and former Sullivan & Cromwell associate.
McIntosh is being promoted from within. He previously served in the White House Counsel’s office. He is a former law clerk to two conservative legal heavyweights: Judges Dennis Jacobs (2d Cir.) and Laurence Silberman (D.C. Cir.). White House Departure:
* Dabney Friedrich, who served as associate counsel to the President, will be nominated to the U.S. District Court for the District of Columbia, according to the Legal Times.
(Dabney Friedrich was previously featured in a photo caption contest at Underneath Their Robes. Alas, due to her lack of familiarity with the movie American Pie, the “band camp” reference had to be explained to her by others.) Bush to Nominate Former White House Associate Counsel to D.C. Court [Legal Times]
As part of a nationwide tour, Above the Law is coming to the great city of Chicago.
Join preeminent law firm management consultant Bruce MacEwen, Katten Muchin Chicago managing partner Gil Sofer, and JPMorgan Chase & Co. assistant general counsel Jason Shaffer for a panel discussion (sponsored by Pangea3) on the evolutionary and market forces bearing down on the law firm business model. Come on by Thursday, November 20, at 6 p.m., for thought-provoking discussion, food, drink, and networking.
Space is limited and there will be no on-site registration, so please RSVP
Average law school debt for graduates of private universities hovered around $122,000 last year. With only 57% of new attorneys actually obtaining real lawyer jobs, recent graduates have a lot to consider when it comes to managing their student loan payments. Thanks to our friends at SoFi, today’s infographic takes a look at student loan debt, including the possible benefits of refinancing for JDs…
Kinney Recruiting’sEvan Jowers is currently in Hong Kong for client meetings and still has a few slots available through October 22. Evan will also be in Hong Kong November 14 to December 15. Further, Robert Kinney has been in Frankfurt and Munich this week and is available for meetings with our Germany based readers.
One of our key law firm clients has referred us to one of their important clients in the US, Europe and China – a leading global technology supplier for the auto industry – in order to handle their search for a new Asia General Counsel and Asia Chief Compliance Officer.
Kinney is exclusively handling this in-house search.
This position will have a lot of responsibility and include supervision of eight attorneys underneath them in the Asia in-house team. The new hire will report directly to the global general counsel and global chief compliance officer, who is based in the US. The new hire’s ability to make judgement calls is going to be as important as their technical skill set background.
The position is based in Shanghai and will deal with the company’s operations all over Asia and also in India, including frequent acquisitions in the region.
It is expected that the new hire will come from a top US firm’s Shanghai, Beijing or Hong Kong offices, currently in a top flight corporate practice at the senior associate, counsel or partner level. Of course, the candidate can be currently in a relevant in-house role.