When one government regulatory door closes, another Biglaw partnership door opens.
Gurbir Grewal, who has served as Director of the Division of Enforcement for the Securities and Exchange Commission since 2021, will be leaving his government role at the end of the week and heading to Milbank. Bloomberg Law has a few additional details:
Grewal will work out of Milbank’s New York office as a partner in the litigation and arbitration practice, according to one of the people, who asked not to be identified as the plans haven’t been made public.
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As part of his work with the financial agency, Grewal led major enforcement actions against crypto exchanges, claiming that they’d listed unregistered securities. Prior to joining the SEC, Grewal served as New Jersey’s attorney general, and was the the first Sikh-American AG in U.S. history. Before becoming the Garden State’s attorney general, he served as chief of the Economic Crimes Unit at the U.S. Attorney’s Office for the District of New Jersey.
Congratulations to Gurbir Grewal on his move to private practice at Milbank, where he’ll enjoy profits per equity partner of up to $5.1 million!
Departing SEC Enforcement Chief Grewal to Join Milbank Law Firm [Bloomberg Law]
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Staci Zaretsky is a senior editor at Above the Law, where she’s worked since 2011. She’d love to hear from you, so please feel free to email her with any tips, questions, comments, or critiques. You can follow her on X/Twitter and Threads or connect with her on LinkedIn.