The firms statement, issued to Bloomberg BNA and the WSJ, wished Barshay the best in his future endeavors.. Corporate partner Scott Barshay was honored with a Law360 2020 MVP Award in the Mergers & Acquisitions category. Barshay Wilson was first reported missing December 9 and was last seen at a friend's house. I spoke to Brad and said Scott is willing to sit down and meet with you, recalled Rosen, who said the Feb. 26 call led to a meeting in Manhattan. To preserve these articles as they originally appeared, The Times does not alter, edit or update them. 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Its probably fair to describe Barshay as the most notable Cravath defection since Boies left CSM in 1997 partly because its so rare for partners to leave CSMs hallowed halls, especially for a rival firm. We create innovative financing structures for our clients that then serve as models for other projects. If a group moves, it could be a sliding scale of 25 percent for the first partner, 20 percent for the second partner, and so on.. He also has been involved in structuring numerous syndications and advising clients . Scott Barshay was a founding partner of Gubb & Barshay LLP, a law firm specializing in representing nonprofit affordable housing developers. Following the new But according to Bloomberg BNA, the official overture that ultimately resulted in Barshays hiring came through a longtime legal recruiter, Mark Rosen of Mark Bruce International. The 50-year-old Barshay joined. Professionals Scott A. Barshay Partner Tel: +1-212-373-3040 Fax: +1-212-492-0040 sbarshay@paulweiss.com New York 1285 Avenue of the Americas New York, NY 10019-6064 + vCard Practices Corporate Corporate Governance Mergers & Acquisitions Education Bar Admissions Scott A. Barshay is Chair of the Paul, Weiss Corporate Department. Whats the bid for this rarest of Bugattis? His father is a senior vice president at American Home Products Corporation, a pharmaceutical manufacturer in New York. As noted by Michael de la Merced over at DealBook, [t]he firm has lost top stars over the years, but usually those partners made career changes (such as Robert Kindler, arguably the biggest M&A name to leave Cravath before Barshay; back in 2000, Kindler went into investment banking, where hes still killing it as global head of M&A at Morgan Stanley). Scott A. Barshay Paul, Weiss, Rifkind, Wharton & Garrison LLP announced today that Scott A. Barshay is joining the firm as Global Head of Mergers & Acquisitions, where he will focus on advising clients on mergers and acquisitions, activist defense, corporate governance and other significant corporate matters. We use According to the New York Times, Barshay got to know PW chair Brad Karp and corporate department head Robert Schumer when he worked with Paul, Weiss defending Xerox against activist investor Carl Icahn. It was the right time and coming up as the global head of M&A at Paul Weiss was very exciting. Rosen: I think in todays world, I dont agree with (lockstep). We will never sell or share your information without your consent. This generally makes sense given what weve heard. Big Law Business: How did this deal come together? 10019-6064 The largest story in the law firm world this week is top M&A lawyer Scott Barshay's surprise defection from Cravath to Paul, Weiss. When Scott Barshay, a top M&A partner at Cravath, Swaine & Moore, announced he would join Paul, Weiss, Rifkind, Wharton & Garrison, the important question that nobody seemed to be asking was: How did his brother feel about it?. But there are some other factors possibly at play here, according to Mahn. For cost savings, you can change your plan at any time online in the Settings & Account section. Without exception, such events generate predictions that the firms lockstep compensation structure is doomed. This is a digitized version of an article from The Timess print archive, before the start of online publication in 1996. WordPress Web Design & Development by HyperArts. I wonder if Chip Roy knows he quoted Martin Luther King, Jr. degree in Economics. Privacy Center | +1 212 373 3040 Contact via email View in-depth analytics. I was working with them before then, but I started working on an annual retainer. The Cravath partners are devastated. We represented nonprofit housing clients all over California trying to develop property mostly through the use of low-income housing tax credits or other federal and state programs. Check if your U.S. total deal value and deal count were up 11% and 15% over September levels, respectively. Barshay offered the standard great opportunity rhetoric that always accompanies such moves. Registration or use of this site constitutes acceptance of our Terms of Service and Privacy Policy. Melissa Ann Epstein, a daughter of Mr. and Mrs. Neville Epstein of Princeton, N.J., was married last evening to Scott Allen Barshay, a son of Mr. and Mrs. Stanley F. Barshay of Old Westbury,. After a rocky start to 2020 that eventually gave way to a record-breaking 2021, M&A activity slowed to more historical norms in 2022. Click on the banner to find out more. Imitation Is The Best Form Of Flattery. Premium access for businesses and educational institutions. From The Wall Street Journal:The moveraises questions about the ability of law firms that tie partner compensation to seniority to retain top talent during an M&A boom., FromThe American Lawyer:The move casts new doubts on the viability of Cravaths pure lock-step model of compensation, an outlier in a market where rivals have a freer hand to invest in top talent., As Yogi Berra said, Its deja vu all over again., Six years ago, I wrote about three young partners featured prominently in The Wall Street Journal. [1] Estimating Barshays 2015 Cravath compensation at $4 million to $4.5 million seems reasonable. Equally significant, I suspect those most directly affected by what the article characterizes as a sea change at one of the best-known and most conservative of white-shoe law firms dont know, either.. Meet the Headhunter Who Placed Scott Barshay at Paul Weiss [Big Law Business / Bloomberg BNA]A Cravath Partner Moves to Paul, Weiss [DealBook / New York Times], Earlier: A Deeper Dive Into Scott Barshays Move From Cravath To Paul Weiss5 Reasons To Become A Legal Recruiter, Biglaw, Brad Karp, Brad S. Karp, Casey Sullivan, Corporate, Corporate law, Cravath, Cravath Swaine & Moore, Headhunters / Recruiters, Lateral Moves, lateral partners, Legal Recruiter, Legal Recruiters, Legal Recruiting, M&A, Mark Bruce International, Mark Rosen, Mergers and Acquisitions, Michael de la Merced, Money, Musical Chairs, Partner Issues, Partner Profits, Paul Weiss, Paul Weiss Rifkind Wharton & Garrison, Profits Per Partner, Robert B. Schumer, Robert Schumer, Scott A. Barshay, Scott Barshay, Sharon Mahn, Transactional practice. But 2015 should be a better year for Cravath than 2014 the firm worked on more than $900 billion worth of deals last year, second only to Skadden and Barshay is of above-average seniority in the Cravath partnership. Below is an edited transcript of our discussion. While being a member of State Bar of California; American Bar Association (Member, Tax Section), Scott R. Barshay is one of the more than one million lawyers . Privacy Center | Rabbi David Lincoln performed the ceremony at the Park Avenue Synagogue in New York. Dean Ken Randall spearheads the schools charge towards interdisciplinary, inclusive degree opportunities. Heres How To Get Yours Right. U.S. total deal value was up a modest 1%, while deal count fell 26%. Scott Barshay, CPBA Scott Barshay, CPBA Sr. Director, Global Program Management at Pontoon Solutions Published Oct 30, 2020 + Follow Like most of you, I grew up watching The Wizard of Oz. See our privacy policy. Will A Looming Recession Test the GCs Role as Conscience of the Company? In January 2011, he went to JP Morgan Chase as a senior dealmaker. Who are these legal experts, anyway? If so, its beyond cynical. Occasionally the digitization process introduces transcription errors or other problems; we are continuing to work to improve these archived versions. Things have a way of getting out, no matter how hard people try to keep things confidential. That might be a lot better than billing thousands of hours over the course of a year to break the million-dollar mark as a typical partner. Big Law Business: Partners switch firms all the time, but certainly not at this level. 2023 Breaking Media, Inc. All rights reserved. He wrote about his rage towards the victim in a self-published book. Under two months. The actual figure probably lies somewhere in between, perhaps in the $2 million range. Yes, Barshay has a brother: Lawrence N. Barshay, a corporate partner at the law firm Fried, Frank, Harris Shriver & Jacobson.. Can you speak to the significance of this move? You have to work hard every day to foster relationships and keep up with hundreds of people all the time. from Harvard University Law School in 1985, cum laude. What advice would you give to other recruiters? This web site contains attorney advertising. Kristina Basham, soon to be ex-wife of Scott Adams, shares on Twitter that she's been diagnosed with breast cancer, along with the. 510-649-4965, Copyright 2023 Berkeley Food & Housing Project. In fairness to Paul, Weiss and to Scott Barshay, however, (1) PW is a fairly lockstep firm, with 90 percent of partners getting paid based on seniority, and (2) Barshay made his move mainly because of excitement over the PW platform and the chance to grow its practice, as opposed to comp. If you present an opportunity to someone, it should be the right opportunity, and it should be well thought out. We summed up that view in a 2012 story, Biglaw: Its Not All About the Benjamins. Education: Graduated from Duke University in 1981, summa cum laude with an B.A. and career development training for all legal industry professionals. 1. At the same time, PW deserves props for its hiring coup. a guarantee in the high seven figures! Big Law Business: Placing a partner of Barshays caliber is quite the feat. Paul Weiss had "an incredibly busy year from start to finish in 2020," Barshay said. growth for the sake of growth and aggressive lateral partner hiring, Follow me on Twitter and post.news/stevenjharper, THE LAWYER BUBBLE: A Profession in Crisis (April 2013) will be available in paperback with a new AFTERWORD in March 2016. I have long relationships with both of them.. How Are Millennials Changing Law Firm Culture? He graduated with an Economics degree from Duke University and a law degree from Harvard. We were introduced by a mutual friend. The elite corporate law firm Cravath, Swaine & Moore, which almost never loses partners to competitors, is losing one of its most prominent: Scott Barshay, who is among the country's most active M&A lawyers, is joining Paul, Weiss, Rifkind Wharton & Garrison in an effort to vault its growing corporate practice. One of those partners was Scott Barshay, then 44-years-old. Scott's age is 62. Barshay wasnt the first young gun featured in the May 2010Wall Street Journal article to leave the firm. Paul, Weiss advised GE HealthCare in its offering of $8.25 billion senior notes in connection with its spin-off from General Electric. Scott Barshay of Paul Weiss Rifkind Wharton & Garrison LLP's corporate practice helped represent Alexion Pharmaceuticals in its $1.4 billion deal for Portola without meeting his clients or . Learn how to protect enterprise/departmental values while being mindful of budget. 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