Scott Barshay is one of Wall Streets top deal makers, according to the New York Times, and his loss is a blow for Cravath, per the Wall Street Journal. As a subscriber, you have 10 gift articles to give each month. We represent a wide variety of non-profit and for-profit developers in California and the West. Scott Barshay was a founding partner of Gubb & Barshay LLP, a law firm specializing in representing nonprofit affordable housing developers. It was the right time, and coming up as the global head of M&A at Paul Weiss was very exciting.. Astronaut Scott Kelly Delivers Out-Of-This . I think at Scotts level, its important that it happens quickly. For a full comparison of Standard and Premium Digital, click here. By Angelo Bonvino, Scott A. Barshay, Matthew W. Abbott, Jeffrey D. Marell and Ariel J. Deckelbaum October 28, 2016. He previously served as head of CSMs corporate practice (which is why his name has graced bonus memos in years past). The firm he owns, Mark Bruce International , employs five full-time recruiters including Rosen, as well as four telemarketers who call into lawyers to try to set up meetings for law firm clients. Tel: +1-212-373-3040Fax: +1-212-492-0040emailsbarshay@paulweiss.com, 1285 Avenue of the Americas
The Cravath partners are devastated. 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. At various times in a forty-five minute interview, Manhattan-based recruiter Mark Rosen hung up the phone to take another call This is important, I have to take this. and put me on hold as he brushed off others Im on the phone with a reporter, I cant talk now!. This is a game-changing move.. Barshay offered the standard great opportunity rhetoric that always accompanies such moves. . Who are these legal experts, anyway? Sung Pak has joined as a partner in the Finance Group and head of the Special Situations Practice. Mrs. Barshay, 26 years old, is an associate in the law firm of Zalkin, Rodin & Goodman in New York. The actual figure probably lies somewhere in between, perhaps in the $2 million range. See our privacy policy. This is a digitized version of an article from The Timess print archive, before the start of online publication in 1996. We initially heard all sorts of juicy rumors a seven-figure signing bonus! Paul, Weiss is advising a special committee of Duck Creek Technologies board of directors in connection with Duck Creeks sale to leading global investment firm Vista Equity Partners in an all-cash, take-private transaction valued at . Will A Looming Recession Test the GCs Role as Conscience of the Company? Sometimes Scott goes by various nicknames including Scott Allen Barshay, Scott A Barshay and Scott A Borshay. You may change or cancel your subscription or trial at any time online. In 2007, the New York Times included Scott in its list of most important dealmakers in recent years, highlighting his work on behalf of Chevron in its successful $18 billion takeover battle for Unocal. Hes now a go-to corporate dealmaker. My Interview on The Lawyers Who Enabled Trumps Assault on Democracy, The Lawyers Who Enabled Trumps Assault onDemocracy, My Interview on a Wild Week: The January 6 Bombshell and the End of Roe v.Wade, Alitos Bad History Meets the Vendetta of ClarenceThomas, Trump and His Allies Are A Clear and Present Danger to American Democracy, Russias Victory Day and the Trump-Putin Alliance AgainstUkraine, November 2022: The Anti-DemocracyCoalition, For Democrats, the silver lining in the Biden documents controversy is that Biden is less likely to seek re-electio, McCarthy as strategist: Paul Weiss discusses M&A at a Glance for September 2016. WEDDINGS; Melissa A. Epstein, Scott A. Barshay, https://www.nytimes.com/1992/11/22/style/weddings-melissa-a-epstein-scott-a-barshay.html. It remains to be seen whether Republicans will try to publicize private tax returns as payback. university Probably the same consultants and headhunters who benefit most from two pervasive and dubious big law firm strategies: growth for the sake of growth and aggressive lateral partner hiring. Biglaw, Brad Karp, Brad S. Karp, Corporate, Corporate law, Cravath, Cravath Swaine & Moore, Faiza J. Saeed, Faiza Saeed, Lateral Moves, lateral partners, M&A, Matt Levine, 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 I. Townsend III, Robert Kindler, Robert Schumer, Robert Townsend III, Scott A. Barshay, Scott Barshay, Sharon Mahn, Transactional practice. Headhunters offer predictable analyses. She graduated from Colgate University and received a law degree from Yeshiva University. You can still enjoy your subscription until the end of your current billing period. Corporate partner Scott Barshay and Paul, Weiss were recognized by theFinancial Timesin an annual feature recognizing this years most innovative North American law firms and lawyers. Sponsor deals drove the declinein U.S. total deal value,falling 52% by deal value and a more modest 3% by deal. Her father, an architect, is a partner in Geddes Brecher Qualls Cunningham in Philadelphia. Registration or use of this site constitutes acceptance of our Terms of Service and Privacy Policy. This was such an amazing opportunity for me and for our clients that I couldnt say no, Mr. Barshay told The New York Times. You should be thinking about the candidate and the law firm and the fit. 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. Notable representations have included: Scott is a trusted advisor to many of the largest public companies and their boards of directors defending against hedge fund activism. Dean Ken Randall spearheads the schools charge towards interdisciplinary, inclusive degree opportunities. (Hes 50, the firm has a mandatory retirement of 65, and the average Cravath partner makes partner before 35 the firm has a famously short partnership track that it has kept short, even as other firms have made the quest for partnership take a decade or more.). 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. The reports that Barshays move could affect Cravaths compensation structure assume that he left for more money. He chairs the firm's corporate practice. Learn How. M&A activity generally continued to decline last month, though there were some bright spots. Rosen: Scott and I have known each other now for five or six years. WordPress Web Design & Development by HyperArts. Big Law Business: Theres a lot of buzz about Scotts compensation at Paul Weiss. Gubb & Barshay LLP, established in 1993 by Natalie Gubb (1948-2016) and Scott Barshay, is widely-known as one of the top law firms specializing in the field of affordable housing. During your trial you will have complete digital access to FT.com with everything in both of our Standard Digital and Premium Digital packages. We create innovative financing structures for our clients that then serve as models for other projects. At Paul Weiss, hell have to develop his own a task far more daunting than fielding the clients gravitating to Cravath. For more than three decades as a recruiter, his success has often hinged on knowing which calls don't matter, and which callsreallymatter like the one he placed to Brad Karp, the chair of Paul, Weiss, Rifkind Wharton & Garrison in mid-February that led to the hiring of Cravath, Swaine & Moore M&A partner Scott Barshay. There has been a fair amount of curiosity about how the deal for this dealmaker went down. 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,. Thomson Reuters Practical Law The Journal: Transactions & Business, The State Of Todays Corporate Law Departments, MyCase Continues To Simplify Law Firm Accounting, Right Where You Manage Your Practice, Meet LINK: The Easy Way To Handle All Your Document Workflows On Your Mobile Device In A Single App, Four Tips For Solo Attorneys To Build Their Marketing And Media Relations Skills, First Impressions Are Worth Millions For Summers. Mr. Barshay, also 26, is an associate at the New York law firm of Cravath, Swain & Moore. In their late-30s and early-40s, they had "taken a more pro-active approach, building new relationships and handling much of the work that historically would have been taken on by partners in their 50s." The acclaimed corporate lawyer had advised on roughly $300 billion worth of transactions in 2015, most notably Anheuser-Busch. 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. Most people are not 100 percent happy. We get together several times a year and have lunch. 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. For more than three decades as a recruiter, his success has often hinged on knowing which calls don't matter, and which callsreallymatter like the one he placed to Brad Karp, the chair of Paul, Weiss, Rifkind Wharton & Garrison in mid-February that led to the hiring of Cravath, Swaine & Moore M&A partner Scott Barshay. Fax: +1-212-492-0040, J.D., Columbia Law School, 1991Harlan Fiske Stone Scholar, B.A., Colgate University, 1988Phi Beta Kappa, magna cum laude. 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. Whats your stance on that? Recent workplace changes like remote work or quiet quitting highlight the value of business Scott Barshay has a solid track record acting in high-stakes M&A and takeover defence matters on behalf of some of the world's most prominent corporations. Scott Barshay was a founding partner of Gubb & Barshay LLP, a law firm specializing in representing nonprofit affordable housing developers. degree in Economics.
We summed up that view in a 2012 story, Biglaw: Its Not All About the Benjamins. Joining Paul, Weiss was like getting an invitation to join the dream team.. Standard Digital includes access to a wealth of global news, analysis and expert opinion. (Top compensation levels at Cravath, by contrast, reached a bit over $4 million last year, according to two sources knowledgeable about the firm.). Below is an edited transcript of our discussion. Most will stick around and the firm properly ignores the rest. UPDATE (4/5/2016, 9:35 a.m.): Over at Am Law Daily, Julie Triedman has an interesting piece, Rainmakers Defection Could Test Cravath Lockstep Model, with more info about partner pay at CSM and PW: Paul Weiss chair Brad Karp declined to say how much the firm agreed to pay Barshay. 2023 Breaking Media, Inc. All rights reserved. In May 2007, a reporter for The American Lawyerasked Cravaths then-presiding partner Evan R. Chesler whether partners would stick around if the firm made less money. Thats a cool $1.6 million. 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.. Experts - Construction - Quantum, Delay & Technical 2022, Experts - Digital & Data Data and E-Discovery Experts 2022, Experts - Digital & Data - Digital Forensic Experts 2022, Experts - Economics - Competition Economists 2022, Experts - Financial Advisory and Valuation - Corporate Tax Experts 2022, Experts - Financial Advisory and Valuation - Quantum of Damages 2022, Thought Leaders - Commercial Litigation 2022, Paul Weiss Rifkind Wharton & Garrison LLP, Thought Leaders - Corporate Governance 2022, Thought Leaders - USA - Corporate Governance 2023. , Jeffrey D. Marell and Ariel J. Deckelbaum October 28, 2016 juicy rumors a seven-figure signing bonus in. Also 26, is an associate in the Finance Group and head of the Special practice... 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