Paul Weiss Rifkind Wharton & Garrison has raided rival US heavyweight Cadwalader Wickersham & Taft for a four-partner antitrust team.
Leading the team is partner Charles Rule who headed up Cadwalader’s antitrust group. Rule also chaired the firm’s litigation department, sat on the firm’s management committee, and was managing partner of its Washington office. He will join Paul Weiss as co-chair of its antitrust group.
Rule advises major corporations in high-profile mergers, acquisitions and joint ventures. He also represents clients in high stakes civil and criminal litigation.
It is unknown who will replace Rule as Cadwalader’s antitrust head.
Joining Rule at Paul Weiss are partners Jonathan Kanter, Joseph Bial and Andrew Forman. The team will focus on providing antitrust advice in connection with major M&A as well as handling antitrust litigation including cartel defences.
Paul Weiss chairman Brad Karp said: “With today’s heightened regulatory scrutiny of M&A transactions, intense regulatory focus on antitrust enforcement and increased private antitrust litigation, a top-flight merger clearance team and world-class antitrust litigators are indispensable assets.”
In February Paul Weiss revealed that its global revenue had rose 7.1 per cent during 2015, from $1.04bn to $1.1bn. The firm’s average profit per equity partner (PEP) also jumped from $3.8m to $4.1m, breaking the $4bn barrier for the first time.
Cadwalader’s global revenue fell by 3.7 per cent during the same period from $481.5m to $463.5m. While global revenue fell the firm’s London turnover rose by 6 per cent according to City managing partner Gregory Petrick.
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