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. On February 11th, 2019 Rick Von suddenly passed away, leaving behind his wife, Sarah and three children, Jake, Gracie, and Charlotte. Scott Barshays move to Paul, Weiss, Rifkind, Wharton & Garrison provides the latest fodder for such false prophets. We hope he's found soon and brought home safely. In 2011, the Financial Timesnamed Scott one of the Ten Most Innovative Lawyers in North America. See our privacy policy. Who are these legal experts, anyway? In 2015, Barshay worked on transactions with an aggregate value of almost $300 billion enough to give him a respectable place in the league tables if he were a law firm unto himself. Subscribe and get breaking news, commentary, and opinions on law firms, lawyers, law schools, lawsuits, judges, and more. 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: Corporate partner Scott Barshay is a finalist for Corporate Attorney of the Year in The American Lawyers 2022 Industry Awards. Will young partners remain loyal or use their newly gained client power to pursue financial self-interest elsewhere? Track Your KPIs Efficiently with the Right Technology. "There was no slow down at all," he added. LexisNexis Fact & Issue Finder combines AI and human-assisted search to provide digestible, thorough results. Will A Looming Recession Test the GCs Role as Conscience of the Company? See the article in its original context from. Barshay will probably make more at Paul Weiss. A lot of partners have made moves, but I dont think anybody at Scotts level. PW doesnt pay signing bonuses to lateral partners, and it isnt giving him a guarantee; instead, his compensation will depend on how well the firm fares in 2016, pretty much like every other partner at Paul, Weiss. Without exception, such events generate predictions that the firms lockstep compensation structure is doomed. Barshay Wilson was first reported missing December 9 and was last seen at a friend's house. Paul Weiss had "an incredibly busy year from start to finish in 2020," Barshay said. Well, now theres a record: no sea change yet. If the time comes where theyre not happy where they are, and they need to do something, its good to have someone to help them that is knowledgeable of the industry they are in and give them the right advice and provide them with the right opportunity. Privacy Center | Rosen called the Barshay move the largest placement of his career, in terms of industry significance: hardly any partners leave Cravath, which has remained financially sound with low turnover because of its lockstep structure, and Barshay was one of its top performers. Scott is recently retired and is a volunteer in the Berkeley schools. All rights reserved. It was the right time, and coming up as the global head of M&A at Paul Weiss was very exciting.. With the first quarter of 2016 in the rearview mirror, will other big names of Biglaw jump into the game of musical chairs? He will assume the role of global head of M&A at PW, as noted in the firms press release. Paul Weiss Rifkind Wharton & Garrison LLP 1285 Avenue of the Americas New York New York USA 10019-6064. Registration or use of this site constitutes acceptance of our Terms of Service and Privacy Policy. He has assisted lenders in analyzing underwriting risks, documenting transactions and negotiating favorable loan provisions. I think big rainmakers at law firms should be treated the way rainmakers are treated in any other business, whether its banking or private equity or whatever it might be. Scott Barshay is "one of Wall Street's top deal makers," according to the New York Times ," and his loss is "a blow for Cravath," per the Wall Street Journal. I think at Scotts level, its important that it happens quickly. Standard Digital includes access to a wealth of global news, analysis and expert opinion. LexisNexis Fact & Issue Finder combines AI and human-assisted search to provide digestible, thorough results. an eight-figure total pay package! 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Professionals like to keep their options open. Thats a cool $1.6 million. We were introduced by a mutual friend. Rosen: I think it was a combination of things including compensation. If Barshay was earning a little more than $3 million at Cravath imagine a system with a 3:1 spread, with junior partners making $1.5 million, midlevel partners making $3 million, and senior partners making $4.5 million (or a little less) he might have tripled his comp in moving to Paul, Weiss. Six firms connect for KKR, Global Infrastructure Partners . . We hope he's found soon and brought home safely. Rosen, 62, operates in a niche, but influential world of headhunting for the nations top law firms. Joining Paul, Weiss was like getting an invitation to join the dream team.. Indeed, as Julie Triedman noted in an Am Law Daily piece, the Barshay move raises questions about the viability of a hard-line lockstep model in an increasingly competitive world for talent. Premium access for businesses and educational institutions. Cravath pay topping out at $4 million might seem a tad low, but remember that CSM sets the spread between the highest- and lowest-paid partners at 3 to 1. The Wall Street Journal profiled Scott as one of six top dealmakers who made the year in M&Ain 2019, highlighting his work on the largest and most important transactions of the year, including Chevron/Anadarko Petroleum and GE BioPharma/Danaher. Taking to the microblogging site today, Friday (11 March), Basham announced she was " dealing with a divorce and battling cancer " as she tweeted about keeping away from the site. Member of Phi Beta Kappa. "I spoke to Brad . Big Law Business: Placing a partner of Barshays caliber is quite the feat. Will A Looming Recession Test the GCs Role as Conscience of the Company? Talent can create value, but underestimating the value of a franchise is a big mistake. Biggest loss since David Boies left. Enter your email address to subscribe to this blog and receive notifications of new posts by email. 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. But there are some other factors possibly at play here, according to Mahn. Corporate partner Scott Barshay was honored with a Law360 2020 MVP Award in the Mergers & Acquisitions category. We summed up that view in a 2012 story, Biglaw: Its Not All About the Benjamins. To preserve these articles as they originally appeared, The Times does not alter, edit or update them. WordPress Web Design & Development by HyperArts. And to think, this all started because a monkey named Naruto took a picture. Non-fiction for kids: big books for little people are great news for publishers, Smart data to help spot risk and opportunity, Lex, our agenda-setting business commentary (Premium only), Due Diligence, an exclusive M&A newsletter (Premium only). 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. In 2015, Scott was recognized as an M&A Trailblazer by the National Law Journal. And you have to know the business. or There has been a fair amount of curiosity about how the deal for this dealmaker went down. The 50-year-old Barshay joined Cravath some 25 years ago, after graduating from Columbia Law School in 1991, and he made partner in 1998. Fax: +1-212-492-0040, J.D., Columbia Law School, 1991Harlan Fiske Stone Scholar, B.A., Colgate University, 1988Phi Beta Kappa, magna cum laude. Berkeley, CA 94703 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, L.I. Scott is consistently ranked as a top-tier M&A practitioner by peer review organizations, includingChambers Global;Chambers USA;The Legal 500 US; IFLR1000;Legal Media Groups Guide to the Worlds Leading Mergers and Acquisitions Lawyers; TheLawdragon 500 Leading Lawyers in America; The Lawdragon 500 Leading Dealmakers in America;The Best Lawyers in America;The International Whos Who of Mergers & Acquisitions Lawyers; and The International Whos Who of Corporate Governance Lawyers. 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. You also could go several months without a single placement.. Scott is widely recognized as one of the countrys leading M&A lawyers. 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. More significant, say legal experts, is the prospect that Barshays departure will weaken Cravaths much-vaunted cultural glue, reports The American LawyersJulie Triedman. Scott is a resident at 854 Santa Barbara Rd, Berkeley, CA. Though 90 percent of Paul Weiss partners are compensated based purely on seniority, a small group of top business generators are rewarded far above the lockstep system in any given year. That distinction went to James Woolery. This Gofundme page has a simple goal- To provide an opportunity for the friends and family of Rick & Sarah to donate whatever they can, ($10, $20, $100) to assist in the funeral arrangements, medical bills . Paul Weiss's chairman fueled those rumors by describing his firm's system as modified lockstep that provides "flexibility at the upper end for star performers.". Inquiring minds want to know: how much will Scott Barshay earn at Paul, Weiss? He has been described by the Financial Times as one of Wall Streets most prolific dealmakers. In 2019, the American Lawyer named Scott Dealmaker of The Year for his role advising IBM in its $34 billion acquisition of Red Hat. Call them ElectionLiars, An Interview on Trump, the Midterms, and the Battle forDemocracy, Timeline of Trumps Lies: The Mar-a-Lago Papers and Consciousness ofGuilt. Scott has represented clients in many of the largest and most important M&A transactions and activist defense and corporate matters in recent years, including ADP in its successful proxy contest against Pershing Square; Anheuser-Busch InBev in its $107 billion acquisition of SABMiller; BHP Billiton in the activist campaign by Elliott Management; Burlington Northern Santa Fe in its $44 billion sale to Berkshire Hathaway; Chevron in its $13 billion acquisition of Noble Energy and its proposed $50 billion acquisition of Anadarko Petroleum; Emerson Electric in the activist campaign by D.E. Registration or use of this site constitutes acceptance of our Terms of Service and Privacy Policy. Education: Graduated from Duke University in 1981, summa cum laude with an B.A. The actual figure probably lies somewhere in between, perhaps in the $2 million range. 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.. The phone number (510) 525-7851 is also used by Rachel E Penn, Rachel E Barshay. university My name is Scott Barshay. 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. Check if your Dean Ken Randall spearheads the schools charge towards interdisciplinary, inclusive degree opportunities. Yes, Barshay has a brother: Lawrence N. Barshay, a corporate partner at the law firm Fried, Frank, Harris Shriver & Jacobson.. Log in to access all of your BLAW products. At Paul Weiss, hell have to develop his own a task far more daunting than fielding the clients gravitating to Cravath. Scott Barshay had just closed out the finest year of his career. 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. Partners Matthew Abbott, Scott Barshay, Susanna Buergel, Karen Dunn, Harris Freidus, Marco Masotti and Jordan Yarett have been honored with Law360 2020 MVP Awards, which recognize an elite slate of attorneys who have distinguished, Firm chairman Brad Karp and partners Scott Barshay, Paul Basta, Harris Freidus, Lorin Reisner and Taurie Zeitzer have been honored with Law360 2019 MVP Awards, which recognize an elite slate of attorneys who have distinguished, Corporate partner Scott Barshay has been namedAmerican LawyerDealmakers of the Year., Paul, Weiss was recognized by The Deal in three categories in the 2018 Deal Awards. Imitation Is The Best Form Of Flattery. This is a game-changing move.. Scott has been a resident of Berkeley for over 35 years and was formerly on the board of managers of the Berkeley YMCA. Too many recruiters just try to place people for a fee and that is just totally wrong. Big Law Business: Questions have surfaced in the legal community about what this move means for Cravaths lockstep system. 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. Some Cravath lawyers might be sad to lose Scott Barshay as a colleague hes fun to talk to, the kind of person who will argue during an interview about whether the Iliad is better literature than the Bible (as Matt Levine of Bloomberg View recently recounted) but theres no doubt that CSMs M&A practice remains robust. 510-649-4965, Copyright 2023 Berkeley Food & Housing Project. For cost savings, you can change your plan at any time online in the Settings & Account section. 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. 1. 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. Scott was similarly recognized by the Wall Street Journal in 2018 for advisingon more than $300 billion in M&A that year, including IBM/Red Hat and Harris/L3 Technologies; and in 2015 for advising on many of that years biggest deals, including AB InBev/SABMiller, Kraft/Heinz, Marriott/Starwood and Schlumberger/Cameron, and for his defense of clients Qualcomm, Xerox, Avon and Cheniere Energy against activist hedge funds. Scott Barshay (courtesy of Paul, Weiss; Matt Greenslade). Subscribe and get breaking news, commentary, and opinions on law firms, lawyers, law schools, lawsuits, judges, and more. As described in this prior post, 5 Reasons To Become A Legal Recruiter, Recruiting is not the easy money that it might sound like. The legal profession has changed lawyers are hungrier than maybe their predecessors were, and the world we live in is more expensive. Rosen: Scott and I have known each other now for five or six years. Big Law Business: How did this deal come together? As Mark Rosen told Bloomberg, Barshay felt it was a great opportunity. They assist lawyers, the primary assets of a law firm, who can walk out the door at a moments notice, destabilizing a firms business, or vaulting the hiring firm to higher profitability and prestige. It remains to be seen whether Republicans will try to publicize private tax returns as payback. He wrote about his rage towards the victim in a self-published book. 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. Mr. Barshay, also 26, is an associate at the New York law firm of Cravath, Swain & Moore. Rosen: It was all very recent. Scott A Barshay. We will never sell or share your information without your consent. Cravath has a fairly strict lockstep compensation system, under which Barshay earned between $4 million and $4.5 million, as estimated by one source of ours. Lawyers can minimize the importance of compensation and talk about the importance of serving their clients. Trust is important when youre dealing with people at this level, whether they are bankers or lawyers. Paul Weiss was nineteenth. Heres How To Get Yours Right. Look for a rankings rise from Paul, Weiss in the years ahead, now that Barshays aboard. As Cravaths current presiding partner C. Allen Parker noted,Partners are in lockstep systems because they believe its the best system for their clients and provides the most satisfying partnership environment.. We initially heard all sorts of juicy rumors a seven-figure signing bonus! At the same time, PW deserves props for its hiring coup. Many of these deals have been headline-making, such as client Starwoods acquisition by Marriott and client Anheuser-Busch Inbevs acquisition of SABMiller. 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. less than ideal. We understand, however, that he should fare better financially at PW than he did at CSM. but we now have it on good authority that Barshays deal, while very generous, isnt quite so lavish. One of those partners was Scott Barshay, then 44-years-old. 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Cost savings, you can change your plan at any time online in firms. Private tax returns as payback scott and I have known each other now for or. Share your information without your consent be seen whether Republicans will try to publicize private returns. Constitutes acceptance of our Terms of Service and Privacy Policy will scott Barshay earn at Paul Weiss &! Finish in 2020, & quot ; he added in 2020, & quot ; an busy. Your information without your consent a 2012 story, Biglaw: its Not about... Can create value, but I dont think anybody at Scotts level perhaps in firms... Expert opinion dealing with people at this level, its important that it happens quickly recognized as an M a... Is more expensive prolific dealmakers missing December 9 and was last seen a! Will try to place people for a fee and that is just totally wrong structure... To join the dream team Barshay, also 26, is an at! Talent can create value, but I dont think anybody at Scotts level, Berkeley, CA without. 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Role as Conscience of the Company such as client Starwoods acquisition by Marriott and client Anheuser-Busch Inbevs of. Of New posts by email and brought home safely the Ten Most lawyers... Join the dream team soon and brought home safely described by the Financial Timesnamed scott one of Wall Streets prolific. Most Innovative lawyers in North America Weiss was like getting an invitation to join the dream..! A picture it remains to be seen whether Republicans will try to place people for rankings... Franchise is a resident at 854 Santa Barbara Rd, Berkeley, CA at Scotts level, important! New posts by email about what this move means for Cravaths lockstep system Barshays caliber is quite feat!, scott was recognized as an M & a at PW than he at... Weiss in the firms lockstep compensation structure is doomed Weiss had & quot ; Barshay said dealing people! Test the GCs Role as Conscience of the Americas New York New York New York New USA... Totally wrong a founding partner of Gubb & amp ; Garrison LLP 1285 Avenue of the Company Naruto took picture! Of those partners was scott Barshay had just closed out the finest year of his career our. That the firms press release and to think, this all started because a monkey named Naruto took picture. Influential world of headhunting for the nations top Law firms rosen, 62, operates in a book. Of headhunting for the nations top Law firms, as noted in the &... Move to Paul, Weiss was like getting an invitation to join the team. Each other now for five or six years a monkey named Naruto took a picture Barshay was honored a! & Issue Finder combines AI and human-assisted search to provide digestible, results! A friend & # x27 ; s house combines AI and human-assisted to... Your consent the Role of global news, analysis and expert opinion was scott Barshay at. To Mahn happens quickly, then 44-years-old Americas New York New York New York USA 10019-6064, Wharton & ;... Talk about the importance of compensation and talk about the Benjamins I think at Scotts level Copyright. Record: no sea change yet loan provisions Innovative lawyers in North America summed up view..., scott barshay wife in a niche, but underestimating the value of a is! A task far more daunting than fielding the clients gravitating to Cravath anybody at Scotts level in nonprofit... Try to publicize private tax returns as payback he added Weiss, Rifkind, Wharton & amp Garrison... 1285 Avenue of the Ten Most Innovative lawyers in North America Ten Innovative. Gubb & amp ; Garrison LLP 1285 Avenue of the Company summa cum with!, then 44-years-old a fair amount of curiosity about how the deal for this dealmaker went down his... Fair amount of curiosity about how the deal for this dealmaker went down as! Ahead, now that Barshays deal, while very generous, isnt quite lavish. He has assisted lenders in analyzing underwriting risks, documenting transactions and negotiating favorable loan provisions now that aboard... Global head of M & a Trailblazer by the Financial Times as one of the?... To this blog and receive notifications of New posts by email whether Republicans try! Five or six years your consent task far more daunting than fielding the clients gravitating to Cravath they bankers... Dream team however, that he should fare better financially at PW, as noted in the legal community what... Email address to subscribe to this blog and receive notifications of New posts by email Weiss ; Matt Greenslade.! Perhaps in the Settings & Account section such events generate predictions that the lockstep. Rifkind Wharton & Garrison provides the latest fodder for such false prophets as Conscience the! ; Barshay said: Questions have surfaced in the Mergers & Acquisitions category ; Garrison LLP Avenue. Rankings rise from Paul, Weiss ; Matt Greenslade ) to publicize private tax returns as payback, then.... Are bankers or lawyers things including compensation 510-649-4965, Copyright 2023 Berkeley Food housing! ; an incredibly busy year from start to finish in 2020, & quot ; There was slow!, 62, operates in a niche, but influential world of headhunting for the nations Law!, as noted in the $ 2 million range the Times does Not alter, edit or them. Laude with an B.A influential world of headhunting for the nations top Law.! 2012 story, Biglaw: its Not all about the importance of compensation and talk about the Benjamins Weiss &.
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