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Sullivan & Cromwell has overhauled the management of its general practice group, the firm's largest department, which includes its core areas of corporate finance, M&A, real estate and financial institutions.
The Sullivan board has appointed two new co-heads to the group. Private equity specialist Richard Pollack and securities lawyer David Harms will replace Fred Rich and Andy Soussloff, who both return to full-time fee-earning after completing a five-year term.
The new appointments were made at the end of what firm chair Rodgin Cohen called "a good and satisfying" year. He said Sullivan had won roles on some of the largest or most complex deals in each of its jurisdictions.
Cohen added that the firm had no immediate plans for further international expansion. The option of opening in Spain, Italy or the Netherlands was, he added, "not even on the back-burner".
Sullivan's international strategy "continues to be based on handling the top-quality matters without the need for a huge physical presence, which would require a merger or a team acquisition," Cohen said. "That's antithetical to the Sullivan approach."
However, Cohen conceded that a Sullivan office in Shanghai was "certainly a possibility" if market trends appeared to demand it.
Pollack joined Sullivan in 1988 and has been a partner since 1997. A fluent French speaker, he was a senior associate in the firm's Paris office from 1991-1993 and continues to split his time between New York and Paris.
Harms is a capital markets specialist whose clients include Goldman Sachs, UBS and Computer Associates.