White & Case partner set to join Morgan Stanley By Margaret Taylor 14 March 2012 17:05 17 December 2015 13:31 Sign in or register to continue reading. It's FREE Sign in Email Password Keep me logged in Forgot your password? Not registered? It's FREE! Register now Register with The Lawyer Anonymous 14 March 2012 at 17:30 Is it common for people from a legal background to go into a business role? Reply Link Anonymous 14 March 2012 at 18:27 Pretty unusual – good on Mr Glengarry! Reply Link Anonymous 14 March 2012 at 19:24 Not another departure. He was only made partner in 2009. This is worrying. What is going on? Reply Link Marcin 15 March 2012 at 07:27 Re Anonymous: – We all hope it is. Legal profession is so boring. Reply Link Vercingetorix 15 March 2012 at 10:17 These moves are rarely successful. Matthew French’s moves to UBS and Nomura for example; he’s now back at Jones Day. The odds are on Glengarry being back in legal practice within 2 years. Reply Link Anonymous 15 March 2012 at 10:28 “What is going on”? Are you serious? He’s just landed one of the leading jobs in the European finance market – that’s what’s going on. It doesn’t speak to anything else. Reply Link A Chowdhury 15 March 2012 at 11:54 I really don’t understand as to why big law partners are seduced by investment banks ? Several white shoe firm partners had made such kind of decision in the past !! Reply Link Hermann 15 March 2012 at 12:39 Costa Concordia, White & Case…. Reply Link The Word 15 March 2012 at 15:58 I think in this case, it’s quite product specific. Unlike the new money areas which are as much about fanciful financial projections and flesh pressing as they are hard judgements and clever negotiation, navigating a financial restructuring successfully comes down very starkly to seeing the relative leverage of each stakeholder at any given moment, which is itself rooted in the complex network of legal relationships that exist in a corporate distress situation. International banking and insolvency, corporate and securities law amongst other areas all comes into sharp focus on a big workout as it’s these issues that drive the strategy, more so than in any other product area. Those on the business side that are alive to these specifics will, along with the lead counsel on the restructuring, have the commercial agenda. I think the longevity angle to these roles is a red herring. In Mark’s case, he is a first class lawyer with world class experience and a deep appreciation of the commercial context of restructuring. Investment banking is also young person’s game. He probably takes the view that a few years spent at a prestigious global financial institution will do wonders for his career progression – much more so than staying on the evidently very greasy W&C pole as a junior partner! If people want to make comparisons, they should note that Dan Maze turned down partnership at W&C to go to a senior business role at (coincidently!) Morgan Stanley, following which he stepped into a heavyweight position at Latham. I don’t think anyone that really understands the market can sensibly suggest that this sort of role is a failure because the person moves back into private practice after a few years. Job for life is not what investment banking is all about. Reply Link Anonymous 15 March 2012 at 17:12 ohhhhhh………listen to Bamber Gascoigne @ 3:58pm. Fancy! Reply Link Anonymous 16 March 2012 at 10:04 It’s always amusing to see how quickly some fomer W&C partners trot out their cynical views (comment at 7.24pm on 14th, anyone?). On Mark’s departure, he is a superstar who, aged 36 and only 3 years after becoming a partner, has been offered the job of a lifetime, one which no law firm could ever hope to match. We’re very sorry to see him go and will miss him, but wish him all the best for what will be a stellar career. On W&C London, the reality is that it’s now the calmest, most stable, most friendly (ok, generally) and most profitable it’s ever been. Something some exes still find hard to deal with. And no Tim, I’m not Oliver (or Mark), or anyone writing on their behalf. Get over it, and move on. We have. Reply Link Anonymous 19 March 2012 at 22:08 We will miss him very much but are very proud of him for making such a big splash at such a tender age. Big green eyed trolls need not bother commenting. His many friends wish him every success in this new role. Reply Link Name Email Cancel reply Threaded commenting powered by interconnect/it code.