Cravath appoints Parker as new presiding partner

New York firm Cravath Swaine & Moore has announced a number of leadership changes effective January 2013 as presiding partner Evan Chesler is elected to the role of chairman.

Chesler will be replaced by deputy presiding partner Allen Parker, who will become the fifteenth partner to fill the lead role when Chesler’s term finishes at year-end.

Both Parker and Chesler have climbed the firm’s leadership ranks since joining in 1984 and 1974 respectively. Chesler, who headed Cravath’s litigation department from 1996 to 2005, has represented a number of high-profile clients including American Express, JPMorgan Chase and IBM, who he has represented since becoming a summer associate in 1974. “This kind of enduring relationship is increasingly rare,” the litigation partner told The Lawyer earlier this month (18 June 2012).

Parker, who became a partner at the firm in 1990, became deputy presiding partner in January 2007. His new role effectively sees him head the firm while Chesler will continue trying cases and leading many of the firm’s most important client relationships.

Cravath is one of the US’s most profitable and elite law firms. It is known for rarely making lateral hires and being geographically limited to a primary office in New York with a small outpost in London.