Howard Lutnick bequeaths Spac-fuelled empire

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Financial Times 20h ago

Howard Lutnick bequeaths Spac-fuelled empire - Financial Times

Quick Summary:

Nonetheless, the sales are bound to attract scrutiny: whenever a big name on Wall Street joins the administration, there are whispers that they’re cashing out without paying Uncle Sam his dues.

One scoop to start: Graham Robinson, a top biotech and technology lawyer, is set to depart Skadden Arps for Kirkland & Ellis, according to people familiar with the matter, as the jockeying for talent among Big Law firms continues to heat up despite a slowdown in dealmaking.

It hopes to free up staff to focus on more productive tasks.“Think about how we, in our consumer lives, consume so much more video content now than we did five years ago,” UBS’s Scott Solomon told the FT’s Simon Foy.