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Jenner & Block Elects Managing Partner: Business of Law

Terrence J. Truax, co-chairman of Jenner & Block LLP’s patent litigation and counseling practice, was elected managing partner of the law firm.

He will succeed Susan C. Levy, who is leaving the 450-attorney firm at the end of April to assume her new position as executive vice president and general counsel at Northern Trust Corp.

“Terry is the right person to take on the role of managing partner at Jenner & Block,” Chairman Anton R. Valukas said. “He has strong leadership skills and management experience and has the confidence of our clients and partners.”

Truax, who has spent 26 years at the firm, served on the management committee starting in January 2007 and has been on its policy committee since 2009.


Debevoise, Kirkland, Schulte Advise on TIAA-CREF Deal

Debevoise & Plimpton LLP is representing TIAA-CREF, which agreed to buy Nuveen Investments from Madison Dearborn Partners LLC for $6.25 billion.

Kirkland & Ellis LLP represented Madison Dearborn. Schulte Roth & Zabel LLP represented Gresham Investment Management LLC, a subsidiary of Nuveen Investments.

The Debevoise team is led by partner William D. Regner and includes partners Kenneth J. Berman, Lawrence K. Cagney and Peter F.G. Schuur.

The Kirkland team included corporate partners Richard Porter, Neal Reenan, Steve Toth and Michael Snow and investment management partner Scott Moehrke.

Schulte Roth’s team was led by partners Christopher S. Harrison, mergers and acquisitions, and Joseph P. Vitale, bank regulatory.

For more, click here.


Former CFTC Commissioner Chilton to Join DLA Piper Law Firm

Former U.S. Commodity Futures Trading Commission Commissioner Bart Chilton will join DLA Piper LLP today as senior policy adviser in Washington, the law firm said.

“Bart will bring unmatched experience and insight as one of the commissioners who oversaw the enactment and implementation of Dodd-Frank,” Jay Smith, chairman of DLA Piper’s U.S. corporate and finance practice, said in a statement. “With many of the key derivatives requirements now coming to fruition, Bart will be an invaluable resource for clients who will be subject to increased regulation over the next few years.”

Chilton, who spent 30 years working in the government, left the CFTC last month after almost seven years of pushing for limits on oil and natural gas speculation, as well as curbs on algorithmic and high-frequency trading.

Chilton was the most vocal CFTC supporter for limits on the size of a position a trader could have in commodities. He also frequently called for curbs on high-frequency trading, dubbing the firms “cheetahs” for their speed in markets.

Christie’s Lawyers Release Memos From Interviews on Bridge Probe

Lawyers for New Jersey Governor Chris Christie released 75 memos yesterday summarizing witness interviews from their internal review of deliberate traffic jams last year at the George Washington Bridge.

The material, from the law firm of Gibson, Dunn & Crutcher LLP, also was provided to the U.S. Attorney’s Office in Newark and the state legislature’s Select Committee on Investigation. Each is reviewing the tie-ups in Fort Lee, in the approach lanes to the bridge to Manhattan, from Sept. 9 to 12.

Christie’s office hired Gibson Dunn to examine the matter. Its report, issued March 26, concluded that Christie, a 51-year-old Republican and potential 2016 presidential candidate, had no advance knowledge of a plan to cause delays. It placed the blame on Bridget Anne Kelly, a onetime Christie deputy chief of staff, and David Wildstein, a former director of interstate capital projects for the Port Authority of New York and New Jersey, which operates the bridge. Kelly had e-mailed Wildstein to suggest “traffic problems in Fort Lee,” to which Wildstein replied: “Got it.”

Fort Lee Mayor Mark Sokolich, a Democrat, has said he believed the jams may have been related to his refusal to endorse Christie for a second term in the November election.

For more, click here.

Partner Moves

Hedge Fund Duo Leonard and Mavrides Join Proskauer

Proskauer Rose LLP said Robert Leonard and Michael Mavrides joined the firm’s hedge fund group in the New York office from Bingham McCutchen LLP.

Leonard has 25 years of experience representing, structuring and organizing hedge funds, funds of funds, and other private investment funds and fund managers, the firm said in a statement. Mavrides represents hedge funds, funds of funds and other private investment funds.

“Robert and Michael will expand the scope of our robust private investment funds practice and broaden the services we offer” Proskauer Chairman Joseph M. Leccese said in a statement.

Latham & Watkins Adds IP Litigator Callahan in Chicago

Latham & Watkins LLP said David Callahan joined the firm’s Chicago office in the litigation department. He was previously at Kirkland & Ellis LLP.

Callahan’s practice focuses on complex litigation in the areas of patent, trademark, trade secret, false advertising and unfair competition.

“Dave has tremendous experience representing companies in high-profile trials with an impressive track record of success,” Sean Berkowitz, global chairman of the firm’s litigation department, said in a statement.

Reed Smith Financial Industry Group Adds Chicago Partner

Reed Smith LLP added James Hnilo in Chicago in the financial industry group. He was previously a Chicago-based general counsel for UBS Global Asset Management’s alternative and quantitative investments hedge fund group.

“Few attorneys have been the general counsel of a hedge fund and a fund of funds business simultaneously,” Perry Napolitano, global co-chairman of Reed Smith’s financial industry group, said in a statement.

Hnilo joined UBS in 1997. He was named chief compliance officer for the hedge fund business in 2000 and became the general counsel of UBS’s hedge fund and separate fund of funds business in 2003.

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