Cravath Hires Tax Partner, Its First Lateral in Decades

Cravath, Swaine & Moore has elected its first lateral partner in more than six decades. Andrew W. Needham, a tax partner at Willkie Farr & Gallagher, is expected to join the firm in April. Robert D. Joffe, the presiding partner at Cravath, called the hiring a "nearly unique event" that "represents a rare exception to" the firm's normal practice. Although the hiring of lateral partners has become routine, many elite New York firms prefer to select partners from within their own ranks only.

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