X

Thank you for sharing!

Your article was successfully shared with the contacts you provided.
Ditching safety and security for the unpredictability of a start-up, Douglas Hammond, 38, left New York-based LeBoeuf, Lamb, Greene & MacRae to join the fledgling National Financial Partners Corp. in 1999. His gamble has paid off: first, when the company went public last year, and again this January, when he was promoted to executive vice president and general counsel of the New York-based distributor of financial services products. He replaces Robert Kleinberg, who, according to Hammond, is considering several opportunities. Hammond’s legal career began in 1991, when he joined New York-based commercial litigation firm Wilson Elser. During his three years at Wilson, he specialized in insurance work. One of his major clients was New York-based Gulf Insurance Group, with which he developed a close relationship. The company liked Hammond so much that in 1994, Gulf’s general counsel, Spiro Bantis, recruited Hammond as the company’s assistant general counsel. In 1995 Hammond transitioned out of the legal department and became the assistant vice president for financial institutions. He worked with Gulf executives on developing new products, underwriting financial institution risk, and developing risk management strategies for financial institutions. At Gulf, Hammond developed another important lawyer-client relationship � this time as the client � with the chairman of LeBoeuf’s insurance practice, Peter Demmerle, who was one of Gulf’s outside counsel. Hammond wanted to get into acquisitions. So when LeBoeuf, which represents various insurance brokers and companies, offered him a position in their insurance practice, he jumped at the opportunity. But Hammond soon developed contacts that led him back to an in-house role. At LeBoeuf, Hammond started working for New York-based Apollo Capital Management, a private equity firm that was developing the corporate structure and business model of the then fledgling start-up NFP. Impressed by the people who were signing on with the venture, he approached the company in 1999 and was hired as a staff attorney soon after. The company went public in September 2003, and the rest, to hear Hammond tell it, is start-up history. “It’s been a once-in-a-lifetime experience for me,” he says. “I’ve seen the company grow from a market cap of zero to over a billion dollars.” Sounds like a risk worth taking.

This content has been archived. It is available through our partners, LexisNexis® and Bloomberg Law.

To view this content, please continue to their sites.

Not a Lexis Advance® Subscriber?
Subscribe Now

Not a Bloomberg Law Subscriber?
Subscribe Now

Why am I seeing this?

LexisNexis® and Bloomberg Law are third party online distributors of the broad collection of current and archived versions of ALM's legal news publications. LexisNexis® and Bloomberg Law customers are able to access and use ALM's content, including content from the National Law Journal, The American Lawyer, Legaltech News, The New York Law Journal, and Corporate Counsel, as well as other sources of legal information.

For questions call 1-877-256-2472 or contact us at [email protected]

 
Reprints & Licensing
Mentioned in a Law.com story?

License our industry-leading legal content to extend your thought leadership and build your brand.

 

ALM Legal Publication Newsletters

Sign Up Today and Never Miss Another Story.

As part of your digital membership, you can sign up for an unlimited number of a wide range of complimentary newsletters. Visit your My Account page to make your selections. Get the timely legal news and critical analysis you cannot afford to miss. Tailored just for you. In your inbox. Every day.

Copyright © 2021 ALM Media Properties, LLC. All Rights Reserved.