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Stephen Glover reluctantly calls himself an IPO lawyer. While the fact is that initial public offerings have taken up a significant portion of his practice at Gibson, Dunn & Crutcher, he knows full well that a D.C.-based corporate lawyer has to be a generalist. “It’s risky to say you only do one transaction,” says Glover. “If you said you only do IPOs, you would have found yourself with not a lot of work in the last five years.” But 2005 was a big year for Glover. As a partner in Gibson, Dunn’s corporate transactions practice group, Glover handled the $696 million IPO of Neustar, a Sterling, Va.-based provider of clearinghouse services to telecommunications and Internet companies. The Neustar IPO is thought to be both the biggest in the technology world and the largest in the D.C. business community last year. The deal was especially significant for Glover, 51, because he remembers talking to company executives about the dream of going public when he started advising Neustar, about five years ago. “A lot of work went into creating a fairly compelling filing,” says Denis Curran, assistant general counsel at Neustar and Glover’s former Gibson, Dunn colleague. “Steve was instrumental in guiding that process and bringing those ideas into a fruitful final product.” Glover also points to his work on the IPO for Yurie Systems Inc. of Lanham, Md., as a highlight of his career. The Yurie IPO raised $48 million in 1996, and Yurie’s stock was noted as one of the best performers of that year. Though the IPO is generally considered a fairly straightforward transaction, Glover says he has found ways to aid his clients with creativity and skill. Critical areas include how the company is described in IPO filings to the Securities and Exchange Commission and how the company plans for life as a publicly traded firm. “There’s a framework there and there’s not much you can do to change that,” Glover acknowledges. But, he adds, “There is room for good writing and thinking about how to describe the strategy of the company.” As proof of his other areas of expertise, Glover notes that he also handles mergers and acquisitions. Last year, for example, he represented United Defense Industries Inc., a military equipment and weapons maker, in its sale to BAE Systems, a security, aerospace, and information systems company. Glover, who had represented United Defense for several years before the $4 billion sale, negotiated with three bidders interested in the Arlington, Va., company. A 1980 graduate of Harvard Law School, he came to Washington to clerk for Chief Judge J. Skelly Wright of the U.S. Court of Appeals for the D.C. Circuit and for Justice Thurgood Marshall of the U.S. Supreme Court. Then he worked for three other firms — Onek, Klein & Farr; Williams & Connolly; and Fried, Frank, Harris, Shriver & Jacobson — before joining Gibson, Dunn in 2000. After more than 25 years in the business, Glover says he’s still driven by the potential impact that a corporate lawyer can make. “Seeing clients like Neustar have a good outcome — you live, to some extent, for that gratification,” he says. “You know that your expertise has helped them get where they are, to some degree.”

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