John Squires, Gibson Dunn ()
John Squires, a former chief IP counsel at Goldman Sachs who went on to top roles at Chadbourne & Parke and Perkins Coie, decamped this week for Gibson, Dunn & Crutcher in the Big Apple.
Reached by phone Tuesday while traveling, Squires said his first official day at Gibson Dunn was Monday. At Perkins Coie, Squires served as co-chair of the firm’s IP value group and the head of its virtual currency and blockchain industry practice. He joined Perkins Coie in 2012 from Chadbourne & Parke, where he served as co-chair of that firm’s IP group.
Prior to joining Chadbourne in 2009, Squires held a number of in-house roles, including chief IP counsel at The Goldman Sachs Group Inc., and a similar title in the advanced technologies division at industrial conglomerate Honeywell International Inc. (At Chadbourne, Squires continued to protect the IP interests of Goldman Sachs in its battle with a blogger in the aftermath of the global financial crisis.)
“[Financial technology] is really what I’ve been doing for 25 years,” said Squires, noting that in the current marketplace a platform with “robust” transactional and financial institutions experience, as well as IP and technology, is crucial to serving client needs in the space.
With “exponential growth [in] all aspects of FinTech work,” Squires said he looks forward to being able to “further leverage [his new firm's] technology transactions practice,” particularly in terms of advising clients on a growing list of “issues and risks.”
With several large firms either launching or expanding their financial technology expertise in recent months, Squires said there was a robust market for his services, one in which he utilized the services of a legal recruiter who he declined to name. There were a number of “larger firms [with] strong technology transaction platforms that were looking to further grow their practices,” added Squires.
At Gibson Dunn, a firm known for its litigation work and high-profile clients, Squires will continue to focus on IP and commercial litigation, as well as transactions with cybersecurity and blockchain elements and patent-asset backed financing matters.
Squires noted that the types of deals that Gibson Dunn handles and the firm’s geographic presence, with a strong presence in New York and numerous offices abroad, were further draws. He said he looks forward to being a part of continued growth in Gibson Dunn’s technology transactions practice.
In 2015, 1,212-lawyer Gibson Dunn saw gross revenue rise nearly 5 percent to $1.54 billion, as average profits per partner increased roughly the same percentage to almost $3.2 million, according to the most recent Am Law 100 financial data. Profits per partner at Perkins Coie were mostly flat at $1.1 million last year, while gross revenue at the 938-lawyer firm rose more than 5 percent to $748.5 million.
In a statement, Perkins Coie said it wished Squires well at his new firm.