The US Treasury Department has chosen Simpson Thacher & Bartlett as its lead legal adviser on the $700bn (£405bn) bailout plan from among a group of six law firms that were asked to consider taking the job, reports The Am Law Daily. The interim assistant secretary for financial stability, Neel Kashkari, announced the selection of the elite US firm in a speech on Monday. The department contacted the six firms on Thursday to advise on the equity program's structuring. Only two of the firms responded. By Friday, Simpson Thacher had been chosen, Kashkari said. The firm began work immediately.
October 13, 2008 at 01:30 PM
1 minute read
The original version of this story was published on Legalweek
The US Treasury Department has chosen Simpson Thacher & Bartlett as its lead legal adviser on the $700bn (£405bn) bailout plan from among a group of six law firms that were asked to consider taking the job, reports The Am Law Daily.
The interim assistant secretary for financial stability, Neel Kashkari, announced the selection of the elite US firm in a speech on Monday.
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