Cleary Gottlieb Steen & Hamilton has confirmed that it was one of the six firms the Treasury Department considered as candidates for a role as lead adviser on the $700bn (£400bn) bailout plan. Only two of those six firms pursued the work that eventually went to Simpson Thacher & Bartlett. Four of the six law firms have confirmed that the Treasury reached out to them: Simpson, Cleary, Davis Polk & Wardwell, and Wachtell Lipton Rosen & Katz. The two others, including the firm the Treasury turned down, remain unidentified. Two of the most likely candidates - Sullivan & Cromwell and Latham & Watkins - would not comment on the matter. A third, Shearman & Sterling, has not responded to messages.
October 15, 2008 at 07:00 AM
1 minute read
The original version of this story was published on Legalweek
Cleary Gottlieb Steen & Hamilton has confirmed that it was one of the six firms the Treasury Department considered as candidates for a role as lead adviser on the $700bn (£400bn) bailout plan.
Only two of those six firms pursued the work that eventually went to Simpson Thacher & Bartlett.
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