Many balls in the air
At 7:30am on 12 September, Cleary Gottlieb Steen & Hamilton managing partner Mark Walker got a call from Barclays Bank. The bank - a sometime client of the firm - was pursuing the purchase of Lehman Brothers, and wanted Cleary on the deal.At that point, Walker was already up to the eyeballs in the Lehman meltdown, so he was conflicted out. Also, he says, the Barclays deal was not exactly in his area of expertise. Still, Walker wanted Cleary to get the work, and he had to act fast in order to find lawyers to do the work - conflict-free lawyers.
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