After building up a reputation as an up-and-coming corporate and capital markets lawyer at Dechert, where he was a partner for 12 years, Washington, D.C.-based William Tuttle landed at Proskauer Rose this week.
Trading one out-of-town firm for another, Tuttle will be a partner in Proskauer’s D.C. office. The New York-based firm has more than a dozen partners and about 30 lawyers in Washington. Philadelphia-based Dechert has more than 100 lawyers in the capital, including more than 40 partners.
Tuttle said he made the decision to strategically consider a handful of firms but ultimately settled on Proskauer because of its focus on asset management. He focuses on capital markets and corporate matters, representing issuers, investment banks and companies in strategic M&A and his practice. He also advises business development companies, and asset managers on change-of-control transactions, management spin-outs, and joint-venture arrangements.
Tuttle declined to comment on any clients that would join him at Proskauer or on his compensation considerations in the move.
Two of his new D.C. partners at Proskauer are also new additions to the firm. Samuel Waldon, former Securities and Exchange Commission counsel, joined the firm in April. Waldon’s SEC colleague, Karen Garnett, followed in June. Garnett, former associate director of the SEC’s corporation finance division, also works as a corporate partner.
With Monday being his first day, Tuttle said he did not know about Proskauer’s potential growth plans, but he said he had a great team back at Dechert and added that he would “certainly be interested” in associates joining him at his new firm.
Proskauer has achieved new financial heights—topping $890 million in gross annual revenues last year—while facing scrutiny following the filing of a $50 million gender-discrimination lawsuit from Connie Bertram, the leader of the firm’s labor and employment practice in D.C. Those bias claims, which the firm has denied, do not appear to have affected the attraction of the firm for Garnett or Tuttle, who was ranked “among the Best LGBT Lawyers Under 40” in 2017 by the National LGBT Bar Association, an affiliate of the American Bar Association, according to Proskauer.
“Will’s asset management-focused corporate practice will complement and enhance ours, and we are excited to have him join our team as we continue to expand our first-class, one-stop shop for private credit market participants,” said Pippa Bond, co-head of Proskauer’s global capital markets group in a statement.