(Michael A. Scarcella/ALM)
Richard Nugent, a longtime tax partner at Cadwalader, Wickersham & Taft, has left to join Jones Day in New York as a partner.
Nugent, who joined Cadwalader’s partnership in 2009, advises on tax implications of public and private mergers, acquisitions, and spin-offs. A member of the executive committee of the New York State Bar Association tax section, he has also advised debtors, creditors and potential acquirers of financially troubled companies in and outside bankruptcy.
His exit comes amid a series of partner departures and reorganization at Cadwalader in the last year, including the closure of the firm’s Asia and Houston offices. The firm suffered a modest decline in both head count and revenue last year, though revenue per lawyer held steady and profits per partner increased nearly 3 percent.
So far this year Cadwalader energy and commodities partners Paul Pantano Jr. and Athena Eastwood joined Willkie Farr & Gallagher in Washington, D.C.; Dechert hired a four-lawyer team from Cadwalader’s Brussels office; and Allen & Overy added Cadwalader litigation partners Gregory Mocek and Anthony Mansfield in Washington.
Jones Day, with 44 offices globally, boasts on its website that it has nearly 250 lawyers in New York.