Longtime S&C senior chair Rodgin Cohen is representing First Republic, while Davis Polk is working with the 11 largest banks making investments in First Republic.
March 17, 2023 at 02:56 PM
3 minute read
The original version of this story was published on The American Lawyer
A team of lawyers, including at Davis Polk & Wardwell and Sullivan & Cromwell, have been working behind the scenes to guide banking clients amid several financial institution crises in the last week.
For its part, Sullivan & Cromwell is representing Silicon Valley Bank in its bankruptcy proceedings and is also working with First Republic in its negotiations to get $30 billion in deposits from at least 11 different banks.
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Security guards let individuals enter the Silicon Valley Bank’s headquarters in Santa Clara, Calif., on Monday, March 13, 2023. Dozens of individuals waited in line outside the bank to withdraw funds. Photo: Benjamin Fanjoy/AP
