News & Events

Corporate Partners Michael Wolitzer and Jonathan Karen were quoted in a Law360 article titled, “How PE Attys Can Weather The Late Summer Slowdown.” The article addresses the traditional drop in volume of private equity activity during the summer and touches on ways that law firms can remain unaffected by a summer slowdown. The article notes Simpson Thacher’s robust work this summer, including advising on the closing for five funds totaling $35 billion in one week. Michael comments that the Firm’s ongoing priority to expand and develop the Private Funds Practice is one of the reasons the Firm has found consistent work all summer. “Even when there’s a slowdown in private equity fundraising in general, we are advising on funds focused on other asset classes,” Michael says. “It makes us less impacted by market forces.”

Touching on ways to stay efficient during down time, Jonathan also notes that the Firm’s funds attorneys frequently get together to discuss new and evolving topics. “It could be focused on specific legal developments, or it may be focused on specific practice area issues. So, for example, we could be having a debrief about some of the issues that came up on a recent fund that we worked on, to ensure that everyone in the practice is benefitting from that shared knowledge.”

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