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Fenwick & West Expands Antitrust Practice With Skadden Hire

Aug. 10, 2021, 4:01 PM

Fenwick & West is expanding its antitrust practice with the addition of Skadden Arps Slate Meagher & Flom’s Steve Albertson in Washington.

Albertson, who was counsel in Skadden’s antitrust and competition practice, joins Fenwick as a partner in its antitrust and trade regulation practice.

Big Law firms have been busy building up their antitrust and competition practices as the Biden administration, through the Justice Department and the Federal Trade Commission, and others look to stem monopolization and price fixing which could make it tougher for corporate mergers.

Albertson works with technology and life sciences clients in mergers and acquisitions reviewed by the DOJ’s Antitrust Division and the FTC and has counseled clients on a range of antitrust compliance and merger enforcement issues. His most recent experience includes working under Section 7 of the Clayton Act and in conduct investigations brought under Section 5 of the Federal Trade Commission Act.

He also advises clients on all aspects of Hart-Scott-Rodino (HSR) Act issues and assists with reporting and notification requirements. Albertson has extensive involvement steering large M&A transactions through merger reviews, like Anheuser-Busch InBev’s acquisitions of Grupo Modelo for $20.1 billion and Karbach Brewing, Exelon’s $7.9 billion acquisition of Constellation Energy and $6.8 billion acquisition of Pepco Holdings.

He most recently was a part of the Skadden team that represented CarMax, Inc. in its acquisition of online car research site Edmunds.

“Our technology and life sciences clients are growing rapidly and driving incredible demand for our mergers and acquisition services,” said Fenwick chair Richard Dickson in a statement. “Steve is a key addition as we guide clients through more complex and regulated technology transactions,” he said.

Fenwick’s M&A activity has grown significantly in recent years. Its M&A lawyers will be teaming up with Albertson to assist clients with their antitrust counseling and compliance needs, said Fenwick corporate practice chair Alan Smith in a statement.

“The firm’s platform presents great opportunities to grow my practice, and I’m looking forward to helping our clients succeed in an increasingly regulatory-focused environment,” Albertson said in a statement.

Albertson is the latest hire for the California-founded firm. Earlier this year, the firm added Michael Pilo from Ropes & Gray, Per Chilstrom from Clifford Chance, and Aman Singh from Weil Gotshal & Manges to its capital markets and public companies team in New York. It also added life sciences partner Key Shin from Morgan Lewis & Bockius in San Francisco.

To contact the reporter on this story: Meghan Tribe in New York at mtribe@bloomberglaw.com

To contact the editors responsible for this story: Rebekah Mintzer at rmintzer@bloomberglaw.com; Chris Opfer at copfer@bloomberglaw.com