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McDermott Keeps Up Lateral Momentum with MoFo Partner (Corrected)

Sept. 8, 2020, 4:01 PM; Updated: Sept. 9, 2020, 6:19 PM

McDermott Will & Emery has added Morrison & Foerster partner Tracy Bacigalupo to its transactions practice in New York in the latest pickup for the firm, which has added several dozen lateral partners so far in 2020.

Bacigalupo counsels on M&A and corporate governance matters and represents acquirers and target companies, as well as special committees, in transactions including negotiated mergers, divestitures, and other collaborations involving both strategic investors and private equity and venture capital firms.

She was a partner at DLA Piper nearly 20 years ago. In 2011, she joined Foley & Lardner before jumping to Morrison & Foerster in 2016.

“I have spent almost my entire career at Big Law firms and I have to say that I can already tell from this first week that McDermott is really doing it right,” Bacigalupo said in an interview with Bloomberg Law.

She said it was the leadership at McDermott, particularly that of its chair Ira Coleman, that drew her to join the firm, which has attracted lawyers from Kirkland & Ellis, Quinn Emanuel Urquhart & Sullivan, Hughes Hubbard & Reed, and other Big Law firms in recent months.

“I think his leadership has really catapulted the firm to the next level and I want to be a part of that,” she said.

Bacigalupo said that her M&A transactional practice as well as a corporate governance practice, primarily focused on REITs, aligns with McDermott’s core practices. She also represents Maryland REITs and investment companies and recently has helped draft Maryland legislation that will allow companies in the state to migrate to a blockchain platform.

“Tracy’s varied practice across a spectrum of services aligns with our core corporate practices in a way that will expand our New York footprint and bolster synergies across the transactions, real estate and real estate finance groups,” said Harris Siskind, global head of McDermott’s Transactions Group, in a statement.

Year of Laterals

Bacigalupo is the 40th lateral partner hire made by McDermott this year. The firm said 22.5% of those new partners are women.

The firm’s lateral hiring comes even as coronavirus and its effects on the economy have put a damper on some firms’ appetites for expansion via lateral.

In July McDermott added two sizable groups of lawyers, a five-lawyer team from Katten Muchin Rosenman to its restructuring and insolvency practice in Dallas and a seven-lawyer trade team from Hughes Hubbard that included the chair of that firm’s international trade practice and executive committee member Joanne Osendarp.

McDermott has recently tapped Quinn Emanuel for talent, picking up Jane Byrne, the co-chair of the firm’s insurance and reinsurance group, along with Guyon Knight. McDermott also hired that firm’s former national media and entertainment practice co-chair Jeffrey McFarland.

Other recent McDermott hires have included Polsinelli intellectual property duo Michael Siekman and Jenny Chen in Boston, as well as DLA Piper restructuring partner Maris Kandestin, DLA Piper tax partner Arianne Plasencia, and former co-chair of Holland & Knight’s tax controversy and tax litigation team Jenny Johnson Ware.

(Changed paragraph three to reflect that Bacigalupo did not begin her career at DLA Piper. )

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; Tom P. Taylor at ttaylor@bloomberglaw.com

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