Cleary vs STB (DC) Forum

[Anonymous User]

Interested to know more about opinions on the DC offices of these traditionally NY V10 firms. Not very interested in litigation. I know that Cleary has a big antitrust group, but I'm more interested in their FIG, securitization, sanctions, etc. work. Anyone have experience with these practices in DC and whether Cleary is a big player here? STB seems to have an unusual number of corporate/transactional associates in DC. Any opinions on what that work is like? Is it just standard NYC work being done in the swamp, or is there some actual work being originated from that office (after all, Carlyle is based in DC)? Any insights beyond Chambers regurgitation and TLS platitudes would be appreciated.

[Anonymous User]

Interested to know more about opinions on the DC offices of these traditionally NY V10 firms. Not very interested in litigation. I know that Cleary has a big antitrust group, but I'm more interested in their FIG, securitization, sanctions, etc. work. Anyone have experience with these practices in DC and whether Cleary is a big player here? STB seems to have an unusual number of corporate/transactional associates in DC. Any opinions on what that work is like? Is it just standard NYC work being done in the swamp, or is there some actual work being originated from that office (after all, Carlyle is based in DC)? Any insights beyond Chambers regurgitation and TLS platitudes would be appreciated.

Don’t have personal experience with the DC offices of either firm but Cleary DC has a far better rep than STB DC. The transactional scene in DC isn’t particularly strong; it’s a litigation town after all. I’ll let others give you more specific advice but I’ll also just mention that AFAIK Carlyle DC is largely administrative and doesn’t have much sponsor work flowing out of the office

[Anonymous User]

STB corporate in DC is now a big player in registered funds after a run of major lateral hires, and a lot of Carlyle work in private funds has migrated there recently (used to be exclusively done in NYC but some newer partners in DC also manage a lot of the Carlyle relationship). Those two practices have been the main growth areas for STB corporate in DC.

[Anonymous User]

STB corporate in DC is now a big player in registered funds after a run of major lateral hires, and a lot of Carlyle work in private funds has migrated there recently (used to be exclusively done in NYC but some newer partners in DC also manage a lot of the Carlyle relationship). Those two practices have been the main growth areas for STB corporate in DC.

Thanks for the info. Do you know anything about STB’s CFIUS practice? I know they advertise their capabilities out of DC for that on their website. It doesn’t look like any associates solely work on this, what are the other natural areas to work in if you’re doing international regulatory (I’m guessing competition)?

[Anonymous User]

STB corporate in DC is now a big player in registered funds after a run of major lateral hires, and a lot of Carlyle work in private funds has migrated there recently (used to be exclusively done in NYC but some newer partners in DC also manage a lot of the Carlyle relationship). Those two practices have been the main growth areas for STB corporate in DC.

Thanks for the info. Do you know anything about STB’s CFIUS practice? I know they advertise their capabilities out of DC for that on their website. It doesn’t look like any associates solely work on this, what are the other natural areas to work in if you’re doing international regulatory (I’m guessing competition)?

(Same poster as anon 1 above.) I'm afraid I don't know to that level of specificity. I'm at STB NY in private funds and definitely work with the CFIUS team in DC, including some associates, with some frequency, and there's also a significant practice in DC handling OFAC/FCPA work that connects to my practice on occasion, but otherwise I'm not as attuned to the regulatory work there. Every time I work with them, they're obviously supporting funds (or sometimes M&A) work, but that doesn't mean they don't have their own business--I just don't see it myself. Both practices are almost exclusively done in DC rather than NY if that helps.