"The hits keep coming for Cadwalader Wickersham & Taft. Reports of a mass lateral defection from the firm's collateralized loan obligation and asset-backed lending team have now been confirmed, with Orrick taking in a 37-lawyer team from the firm - including 10 partners - in one of the most sweeping group lateral moves the Biglaw world has seen this year. This will give Orrick an immediate boost in one of its most profitable practice areas, and deal year another serious blow to Cadwalader's already shake sense of stability."
""The addition of this world-class team positions our firm uniquely to advise our private credit and banking clients as they innovate on private debt solutions. It advances multiple strategic priorities, including growing our London office and scaling our finance practice with a team of remarkable quality." For Cadwalader, this move lands at a delicate moment. The 233-year-old firm seems to have spent much of 2025 in triage mode, trying to steady itself after months of partner departures and growing internal unease."
Orrick absorbed a 37-lawyer collateralized loan obligation and asset-backed lending team from Cadwalader, including 10 partners, in a major group lateral move. The move spans lawyers in the U.S. and the U.K., expanding Orrick's finance capabilities and bolstering its private credit and banking advisory work. Orrick's chair said the addition advances strategic priorities such as growing the London office and scaling the finance practice. Cadwalader, a 233-year-old firm, has experienced months of partner departures and internal unease and recently implemented a co-managing partner leadership change to steady the firm.
Read at Above the Law
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