Goodell to Hess

Tim Goodell

White & Case M&A partner Tim Goodell (Davidson BA ‘79, UVA JD ‘84) will be joining long-time client Hess Corp. as general counsel, effective January 5. Goodell held a number of administrative and leadership roles at the firm, including as a member of the management committee and co-head of the M&A group.

Fortunately, he doesn’t have to worry about one interesting conflict: the Hess family used to own the NY Jets (Tim repped Leon Hess’s estate in the sale in 2000) and Tim’s brother Roger is now commissioner of the NFL.

This could be one of the rare cases where the move in-house results in a pay raise. White & Case had pretty good profits per partner of $1,670,000 in 2007, but J. Barclay Collins, who is presumably retiring from his post as GC of Hess, brought in $5,089,255 (total comp, including cash, bonus, stock, options, etc.). That being said, rumor has it that Goodell was paid at the high end of White & Case’s scale, and Collins does have almost 24 years’ service with Hess, so it might be pretty close to a wash.

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