We recently wrote about a horde of major law firms joining hands to fight back against the NYS Legislature on the fascinating issue of powers of attorney and certificated securities.
That conglomeration of 51 firms was a completely different approach to the selective seven who teamed up to opine on proxy-access rules.
The magnificent seven’s latest missive, and even more spurned cowboys, after the jump.
It’s not clear whether they’re just keeping the band together or didn’t like working with such a large group, but Cravath, Davis Polk, Latham & Watkins, Simpson Thacher, Skadden, Sullivan & Cromwell, and Wachtell didn’t let any new members sign on to their SEC comment letter.
Poor Kirkland, still left out. Other firms with cause for complaint about being snubbed, despite having partners who are regular contributors to the Harvard Corporate Governance Blog, include Dewey & LeBoeuf (Richard Climan), Mayer Brown (Scott Davis), Fried Frank (Art Fleischer), Gibson Dunn (Ed Gallardo, John Olson and Ted Olson), Cleary Gottlieb (Ed Greene, Victor Lewkow, Art Kohn), and Weil Gotshal (Holly Gregory, Ira Millstein).
If you’re actually interested in the technical minutiae, the letter is here. http://blogs.law.harvard.edu/corpgov/files/2010/02/Seven-Firm-Comment-Letter.pdf