Foley Hoag Hires Ropes & Gray Partner as Debt Finance Leader
Thomas Draper, a longtime head of the finance group at Ropes & Gray, has joined Foley Hoag as a partner in its business department and co-chair of its debt finance practice in Boston.
August 06, 2018 at 11:58 AM
4 minute read
Longtime Ropes & Gray finance partner Thomas Draper has joined Foley Hoag in Boston as co-chair of its debt finance practice. Draper's decision to join Foley Hoag last week came on the heels of his 65th birthday, which is also the mandatory retirement age at Ropes & Gray . “The firm cooperated with me for a long time [and] they were actually very supportive in assisting me,” Draper said. “It's a happy departure.” Draper joined Ropes & Gray, one of Boston's oldest and largest firms, in 1980 following a clerkship with the U.S. Court of Appeals for the Fifth Circuit. He made partner at the firm nine years later and served as head of Ropes & Gray's finance group for close to 15 years. worked to expand the group from a 10-lawyer team based in Boston to nearly 100 lawyers across Ropes & Gray's offices in Boston, Hong Kong, London and New York . As the date of his retirement approached, Draper said he spent several months looking at opportunities at other firms and in-house positions, but he eventually felt that Foley Hoag would be his best landing place, since it is similar in many ways to his life at Ropes & Gray . The 240-lawyer firm was founded in 1943 in Boston by former Ropes & Gray lawyers Garrett Hoag and Henry Foley . (Two years later, with the addition of former U.S. Rep. Thomas Eliot, it became Foley , Hoag & Eliot, until 2000, when the firm adopted its current name .) “ They kept a lot of the same culture,” Draper said of his new firm. As the new co-chair of the debt finance group at Foley Hoag, Draper said he's looking to expand that practice to complement the M&A work the firm has been increasingly involved in for its private equity and investment fund clients. “They've had such growth [in the area] and need to develop debt finance to catch up,” Draper said. “We would like to get the debt practice moved up so Foley Hoag can have a complete offering [to clients].” Draper is the second longtime Ropes & Gray partner to find a new home at another Am Law 200 firm this year. In January, after roughly 40 years at Ropes & Gray, commercial litigator Harvey Wolkoff retired from the firm's partnership to start a Boston office for Quinn Emanuel Urquhart & Sullivan . Wolkoff and former Ropes & Gray associate Brian Shaughnessy, now of counsel at Quinn Emanuel, have helped that new outpost get off the ground. “At Ropes & Gray, partners hitting mandatory retirement have been increasingly looking for full-time work,” Draper said. recent feature story by The American Lawyer Choate Hall & Stewart Proskauer Rose Saul Ewing Arnstein & Lehr
This content has been archived. It is available through our partners, LexisNexis® and Bloomberg Law.
To view this content, please continue to their sites.
Not a Lexis Subscriber?
Subscribe Now
Not a Bloomberg Law Subscriber?
Subscribe Now
NOT FOR REPRINT
© 2024 ALM Global, LLC, All Rights Reserved. Request academic re-use from www.copyright.com. All other uses, submit a request to [email protected]. For more information visit Asset & Logo Licensing.
You Might Like
View AllQuinn Emanuel Has Thrived in China. Will Trump Help Boost Its Fortunes?
Trending Stories
- 1$34M Verdict Shows How 1 Claim Could Ratchet Up Employment Suit
- 2OIG Progress Puts Connecticut in Leadership Position
- 3Bankruptcy Judge to Step Down in 2025
- 4Justices Seek Solicitor General's Views on Music Industry's Copyright Case Against ISP
- 5Judge to hear arguments on whether Google's advertising tech constitutes a monopoly
Who Got The Work
Michael G. Bongiorno, Andrew Scott Dulberg and Elizabeth E. Driscoll from Wilmer Cutler Pickering Hale and Dorr have stepped in to represent Symbotic Inc., an A.I.-enabled technology platform that focuses on increasing supply chain efficiency, and other defendants in a pending shareholder derivative lawsuit. The case, filed Oct. 2 in Massachusetts District Court by the Brown Law Firm on behalf of Stephen Austen, accuses certain officers and directors of misleading investors in regard to Symbotic's potential for margin growth by failing to disclose that the company was not equipped to timely deploy its systems or manage expenses through project delays. The case, assigned to U.S. District Judge Nathaniel M. Gorton, is 1:24-cv-12522, Austen v. Cohen et al.
Who Got The Work
Edmund Polubinski and Marie Killmond of Davis Polk & Wardwell have entered appearances for data platform software development company MongoDB and other defendants in a pending shareholder derivative lawsuit. The action, filed Oct. 7 in New York Southern District Court by the Brown Law Firm, accuses the company's directors and/or officers of falsely expressing confidence in the company’s restructuring of its sales incentive plan and downplaying the severity of decreases in its upfront commitments. The case is 1:24-cv-07594, Roy v. Ittycheria et al.
Who Got The Work
Amy O. Bruchs and Kurt F. Ellison of Michael Best & Friedrich have entered appearances for Epic Systems Corp. in a pending employment discrimination lawsuit. The suit was filed Sept. 7 in Wisconsin Western District Court by Levine Eisberner LLC and Siri & Glimstad on behalf of a project manager who claims that he was wrongfully terminated after applying for a religious exemption to the defendant's COVID-19 vaccine mandate. The case, assigned to U.S. Magistrate Judge Anita Marie Boor, is 3:24-cv-00630, Secker, Nathan v. Epic Systems Corporation.
Who Got The Work
David X. Sullivan, Thomas J. Finn and Gregory A. Hall from McCarter & English have entered appearances for Sunrun Installation Services in a pending civil rights lawsuit. The complaint was filed Sept. 4 in Connecticut District Court by attorney Robert M. Berke on behalf of former employee George Edward Steins, who was arrested and charged with employing an unregistered home improvement salesperson. The complaint alleges that had Sunrun informed the Connecticut Department of Consumer Protection that the plaintiff's employment had ended in 2017 and that he no longer held Sunrun's home improvement contractor license, he would not have been hit with charges, which were dismissed in May 2024. The case, assigned to U.S. District Judge Jeffrey A. Meyer, is 3:24-cv-01423, Steins v. Sunrun, Inc. et al.
Who Got The Work
Greenberg Traurig shareholder Joshua L. Raskin has entered an appearance for boohoo.com UK Ltd. in a pending patent infringement lawsuit. The suit, filed Sept. 3 in Texas Eastern District Court by Rozier Hardt McDonough on behalf of Alto Dynamics, asserts five patents related to an online shopping platform. The case, assigned to U.S. District Judge Rodney Gilstrap, is 2:24-cv-00719, Alto Dynamics, LLC v. boohoo.com UK Limited.
Featured Firms
Law Offices of Gary Martin Hays & Associates, P.C.
(470) 294-1674
Law Offices of Mark E. Salomone
(857) 444-6468
Smith & Hassler
(713) 739-1250