Dealmaker: Mark Soundy
Weil Gotshal buyout veteran Mark Soundy on keeping it in the family and why you can't trust a banker
September 29, 2010 at 07:48 PM
4 minute read
Why did you become a lawyer?
I saw how much pleasure being a lawyer (at Ashurst) gave my dad – and he did a pretty good job of hiding any pain (until it was too late).
Who has been the biggest influence on your career?
Apart from my wife (who has always called the shots), Nigel Campion-Smith at Latham (a truly brilliant lawyer) and Chris Hale at Travers (a fantastic mentor).
What's your proudest professional moment?
Idly checking a solicitors directory some time around 1995 to see how many Soundy solicitors there were in the UK and finding there were three: my dad, my wife and me.
Aside from your own firm, which lawyer do you most admire and why?
Matthew Layton at Clifford Chance. He's still the best in the private equity business and has been for years. And, irritatingly, he's also a really nice guy and always a pleasure to deal with.
What's your strongest characteristic… and worst trait? Single-mindedness… which tends to make me very selfish.
What advice would you give to young deal lawyers starting out?
Learn to be chameleon-like when dealing with different colleagues, clients and circumstances. In any negotiation, be sure to listen very carefully. And, of course, read A Practitioner's Guide to Private Equity cover to cover, and then recommend that all your friends do the same.
What's the best part of your job?
Apart from the people (clients and colleagues), it has to be doing deals. We've signed or closed four deals in the last week. That still gives me a kick – that's what it's all about.
What's the toughest ethical/moral dilemma your job has ever presented you with?
Too tough a question for the most honest answer. The Great Storm of 1987 occurred in my first month at Travers Smith. When I eventually made it into the office, I was the only one there and the switchboard in reception was ablaze with incoming calls. Manning the phones, I took a call from a distraught gentlemen. He was at a crematorium and on the verge of despatching his recently deceased mother, but his sister was now screaming and shouting that their mother had wanted to be buried, not cremated. He asked me urgently to find the will, check what it said and call him back. In the office chaos that day, I couldn't find the will or anyone to advise me what to do. So I took a deep breath, called him back and told him what I thought his mother would have wanted me to say…
What most annoys you about the legal profession?
Lawyers who forget that it's our clients who do the deals, not us.
What's your strongest card – technical wizardry or smooth client skills (you can only pick one)?
One of my clients once characterised me, in a legal directory, as having a marvellous bedside manner, which amused my then partners as much as it did him.
What is the daftest bit of corporate jargon you've heard (and did you smirk)?
'Trust me'. (Every time).
What will be the most significant market trend in terms of your practice area over the next 12 months?
Enough deal doing – I hope – to be described correctly as a market trend.
Do you see yourself having a career outside law?
No. When I left Travers Smith, I had about five months off. During that time, my wife and I talked about career alternatives. They all sounded fabulous. But the sad truth finally dawned on both of us that the only job I can possibly do is to be a private equity lawyer – thank goodness it pays.
What's your favourite cheese?
Stichelton, eaten with a Dorset Knob.
Visit Legal Week's Dealmaker archive to read more profiles.
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
© 2025 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 All![Lawyers React To India’s 2025 Budget, Welcome Investment And Tax Reform Lawyers React To India’s 2025 Budget, Welcome Investment And Tax Reform](https://images.law.com/cdn-cgi/image/format=auto,fit=contain/https://images.law.com/international-edition/contrib/content/uploads/sites/378/2024/08/Indian-Flag-767x633.jpg)
Lawyers React To India’s 2025 Budget, Welcome Investment And Tax Reform
![Quartet Of Firms Secure Roles as LG Group’s IT Services Arm Lists for $823M Quartet Of Firms Secure Roles as LG Group’s IT Services Arm Lists for $823M](https://images.law.com/cdn-cgi/image/format=auto,fit=contain/https://images.law.com/international-edition/contrib/content/uploads/sites/292/2023/10/south-korean-flag_616x372-767x633.jpg)
Quartet Of Firms Secure Roles as LG Group’s IT Services Arm Lists for $823M
![Bredin, Cleary Guide Sanofi’s €3B Share Buyback From L’Oreal Bredin, Cleary Guide Sanofi’s €3B Share Buyback From L’Oreal](https://images.law.com/cdn-cgi/image/format=auto,fit=contain/https://images.law.com/international-edition/contrib/content/uploads/sites/403/2023/06/Sanofi-767x633.jpg)
![A&O Shearman, White & Case Advise on €1.2B Public Takeover of German Steel Giant Salzgitter A&O Shearman, White & Case Advise on €1.2B Public Takeover of German Steel Giant Salzgitter](https://images.law.com/cdn-cgi/image/format=auto,fit=contain/https://images.law.com/international-edition/contrib/content/uploads/sites/378/2023/11/Money-falling-767x633-2.jpg)
A&O Shearman, White & Case Advise on €1.2B Public Takeover of German Steel Giant Salzgitter
3 minute readTrending Stories
- 1'Translate Across Disciplines': Paul Hastings’ New Tech Transactions Leader
- 2Milbank’s Revenue and Profits Surge Following Demand Increases Across the Board
- 3Fourth Quarter Growth in Demand and Worked Rates Coincided with Countercyclical Dip, New Report Indicates
- 4Public Notices/Calendars
- 5Monday Newspaper
Who Got The Work
J. Brugh Lower of Gibbons has entered an appearance for industrial equipment supplier Devco Corporation in a pending trademark infringement lawsuit. The suit, accusing the defendant of selling knock-off Graco products, was filed Dec. 18 in New Jersey District Court by Rivkin Radler on behalf of Graco Inc. and Graco Minnesota. The case, assigned to U.S. District Judge Zahid N. Quraishi, is 3:24-cv-11294, Graco Inc. et al v. Devco Corporation.
Who Got The Work
Rebecca Maller-Stein and Kent A. Yalowitz of Arnold & Porter Kaye Scholer have entered their appearances for Hanaco Venture Capital and its executives, Lior Prosor and David Frankel, in a pending securities lawsuit. The action, filed on Dec. 24 in New York Southern District Court by Zell, Aron & Co. on behalf of Goldeneye Advisors, accuses the defendants of negligently and fraudulently managing the plaintiff's $1 million investment. The case, assigned to U.S. District Judge Vernon S. Broderick, is 1:24-cv-09918, Goldeneye Advisors, LLC v. Hanaco Venture Capital, Ltd. et al.
Who Got The Work
Attorneys from A&O Shearman has stepped in as defense counsel for Toronto-Dominion Bank and other defendants in a pending securities class action. The suit, filed Dec. 11 in New York Southern District Court by Bleichmar Fonti & Auld, accuses the defendants of concealing the bank's 'pervasive' deficiencies in regards to its compliance with the Bank Secrecy Act and the quality of its anti-money laundering controls. The case, assigned to U.S. District Judge Arun Subramanian, is 1:24-cv-09445, Gonzalez v. The Toronto-Dominion Bank et al.
Who Got The Work
Crown Castle International, a Pennsylvania company providing shared communications infrastructure, has turned to Luke D. Wolf of Gordon Rees Scully Mansukhani to fend off a pending breach-of-contract lawsuit. The court action, filed Nov. 25 in Michigan Eastern District Court by Hooper Hathaway PC on behalf of The Town Residences LLC, accuses Crown Castle of failing to transfer approximately $30,000 in utility payments from T-Mobile in breach of a roof-top lease and assignment agreement. The case, assigned to U.S. District Judge Susan K. Declercq, is 2:24-cv-13131, The Town Residences LLC v. T-Mobile US, Inc. et al.
Who Got The Work
Wilfred P. Coronato and Daniel M. Schwartz of McCarter & English have stepped in as defense counsel to Electrolux Home Products Inc. in a pending product liability lawsuit. The court action, filed Nov. 26 in New York Eastern District Court by Poulos Lopiccolo PC and Nagel Rice LLP on behalf of David Stern, alleges that the defendant's refrigerators’ drawers and shelving repeatedly break and fall apart within months after purchase. The case, assigned to U.S. District Judge Joan M. Azrack, is 2:24-cv-08204, Stern v. Electrolux Home Products, Inc.
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