Distinguished Leader: Jayant (Jay) W. Tambe
Partner and Financial Markets Practice Leader at Jones Day
October 23, 2020 at 09:41 AM
4 minute read
What are some of your proudest recent achievements?
The successful defense of our banking clients in complex financial products litigation has been a point of professional pride for me. I went to law school in part to combine my interest in economics with the law and am very grateful that my career has developed is such a way that law and economics is the cornerstone of my practice.
In addition to leading the financial markets litigation practice of the firm, I have been a highly active member of the American India Foundation and the South Asian Bar Association. I was born in India and moved to the United States at the age of 16. I started my legal career in 1992, when it was still quite rare to find South Asian lawyers at any U.S. law firms, let alone South Asian litigators. My experiences early in my career have driven my efforts to mentor and assist other diverse lawyers. I have a passion for diversity and inclusion, and help with efforts to identify and foster the development of diverse legal talent across the firm.
Name a lawyer or mentor whose leadership inspired you.
My early career was shaped and heavily influenced by my original mentor at Jones Day—David Carden, who hired me and who led the firm's securities litigation practice for many years. But, the mentor who most shaped my professional development as a practice leader and inspired me to become a mentor to younger lawyers was Mark Sisitsky, a now-retired transactional banking lawyer, who led Jones Day's banking and finance practice through its early formative years. Mark was a source of professional inspiration not only because of his intense legal acumen, but also his adaptability to changing market conditions and legal developments, which I witnessed first-hand as he navigated the firm's clients through the 2008 financial crisis.
How are the business and profession of law changing, and how should lawyers adapt for the future?
Traditionally, lawyers were defined solely by a narrow area of specialization and, while those areas of specialization are vital, they are not enough anymore. Clients want litigators who understand their business and their products and regulatory lawyers who understand their industry. I remember during the last financial crisis, one transactional lawyer I worked closely with completely immersed himself into the litigation side of things. He knew the products being litigated so understood that part very well, but had to learn to pivot and use that expertise to help review and shape litigation documents. Clients now seek to engage firms on a global basis to work with one team of lawyers that can cover their specialized needs across geographies and transaction types. Lawyers should be open-minded to learn an area that might not be directly in their wheelhouse—lawyers who are overly specialized will become more a rarity. It's all about staying fluid and willing to learn new things at any stage of your career.
Also, many clients are focusing on diversity in the workplace, which is great for me as a diverse lawyer to see. We need to work even harder going forward to make sure our workforce is reflective of the ever-changing demographics of the market and the needs of our clients.
What is the best advice for someone considering a career in law, or someone already in the profession who is seeking to make a greater impact?
It's perfectly acceptable to work on both litigation and transactional (and regulatory) matters. The broader your experience, the more valuable a lawyer you will be.
And, if there's one thing that I can't stress enough—and all the associates I work with can vouch for this—speak up and take initiative. I value very much a lawyer who hears about an issue on a call or in a meeting and takes the initiative to research that topic or stay on top of it and bring it up when there are relevant changes.
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 AllClimate Disputes, International Arbitration, and State Court Limitations for Global Issues
Judicial Face-Off: Navigating the Ethical and Efficient Use of AI in Legal Practice [CLE Pending]
4 minute readLaw Firms Mentioned
Trending Stories
- 1Firms Saw Slight Declines From Last Year, but Merger Interest Remains High, Managing Partner Survey Reveals
- 2Medicaid Whistleblowers Awarded $37M Plus Interest
- 3Pfizer Faces Multiple Lawsuits Over Recalled Sickle-Cell Medication
- 4Top 10 Law Firm Videos to Produce in 2025
- 5Elizabeth Cooper of Simpson Thacher on Building Teams in a 'Relationship Business'
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