Representing a large and diverse group of global public and private companies, as well as private equity sponsors, Cleary Gottlieb Steen & Hamilton advises clients on the most complex executive compensation and employee benefits matters, including those arising from public and private M&A transactions, private equity deals, spin-offs, IPOs, divestitures, carve-outs, bankruptcies, and restructurings. Under the leadership of Michael Albano, the practice also handles governance matters, advising on executive and director succession planning, independent investigations, shareholder engagement and compensation, as well as environmental, social, and governance issues. Albano brings over two decades of experience and focuses on the most complex matters in the market, addressing the commercial, tax, ERISA, and governance considerations of each transaction and client. He is supported by the 'exceptional' Julia Petty, who is well-versed in domestic and cross-border transactions and advises on disclosure, governance, and shareholder engagement matters, particularly in connection with change-of-control transactions, shareholder activism, and other significant corporate events. Elizabeth Dyer is also a key member of the practice, advising clients on complex ERISA-related matters. All mentioned individuals are based in the firm's New York office.
Legal 500 Editorial commentary

Testimonials

Collated independently by Legal 500 research team.

  • ‘Cleary Gottlieb's HR practice stands out among its peers. They have a deep knowledge base of HR related topics including equity, benefits, compensation and employee retention. Every deal is unique and they are able to assess the situation and provide elegant solutions. ’

  • ‘Julia Petty is exceptional. She is able to not only develop elegant HR related solutions, she is also able to clearly articulate the solutions to both the buyer and seller. She is responsive and a great communicator. A true gem.'

  • ‘High quality, practical, user-friendly.'

  • ‘Elizabeth Dyer is a particular standout.'

Key clients

  • Avail Infrastructure Solutions
  • Baker Hughes
  • General Mills
  • GSK
  • Keurig Dr Pepper
  • Levi Strauss & Co.
  • Medtronic
  • Roquette
  • Sofidel
  • Solventum
  • SpartanNash
  • Surescripts

Work highlights

Advising Baker Hughes on executive compensation and employee benefits work in relation to pending all-cash $13.6 billion acquisition of Chart Industries.
Representing GSK in its up to $2 billion acquisition Boston Pharmaceuticals’ lead asset efimosfermin alfa and related executive compensation and employee benefits work.
Representing Medtronic in the pending separation of its diabetes business into a new standalone public company, MiniMed, and related executive compensation and employee benefits work.

Lawyers

Hall of Fame

The lawyers at the very top of the profession, widely known and respected by peers and clients for their longstanding involvement in market-leading work.

Next Generation Partners

Junior partners with significant recognition from clients and peers in the market and key roles on multiple matters.

Practice head

Michael Albano

Other key lawyers

Julia Petty; Elizabeth Dyer; Alan Levine; Amanda Toy