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The Secret Society Of Wall Street’s Top In-House Lawyers

Portrait of a young businessman with finger on his lips

October 20, 2016

Every year, top in-house lawyers for Wall Street meet at lavish international locations for private conversations about the challenges of working for the world’s most powerful banks. The annual meeting, first reported on by Bloomberg, was created by lawyer Robert Mundheim, now with Shearman & Sterling. Some sources say the meetings have been going on for two decades, and have been held at lavish locales like Switzerland’s Lake Lucerne, Connecticut’s Litchfield County, and this year the Trianon Palace at Versailles. Topics often include managing relationships with the board, and whether compliance personnel should receive stock incentives. This year, according to Bloomberg, the main focus of conversation were class-action lawyers who seek billions from top banks for alleged market manipulations.

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