Hughes Hubbard & Reed Expands with the Addition of Schulman Bhattacharya
NEW YORK and WASHINGTON — Hughes Hubbard & Reed LLP has successfully completed the acquisition of Schulman Bhattacharya LLC, a notable litigation and arbitration boutique based in Washington, D.C. This strategic move aims to enhance Hughes Hubbard's ability to serve clients engaged in complex disputes.
The integration of Schulman Bhattacharya into Hughes Hubbard signifies a commitment to excellence in legal service. This is especially vital for clients navigating high-stakes cases, especially in the heart of U.S. litigation activity like D.C.
Neil J. Oxford, the chair of Hughes Hubbard, expressed excitement about welcoming the exceptional team from Schulman Bhattacharya. He emphasized the benefits of this acquisition, stating, "This acquisition continues the positive momentum as we strategically invest in firm growth, enhancing our litigation and arbitration practices as well as complementing our finance team."
The attorneys from Schulman Bhattacharya possess a robust portfolio, representing clients from various sectors such as real estate, finance, and pharmaceuticals. Their expertise spans across complex commercial litigation, both international and domestic arbitration, internal investigations, and corporate counseling. They have consistently represented clients in federal and state courts throughout the country as well as at various international arbitration forums.
Joining Hughes Hubbard from Schulman Bhattacharya are esteemed partners Jeremy W. Schulman, Koushik Bhattacharya, and Jeffrey S. Gavenman, along with two counsel and two associates. Jeremy Schulman will take the lead role in the D.C. litigation practice.
Schulman noted, "Hughes Hubbard's commitment to service and a culture promoting independence and excellence aligns perfectly with our values. I am looking forward to joining this remarkable team."
Gavenman, equally enthusiastic, expressed eagerness to collaborate with Hughes Hubbard’s talented litigators across various practice areas. He stated that they will continue to deliver exceptional results for their clients.
The accomplishments of Schulman Bhattacharya lawyers showcase their capability to deliver favorable outcomes. Notably, one case saw them act as national litigation counsel for a major pharmaceutical company, achieving an $18 million jury verdict, a permanent injunction, and successful appeals that affirmed these achievements. This further solidified their reputation in the industry.
Another significant victory was for a private equity firm involved in a $480 million petroleum company sale. The Schulman team successfully won summary judgment on all counts, while also obtaining a financial recovery of over $65 million, including legal fees.
Schulman Bhattacharya lawyers also represented several minority partners in real estate-related disputes valued over $500 million, securing multiple confidential settlements, some even in the midst of trials.
Furthermore, Schulman served as national litigation counsel for a real estate-backed lender, achieving impressive results by winning summary judgment in over 20 cases, securing judgments, and settlements exceeding $30 million.
This merger with Schulman Bhattacharya comes on the heels of previous strategic additions, which included project finance partners in both Washington and New York, aiming to bolster their capabilities in various domains.
Hughes Hubbard has garnered recognition, including being a finalist for the Litigation Department of the Year by New York Law Journal and holds top rankings by Chambers and Legal 500 in multiple areas such as Banking & Finance, Commercial Litigation, International Arbitration, Bankruptcy/Restructuring, White-Collar Crime & Government Investigations, and more. This acquisition not only enhances their reputational standing but also positions them for future growth and success.
Frequently Asked Questions
What is the significance of Hughes Hubbard's acquisition?
The acquisition of Schulman Bhattacharya enhances Hughes Hubbard's litigation and arbitration capabilities, allowing for improved client service and expert legal representation in complex disputes.
Who are the key partners joining Hughes Hubbard from Schulman Bhattacharya?
Jeremy W. Schulman, Koushik Bhattacharya, and Jeffrey S. Gavenman are among the key partners joining Hughes Hubbard, bringing considerable experience to the firm's litigation practice.
What industries do Schulman Bhattacharya's lawyers represent?
The attorneys at Schulman Bhattacharya represent clients across diverse sectors, including real estate, finance, healthcare, and more, focusing on complex commercial litigation and arbitration.
What recent accomplishments have Schulman Bhattacharya lawyers achieved?
They have secured significant verdicts and settlements, including an $18 million jury verdict for a pharmaceutical client and over $65 million in a private equity litigation victory.
How does this acquisition align with Hughes Hubbard's growth strategy?
This acquisition complements Hughes Hubbard's strategic investments, further strengthening their litigation and finance practices and expanding their reach in the competitive legal market.
