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Skadden Executive Compensation Attorney switches to Cadwalader

Michael Bergmann, executive compensation and benefits consultant for Skadden, Arps, Slate, Meagher & Flom, has joined the Cadwalader, Wickersham & Taft group of companies in Washington, DC, as a partner.

Bergmann first joined Skadden in 2000 and advises corporations and private companies on executive compensation and benefits in mergers or acquisitions.

He said in an email that he joined Cadwalader because it was a “natural time to turn a page” in his career as his clients enter a “proxy season that will grapple with the ramifications of a pandemic, ESG considerations and ever sharper investor scrutiny of compensation practices.

He added: “Executive and director compensation is an ever-changing area which, apparently, requires a fresh look at old and new practices every day: I can’t think of a better place than Cadwalader to take up this challenge.

Bergmann’s hiring follows a hiring spree for Cadwalader, which reversed a decline in revenue and headcount over the past two years that the company attributed to a period of restructuring. This period saw the closure of offices in Asia and Houston and the departure of several lawyers.

In the DC office that Bergmann joined, for example, the company tapped Philip Khinda of Steptoe & Johnson in July to lead its SEC enforcement practice.

And last December, Cadwalader significantly bolstered its litigation department with the addition of a Boies Schiller Flexner team led by former co-manager Nick Gravante, who is representing two people in the District Attorney’s investigation of Manhattan on the Trump Organization, as well as companies such as McDonald’s, Wendy’s, Kraft Heinz and Panda Express.