New York, NY, United States (4E) – JPMorgan Chase & Co.’s Jim Woolery, one of the bank’s most senior deal makers, will leave Wall Street to serve as an executive at a law firm.
Woolery, one of the biggest names in mergers and acquisitions (M&A), is leaving JPMorgan after two years. He will be the New York-based law firm Cadwalader, Wickersham & Taft LLP’s new deputy chairman.
The move is the latest career turn for Woolery, who joined JPMorgan in 2011 after a 17-year stint in top U.S. merger law firm Cravath, Swaine & Moore. With his new position, Woolery is set to become the potential successor to W. Christopher White, who is the current chairman of Cadwalader.
Woolery, who will begin work in Cadwalader on Feb. 25, is making a huge personal gamble by returning to the legal industry as it still struggles with a shortage of work while leaving his job in JPMorgan as co-head of the U.S. M&A business just as mergers are starting to gain traction.
As an investment banker, Woolery was part of some of the biggest deals in the last two years, including AT&T’s attempted acquisition of T-Mobile USA and Dell’s $24.4bn sale to investment firm Silver Lake and the company’s founder, Michael Dell.
Woolery said that his latest move was not a result of dissatisfaction with JPMorgan.