Freshfields Bruckhaus Deringer has brought on another Cravath Swaine & Moore M&A partner, adding Jenny Hochenberg as a partner in New York, the firm announced Thursday.
Hochenberg, who has worked on big deals for clients such as Time Warner and Johnson & Johnson, follows the arrival of Cravath dealmaker Damien Zoubek at Freshfields in September. The firm also added in January former Cravath of counsel Nicole Foster to co-lead its employee benefits practice.
Hochenberg’s move is another reminder that Cravath partner exits—including some younger partners and rising stars—have continued to trickle, even with the firm modifying its strict lockstep partner pay system late last year in an effort to remain competitive. Besides Hochenberg’s move, Cravath partner Allison Wein joined Kirkland & Ellis just this month, and partner Jennifer Conway joined Davis Polk & Wardwell in December.
Freshfields said Hochenberg’s corporate and M&A work spans several sectors, including health care, life sciences, technology, and industrial, and she’s been on deal teams representing Time Warner on its $109 billion sale to AT&T; Afterpay on its $29 billion sale to Block; Canadian National Railway on its $33.6 billion interloper bid for Kansas City Southern; and GW Pharmaceuticals on its $7.2 billion sale to Jazz Pharmaceuticals, among others.
Freshfields’ U.S. managing partner Sarah Solum, in a statement, said Hochenberg has an “outstanding track record in her service to clients.”
Hochenberg joined Cravath in 2009 and was elected partner in 2017.
“Jenny is one of the smartest and most capable corporate lawyers I’ve ever seen,” said Zoubek, who is now co-head of the firm’s U.S. corporate and M&A practice, adding “she is creative, dedicated and relentless in service of her clients, and is one of the true rising stars in the M&A community in the United States.”
For Freshfields, Hochenberg’s move highlights the international law firm’s momentum and its expansion plans in the U.S., after launching a Silicon Valley office in July 2020 along with adding about 10 lawyers from Cleary Gottlieb Steen & Hamilton in New York.
This week, the firm also added as a partner Andrew “Andy” Hill of Wilson Sonsini Goodrich & Rosati.
According to Freshfields, Hochenberg is the 39th partner the firm has added in the U.S. since 2018, including 27 laterals and 12 promotions. Since 2019, the firm said, its partnership in the U.S. has increased from 24% to 36% women.
In a statement, Hochenberg said the firm’s “extraordinary lawyers and highest quality practices across the globe make it a superb platform from which to serve clients on their most impactful matters.”
A Cravath spokesperson said: “We wish Jenny well in her future endeavors.”
While Cravath has seen several notable partner exits in recent years, it also brought on three lateral partners in 2021, including Ronald Creamer Jr., the former head of Sullivan & Cromwell’s tax group; former Federal Trade Commission assistant director Daniel Zach; and Debevoise & Plimpton bank regulatory partner David Portilla.