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December 17, 2010 2:29 PM

New Managing Partner for Cleary Gottlieb

Posted by Tom Huddleston Jr.

The partners at Cleary Gottlieb Steen & Hamilton have elected a new managing partner, the firm announced Friday

Mark Leddy, an antitrust partner based in Cleary's Washington, D.C., office, will succeed Mark Walker as managing partner in January. (The New York Law Journal, a sibling publication, has this news brief on the change.) Walker, 69, has served as the New York-based firm's managing partner since 2005.

Leddy, 63, who plans to continue practicing, joined the firm as a partner in 1986 after 14 years with the U.S. Department of Justice. He has advised clients on antitrust matters in several major transactions this year, including: Coca-Cola, in its $12.2 billion purchase of the North American operations of its largest bottler, in February; and Grupo Bimbo, in its November pick up of Sara Lee's North American arm.

In a statement, Leddy said he will "continue Mark Walker's strategy of thoughtful expansion, while at the same time maintaining our one-firm structure and our strong tradition of legal excellence, innovation, and internationalism."

Over the last five years, the NYLJ reports, Walker oversaw the firm's expansion in Asia, including a new office in Beijing in 2005 and a Honk Kong practice launched last month. Also, the firm's gross revenue has increased by 27 percent over that time, reaching $965 million in 2009, according to the most recent Am Law 100 financial data.

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