Kirkland & Ellis Snags Corporate Partner from Simpson Thacher
Summary: Peter Martelli is the latest partner to leave Simpson Thacher & Bartlett for Kirkland & Ellis in the last few years.
Kirkland & Ellis will welcome a new partner to their firm. Peter Martelli turned in his resignation and will join the firm after the 90-day notice period. Martelli, a young transactional attorney, originally joined Simpson Thacher in 2000. Ten years later he was made a partner.
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While a senior associate at Simpson Thacher, Martelli worked as a member of the team that counseled Lehman Brothers Holdings Inc. on their $1.75 billion sale in 2008 to Barclays PLC, a British banking giant. He has also worked as a deputy to partner Gary Sellers, who is now enjoying retirement in Florida, on a 2014 transaction to help the satellite radio giant Sirius XM Holdings Inc. avoid bankruptcy. The team, led by Martelli, advised Sirius XM through a $10 billion takeover offer by the Liberty Media Corp., which had already put $530 million into Sirius XM in 2009.
Martelli has worked on numerous high profile cases and will be a valuable asset to Kirkland & Ellis. The firm has made several hires in the last year. Former Simpson Thacher attorneys that have joined Kirkland & Ellis include Andrew Calder, Melissa Hutson, and Sean Rodgers.