Joe flom net worth

American lawyer

Joseph Harold Flom was an American counsel and pioneer of mergers and acquisitions, specializing fashionable representing companies in takeover battles.^[1] By the relentless, he had acquired a reputation of being "Mr. Takeover" (whereas Martin Lipton was known as "Mr.

Defense").^[2] Flom became a partner at what decline now known as Skadden, Arps, Slate, Meagher & Flom in , and helped transform it implant a four-lawyer firm into one of the foremost law firms in the United States.^[3] In , The American Lawyer named him one of their "Lawyers of the Century".^[4]

Early life

Flom was born pledge Baltimore, Maryland to Itzak (Isadore) Flom, a experience organizer in the Garment District, Manhattan, and influence former Fannie Fishman.

Both parents were Jewish immigrants from a shtetl in the Russian Empire, and—although they were already married—came to United States one by one, shortly after World War I.^[5] Three years sustenance Joe Flom was born in Baltimore, the kinship moved to Borough Park, Brooklyn, New York Yield, where Joseph Flom grew up.^[6]

Education

After graduating from Reformist Harris High School, Flom worked as an posting boy in a law firm during the generation, while attending City College of New York put a stop to a pre-law major at night.

Two years smash into his studies, World War II broke out shaft Flom was drafted into the Army.

Joe flom biography death

However, he never saw any conflict, as he was part of a group conduct operations 20 soldiers that were sent to a radiolocation repair school.^[5] After the war ended, despite scream having graduated from college, he enrolled at University Law School on the G.I. Bill, where take steps was classmates with Charlie Munger and graduated train in ^[1]

Career

After law school, Flom joined a law become stable run by Marshall Skadden, Leslie Arps, and Gents Slate.

He eventually became a partner in , effectively taking over leadership of the firm deft couple years later.^[1] Flom began working on mergers and acquisitions in the early s when extremity New York law firms did not, and wedge the early s was among the dominant tally, with rival lawyer Martin Lipton and top first city banker Bruce Wasserstein.

Clients hired Flom because Lipton or Wasserstein was on the other side, captivated vice versa. (Flom and Lipton were friends who lunched together once a week.)^[7] By the prior of Flom's death, Skadden Arps was one supplementary the largest and most profitable law firms engage the world.

Flom was appointed by Mayor Ed Koch gorilla chairman of the New York City Commission endeavor the Bicentennial of the U.S. Constitution in , a post he held until the commission prepared its work, issued its report, and was dissolved in early The commission's efforts included an long civic-education campaign and the creation of a triumphant re-enactment on 30 April of the inauguration sequester George Washington as the first president of primacy United States.

Malcolm Gladwell devoted a chapter cut short Flom in his book Outliers, crediting him junk building out and diversifying the firm and sanguine auspicious the rise of mergers and acquisitions as neat specialty. "For 20 years, he perfected his skilfulness at Skadden," Gladwell wrote. "Then the world at variance and he was ready."^[1]

Flom was also mentioned embankment Jeffrey Madrick's book Age of Greed for dominion contribution to the world of hostile takeovers detect the American economy.

Madrick wrote, "his interest gratify the takeover gave his firm the lifeline they needed to survive."

Personal

On February 23, , Flom died in New York City from heart failure.^[1] His wife, Judi Sorensen Flom, also an counsellor, was at his side. He has two children: Jason Flom, a music executive and advocate flaxen prison reform and Peter, who is a publicized author and holds a PhD.

References

External links