Long-Time Paul, Weiss Partner Toby Myerson to Set Up Business Advisory Firm

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Oct 26, 2016, 09:00 ET

NEW YORK, Oct. 26, 2016 /PRNewswire/ -- Toby S. Myerson has decided to leave his position as a partner at Paul, Weiss to establish his own business advisory boutique, Longsight Strategic Advisors LLC, commencing in January of 2017.

Mr. Myerson has served for decades as co-chair of the Corporate Department and as co-head of the firm's Global Mergers and Acquisitions Group. During his more than 33 years at Paul, Weiss, he has been involved in some of the most high profile transactions of the day.

Mr. Myerson's new firm, Longsight, will provide business counsel to senior corporate leaders, boards of directors and business owners with governance matters and crisis management, problem solving, and executing transactions that are difficult to complete. Longsight will have an international advisory board of senior leaders from industry, finance, accounting and other professions to provide sound advice and work on discrete matters and transactions.

Mr. Myerson said, "Paul, Weiss has been my professional home over the last 33 years. I am deeply grateful and honored to have served this wonderful firm and our world-class clients. I have had immense pleasure working side-by-side with my Paul, Weiss colleagues who are outstanding professionals, true leaders of the legal profession and great friends. At this juncture, I very much look forward to utilizing my experience and energy in helping business leaders address their most sophisticated business challenges."

Paul, Weiss Chair Brad S. Karp said, "Toby has been a wonderful partner and friend, and we will certainly miss him and wish him the very best in his new business venture."

"Toby is an outstanding lawyer and has been a terrific leader and role model for generations at Paul, Weiss. He will always be special to our firm, and we look forward to collaborating with him in his new venture," said Robert B. Schumer, Chair of Paul, Weiss's Corporate Department.

During his legal career, among many others, Toby represented Citigroup in more than $35 billion of acquisitions and divestitures, including Citi's $14 billion cash and stock acquisition of Nikko Cordial Corporation; he advised Nextel Communications in its $30 billion merger with Sprint Corporation; and he represented EXOR S.p.A., the Agnelli family holding company, in its successful $6.9 billion unsolicited takeover of PartnerRe. In addition to his many clients headquartered in the United States, Mr. Myerson has advised numerous companies headquartered in Europe, Canada, Asia and elsewhere. Mr. Myerson also worked as an investment banker and managing director of Wasserstein Perella in 1989 and 1990, lived in Tokyo, and managed the business of that firm in Japan and elsewhere in Asia.