Goldman Hires Sullivan & Cromwell Attorney as Partner and Co-General Counsel

Photographer: Michael Nagle/Bloomberg
  • Karen Patton Seymour will oversee legal matters with Greg Palm
  • Seymour was former U.S. attorney who prosecuted Martha Stewart

Goldman Sachs Group Inc. hired Karen Patton Seymour from Sullivan & Cromwell LLP as co-general counsel to share oversight of the firm’s legal department with Greg Palm.

Seymour will begin next month and join the management committee, New York-based Goldman Sachs said Tuesday in a statement. She’s at least the fifth person to be hired as a partner, the firm’s highest rank, from outside the company this year.

Seymour, 56, earlier worked in the U.S. Attorney’s office for the Southern District of New York in roles including chief of the criminal division. As a federal prosecutor, she’s best known for winning a conviction against Martha Stewart in 2004.

“Karen has extraordinary legal experience,” Chief Executive Officer Lloyd Blankfein said in the statement. “We look forward to benefiting from her wise counsel and having her join our leadership team.”

Seymour will share duties with Palm, 69, who joined the bank in 1992 from Sullivan & Cromwell to run the legal department. He helped the firm navigate legal issues including the fallout from the financial crisis. Palm owns about $260 million in company stock, according to data compiled by Bloomberg.

Seymour represented banks including Barclays Plc and BNP Paribas SA as a partner at Sullivan & Cromwell. She was a member of the management committee, specializing in regulatory enforcement and internal investigations, among other matters, according to the statement.

For more news, visit Bloomberg.