Bloomberg Law
June 16, 2016, 6:55 PM UTC

How Wells Fargo Onboarded 25 GE Capital Lawyers

Blake Edwards

In March, Wells Fargo closed a deal to purchase more than $27 billion in assets from GE Capital, including $24 billion in loans: the lion’s share of a $31 billion acquisition set to finalize by the end of the year, according to Wells Fargo.

The bank’s GC James Strother said about 40 or 50 different lawyers in his department have worked on the acquisition, first announced last October. Mayer Brown has been advising Wells Fargo on the deal.

The merger brings over from GE 2,800 employees, including 25 new lawyers. Asked about the challenges of bringing in new personnel, Strother said he uses a “buddy system.”

“We ...

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