Joseph Polizzotto is coming out of retirement to take a senior leadership role at one of the country’s biggest legal outsourcing companies.
If you don’t know the name, Polizzotto ran Deutsche Bank Americas as its general counsel from March 2009 to June 2014, when he handed off the reins to Michael Chepiga, a longtime litigator of Simpson Thacher & Bartlett.
Previously, he was general counsel of Lehman Brothers until it went bankrupt in 2008. He’ll begin at Quislex in New York City as senior vice president, strategy and client service in September.
“I always tell people, I was never fully retired,” said Polizzotto, 62. “The fairest description would be that I’m ending my sabbatical.”
During his downtime, Polizzotto said that he has been able to dedicate his time to non-profit work, including advising New York Legal Assistance Group, a provider of legal services for poor people in New York City, whose board he sits on.
During his time at Deutsche Bank, he said that he used Quislex to help manage the company’s eDiscovery, but that the company has a broad array of services that he will help promote: including contract management and M&A due diligence.
Quislex, what’s known as a legal process outsourcing company (LPO), was founded in 2004 by attorneys from Skadden Arps, Shearman & Sterling and Sidley Austin. It provides legal support services in areas like contract review, early case assessment and document review. It has offices in New York City, Hyderabad, India and Chicago. The company competes with Pangea3, Integreon, Mindcrest, among other outsourcers that have sprung up as corporations seek to rein in legal costs and operate more efficiently.
Polizzotto said his re-engagement with Quislex occurred at a law and compliance conference earlier this year in Orlando, where he met with company CEO Ram Vasudevan.
He said his new job will be located in the same building as his old firm, Cadwalader Wickersham & Taft. He worked at the New York-based law firm from 1980 to 1989, before he went in-house to the financial services firm Shearson Lehman Hutton, which later became Lehman Brothers.
“I talked to some of my friends there, so I’ll be able to have lunch with them on a regular basis,” said Polizzotto.