Law360 Names Cravath a 2021 “Fintech Practice Group of the Year”
February 24, 2022
On February 18, 2022, Cravath was featured by Law360 as a “Fintech Practice Group of the Year.” The Firm was recognized for being “on the front lines of several key fintech moments of 2021” and “working with industry clients and government officials to help hone the regulatory landscape that will shape the space moving forward.” The feature highlighted the Firm’s role representing clients on matters including Afterpay in its $29 billion acquisition by Square and Robinhood on corporate and litigation matters.
Cravath partner David J. Kappos spoke about how the Firm’s cross‑border and interdisciplinary expertise were key in advising Afterpay, especially when addressing complex questions regarding ownership of data.
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J.D., 1990, University of California, Berkeley, School of Law
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B.S., 1983, University of California, Davissumma cum laude
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Related News & Insights
Deals & Cases
August 01, 2021
Afterpay’s $29 Billion Acquisition by Square, Inc.
On August 1, 2021, Afterpay Limited and Square, Inc. announced that they have entered into a Scheme Implementation Deed under which Square has agreed to acquire all of the issued shares in Afterpay by way of a recommended court-approved Scheme of Arrangement. The transaction has an implied value of approximately $29 billion based on the closing price of Square common stock on July 30, 2021, and is expected to be paid in all stock. Cravath, together with Gilbert + Tobin, is representing Afterpay in connection with the transaction.
Deals & Cases
July 29, 2021
Robinhood’s IPO
Cravath represented Robinhood in connection with its initial public offering. Robinhood raised approximately $1.9 billion of net proceeds in the IPO. Shares began trading on July 29, 2021 on the NASDAQ exchange.
Deals & Cases
February 25, 2021
Robinhood’s $3.4 Billion Capital Raise
Cravath represented Robinhood in connection with its $3.4 billion capital raise in the first quarter of 2021, which Robinhood used to continue to invest in customer growth. Robinhood’s mission is to democratize finance for all, and it offers commission‑free investing and other financial services.
