Patton Boggs' Thomas Russo, a former top lawyer for Lehman Brothers, has accepted an offer to become the new general counsel for American International Group, a source with firsthand knowledge of the deal confirms. AIG is expected to make an official announcement of Russo's appointment within the next day.
Russo is currently senior counsel in the New York office of Patton Boggs.
AIG declined to comment. The Wall Street Journal reported earlier this month that AIG had offered him the job.
Russo was a Lehman Brothers vice chairman and the firm's top in-house lawyer until the company went bankrupt in 2008. He joined Patton Boggs in 2009 (see an earlier BLT post here).
Before joining Lehman Brothers in 1993, Russo was a partner and member of the management committee at Cadwalader, Wickersham & Taft. He is also an adjunct professor at Columbia University’s Graduate School of Business.
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