One of America’s wealthiest corporate lawyers is retiring

- One of America’s wealthiest corporate lawyers is retiring


Gregory Palm won’t have to worry about money in retirement when he steps down as co-general counsel of Goldman Sachs.

Palm, 70, is one of America’s wealthiest corporate lawyers, having raked in an estimated $500 million in Goldman shares, dividends, distributions from firm-managed funds and proceeds from stock sales, Bloomberg reports. His retirement after 26 years of service was announced in a memo to staff on Wednesday.

Palm owns more than a million shares in Goldman stock, more than anyone at the firm, according to Bloomberg. He had joined the firm before its initial public offering in 1999.

Sources told Bloomberg that Palm was slated to retire last year, but he remained on board as the investment bank was investigated in connection with its work tied to Malaysian investment fund 1MDB.

Palm represented Goldman Sachs in congressional testimony during the financial crisis. He also defended claims the bank misled investors in mortgage securities, including purchasers of a so-called Abacus investment that was allegedly designed to fail.

Co-general counsel Karen Seymour will become the only general counsel when Palm leaves.

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Edward Lott, Ph.D., M.B.A. is president and managing partner of Allentown-based ForLawFirmsOnly Marketing, Inc., a local search and digital marketing agency that offers clients lead generation, local seo and Google Maps Domination. Ed has been a digital entrepreneur since 1994, having discovered very early the opportunities the Internet offered. After having spent over two decades helping attorneys grow their practice, Ed joined the staff of ForLawFirmsOnly Marketing as President and Managing Partner, where he is expanding the agency’s cutting-edge services to the legal market. A true marketing futurist, Ed's vast experience working directly with attorneys has given him a unique perspective on law firm marketing not found in many other digital marketing agencies. Ed has reshaped the offerings of ForLawFirmsOnly to focus on growing law firms through a holistic approach to digital marketing evident in the reformulated lead generation processes now in place. Want to learn more about ForLawFirmsOnly Marketing, their lead generation programs, or just talk to Ed about his visions for helping law firms grow? Call him at 855-943-8736.

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