In recent developments, John Bick, the former leader of Davis Polk & Wardwell’s mergers and acquisitions practice, testified about the sequence of events that culminated in ex-associate Kaloma Cardwell’s “time to go” conversation in 2018. In-depth details of the testimony have been reported.
The “time to go” discussion is an internal mechanism within the corporation where associates are advised to seek job opportunities elsewhere but aren’t relieved of their duties instantly. This mechanism was explained previously in the trial via a series of testimonies by current and former Davis Polk professional development employees.
In addition to the firm, Cardwell’s retaliation suit also targets three individuals, including Bick and the ex-managing partner Thomas Reid. As per the latest information, Bick retired and transitioned to an “honorary” position of senior counsel in 2021 while Reid currently holds the position of Chief Legal Officer at Comcast.
Stay tuned as this story continues to unfold, promising significant learnings in corporate legal frameworks and industry standards.