Sidley taps Cravath partner to lead tech capital markets practice
By David Thomas
April 6 (Reuters) - A leader in Cravath, Swaine & Moore's capital markets practice has joined Sidley Austin, adding to a series of recent Cravath partner departures and marking at least the tenth partner to join Sidley in New York from another law firm this year.
Scott Bennett joined Sidley's New York office as the head of its technology capital markets practice, the firm said. Bennett previously co-led Cravath's venture capital & growth equity practice and its digital assets practice.
Bennett's arrival at Sidley comes one year after the Chicago-founded firm hired David Perkins , the co-leader of Cravath's private equity practice.
Bennett was one of several Cravath partners who represented crypto custody firm BitGo in its initial public offering earlier this year. Bennett also worked on Robinhood's IPO, as well as a $3.4 billion capital raise for the online broker app.
"Sidley is very much a dynamic and growing place, and they’re growing in a lot of areas of what I do," Bennett said. He declined to discuss his clients.
Bennett is at least the ninth partner to leave Cravath this year. The New York-based firm, which traces its roots back to 1819, historically rarely lost partners. That has changed in recent years as some partners have left and others have joined. The firm also reportedly joined rivals in creating a nonequity, salaried-partner tier in recent years.
The departures have included partners who left for Davis Polk & Wardwell, Paul Hastings and Willkie Farr & Gallagher and for in-house corporate roles. A spokesperson for Cravath said the firm wished Bennett well and declined to comment on the departures.
Cravath has brought on six partners from other law firms and the federal government since the start of 2025, including Nicole Argentieri, the former head of the U.S. Department of Justice's criminal division during the Biden administration. The firm internally promoted six of its lawyers to partners at the start of 2026.
