A pair of leading M&A lawyers left their perch at two top Am Law 100 firms in New York for the hedge fund world, each operating at opposite ends of the alternative investment industry.

The Am Law Daily reported Tuesday on Cadwalader, Wickersham & Taft chair-elect JAMES WOOLERY‘s decision to leave the firm and start Hudson Executive Capital—a $250 million startup activist hedge fund—with former JPMorgan Chase chief financial officer Douglas Braunstein. Woolery, a former Cravath, Swaine & Moore partner who joined Cadwalader in early 2013 from his role as cohead of North American M&A at JPMorgan, leaves the firm two years into a three-year deal that paid him roughly $8 million to $10 million per year.

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