Reverse commute: Manatt hires former U.S. Steel general counsel
The law firm Manatt, Phelps & Phillips has hired Suzanne Rich Folsom, a former general counsel of U.S. Steel, to be a partner in its government and regulatory group. Folsom, says the firm, brings with her broad international corporate governance expertise and a successful track record leading the transformation of public and private corporations during periods of heightened regulatory attention. Manatt in particular cites Folsom’s expertise in cybersecurity, an area of ever-increasing concern to corporate legal departments.
Prior to joining Manatt, Folsom was the general counsel, chief compliance officer and SVP-government affairs at the iconic United States Steel Corp. Previously, as EVP, general counsel and chief compliance officer, Folsom partnered helped turn around the controversial security company ACADEMI, better known by its former name of Blackwater. And as VP, chief regulatory and compliance officer, and deputy general counsel at American International Group (AIG), Folsom helped stabilize the company during the financial crisis. Earlier, she served as counselor to the president and director of the Department of Institutional Integrity at the World Bank, where she was responsible for the multilateral organization’s anti-corruption program. Folsom is also the former private secretary to the Queen of the Hashemite Kingdom of Jordan.
“Suzanne is a dynamic change agent who has been recognized as an outstanding general counsel, regulatory and compliance lawyer, and cybersecurity leader,” said Donna Wilson, CEO and managing partner-elect of Manatt. “Her deep experience has enabled her to develop world-class business, regulatory and political acumen. We look forward to welcoming her to Manatt’s D.C. office.”
Folsom earned her J.D., graduating cum laude, from Georgetown University Law Center and received her B.A. in political science from Duke University.