Dean’s Roundtable with Irving Picard LLM’67, partner at BakerHostetler LLP, Thursday, November 9, 2017

Posted on

Throughout the school year, the dean hosts roundtable discussions with prominent guests who have utilized their law degrees in a variety of nontraditional ways. Over lunch with a small group of students, guests discuss their work experiences, sharing valuable insights about how they found their chosen path. Please note that the roundtables are informal and off-the-record.


Irving Picard LLM’67, who will be the Dean’s guest on Thursday, November 9, is a partner in the New York office of BakerHostetler LLP, one of the nation’s leading law firms. Throughout his nearly 50-year legal career, he has focused his practice on the complexities of bankruptcy, restructuring and creditors’ rights, and he is a leader in the field of trusteeships and receiverships.


Mr. Picard currently serves as court-appointed trustee under the Securities Investor Protection Act (SIPA) for the liquidation of Bernard L. Madoff Investment Securities LLC (BLMIS), an unprecedented global recovery effort stemming from one of the largest financial frauds in US history. As SIPA Trustee, his mandate is to recover the principal stolen by Madoff to return to BLMIS investors.  As of November 2016, with the help of his BakerHostetler legal team, he has recovered or entered into agreements to recover more than $11.5 billion, all of which will be returned to defrauded BLMIS customers. To date, Mr. Picard has overseen the return of nearly $9.5 billion to BLMIS customers, which includes approximately $836 million in cash advances.


In addition to serving as a court-appointed trustee for securities brokerage house liquidations under SIPA, Picard has also served as counsel to trustees under SIPA, counsel for Chapter 11 creditors’ committees, SEC receiver in a Ponzi scheme case, and disbursing agent. In 1979, Picard was appointed as the Department of Justice’s first United States Trustee for the Southern District of New York, a position he held for nearly three years prior to joining BakerHostetler LLP.


He holds an LLM from New York University School of Law, a JD from Boston University School of Law, and a BS from the University of Pennsylvania, Wharton School of Finance.


Mr. Picard is ranked in Chambers USA 2014: America’s Leading Lawyers for Business, where he has been described as “extremely intelligent, a great analytical thinker,” and he is listed in The Best Lawyers in America in Bankruptcy and Creditor Debtor Rights/Insolvency and Reorganization Law.


The roundtables begin at 12:30 PM and end at 2:00 PM in Snow Dining Room. They are open to 18 interested JD and graduate students. In order to achieve a representational mix of students, we will designate a proportionate number of seats to JD students and graduate students. Within each group (JD or LLM), attendees will be selected randomly from all students who have signed up by 5pm on the day the invitation is distributed.


If you would like to attend, please email Ken Seagreaves at Please indicate whether you are a JD or graduate student, and whether you have any dietary restrictions. If you are allotted a space, you will receive a confirmation email.