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Lawrence S. Elbaum
Lawrence S. Elbaum
Partner — Shareholder Activism
E: lelbaum@velaw.com T: +1.212.237.0084
VCard BIO PDF
Partner — Shareholder Activism

Lawrence S. Elbaum

Lawrence S. Elbaum
New York
T: +1.212.237.0084
F: +1.917.849.5379

The Grace Building
1114 Avenue of the Americas
32nd Floor
New York, New York 10036

E: lelbaum@velaw.com
VCard BIO PDF
start quote symbolClients look to us to provide unparalleled guidance and judgment when board control and the strategic direction of a company are at stake. When there’s no time to look up answers, our highly skilled team of shareholder activism specialists has the unique ability to hit the ground running, overcome obstacles, and drive successful outcomes.end quote symbol
Lawrence S. Elbaum

Lawrence Elbaum is the co-head of V&E’s Shareholder Activism practice. He leverages nearly two decades of experience as a securities attorney and business advisor to counsel senior management and boards of public companies with respect to proxy fights, merger contests, consent solicitations, “Withhold the Vote” or “Vote No” campaigns, precatory proposals and short attacks, as well as an array of complex corporate governance matters.

Over the past seven proxy seasons, Lawrence has led over 200 activism defense engagements for public companies of all sizes and across all industries. He regularly defends clients against high-profile shareholder activists such as Starboard Value, Elliott Management, Carl Icahn, Engaged Capital, Jana Partners, Value Act, and Legion Partners. He also represents select investors in strategic investments and activism campaigns against public companies.

“[Lawrence] brings a combination of deep experience, valuable insights and a collaborative mindset. I am very impressed with his level of engagement, accessibility, and helpfulness.” – Chambers USA, Corporate/M&A: Takeover Defense (New York), 2021

Throughout Lawrence’s leadership of the Shareholder Activism practice, the team has been ranked the top firm for shareholder activism defense for company and board representation by Bloomberg, Refinitiv, Activist Insight, and FactSet. Chambers USA 2021 and 2022 lists Lawrence as a leading practitioner in its category for “Corporate/M&A: Takeover Defense (New York)” and The Legal 500 U.S. ranked our Shareholder Activism practice among the top law firms from 2019 – 2022 in the “Shareholder Activism – Advice to Boards” category. Vinson & Elkins is the only law firm to secure a #1 ranking in both The Legal 500 U.S. and Chambers USA for our Shareholder Activism Defense practice. Additionally, Lawrence was highlighted as a Next Generation Partner by The Legal 500 in 2020 and has been named finalist for “Dealmaker of the Year” as part of The Deal Awards 2019. In 2018, the New York Law Journal gave Lawrence the “Rising Star” award, which honors the most promising attorneys in New York’s legal community under the age of 40 who have influenced their practice areas in New York and around the country.

Outside of the office, Lawrence works with organizations to promote gender and ethnic diversity in public company boardrooms across Corporate America. He also devotes significant efforts to pro bono work, including having represented battered and indigent women in connection with divorce, alimony, and child custody and support proceedings in New York City. In addition, he supports a host of regional, national and global charities, including various Holocaust remembrance and genocide prevention initiatives, The Boys and Girls Club of America and Hassenfeld Children’s Hospital at NYU Langone.

Experience Highlights

  • Verisk Analytics, Inc. in defense of the shareholder activism campaign of D.E. Shaw & Co., L.P.

  • eHealth, Inc. in defense of the proxy fight by Starboard Value LP and the shareholder activism campaign by Hudson Executive Capital LP

  • Evolent Health in defense of the shareholder activism campaign of Engaged Capital

  • Fiesta Restaurant Group, Inc. in defense of the proxy fights by AREX Capital Management, LP and JCP Investment Partners Ltd

  • Noble Energy in connection with the activist investment and rumored proxy contest by Elliott Management

  • Hilton Grand Vacations Inc. in defense of the activist investments of Land & Buildings Investment Management, LLC (2021) and Elliott Investment Management (2019)

  • Nutrisystem, Inc. in defense of the shareholder activism campaign of Legion Partners Asset Management, LLC

  • Benefitfocus, Inc. in defense of the activism campaign of Indaba Capital Management, L.P.

  • Arlo Technologies, Inc. in defense of the shareholder activism campaign by Viex Capital Advisors, LLC

  • Primo Water Corporation in defense of the shareholder activism campaign by Legion Partners Asset Management

  • Lumber Liquidators Holdings in the defense of the shareholder activism campaigns by F9 Investments and Rizzi Capital

  • FedNat Holding Company in the defense of the proxy fight by Capital Returns Management

  • Sandridge Energy in its proxy contest defense against Carl Icahn and in the defense of the unsolicited bid of Midstates Petroleum

  • Rice Energy in its $6.7 billion merger with EQT Corporation, which was approved despite opposition from activist JANA partners

  • Matrix Service Company in its proxy contest defense against Engine Capital

Credentials

  • Brooklyn Law School, J.D., 2005
  • Cornell University, B.S., Industrial and Labor Relations, 2002
  • Lawrence served as the Litigation designee for an AmLaw 100 law firm’s Pro Bono Initiative Committee, where he assisted with the intake and supervision of scores of pro bono matters. Lawrence also has directly handled an array of pro bono assignments over the years, ranging from assisting Holocaust survivors in obtaining reparations from Germany to representing indigent and disabled women in child custody, child support and divorce disputes.
  • Chambers USA, Corporate/M&A: Takeover Defense (New York), 2021 and 2022
  • The Legal 500 U.S., M&A/Corporate & Commercial: Shareholder Activism: Advice to Boards, 2019–2022; “Next Generation Partner” in M&A/Corporate & Commercial: Shareholder Activism, 2021–2022; “Next Generation Lawyer,” 2020; Corporate Investigations and White-Collar Criminal Defense, 2019; Dispute Resolution: M&A Litigation: Defense, 2022; Dispute Resolution: Securities Litigation: Defense, 2022
  • Selected to the New York Rising Stars list, Super Lawyers (Thomson Reuters), 2015–2020 and 2022
  • Golda Och Academy “Distinguished Alumni Award,” 2012
  • The Brooklyn Law School “Outstanding Civic Leadership Award,” 2012
  • The Brooklyn Family Defense Project “Family Defender Award,” 2012
  • New York Legal Assistance Group “Pro Bono Advocacy Award,” 2010
  • The Sanctuary for Families “Excellence in Pro Bono Advocacy Award,” 2009
  • Trustee: Golda Och Academy, 2010 – 2017
  • Alumni Society Founder/Co-Chair: Golda Och Academy, 2007 – 2017
  • Co-Founder: The Albert Einstein College of Medicine Young Leadership Board
  • New York
  • U.S. District Courts for the Southern and Eastern Districts of New York
  • “What Should Issues Care About,” 2019 Corporate Governance Forum, November 20, 2019
  • “Managing Activists,” NACD North Texas Chapter Series, November 12, 2019
  • “Navigating Investor Activism,” Latino Corporate Directors Association Annual Board Leaders Convening, October 18, 2019
  • “Shareholder Activism,” NACD Director Professionalism, August 14, 2019
  • “Shareholder Activism Bootcamp,” WCD South Florida Chapter Meeting, May 7, 2019
  • “Shareholder Activism Bootcamp,” WCD Silicon Valley Chapter Meeting, January 23, 2019
  • “Shareholder Activism: Managing & Mitigating Risks in 2018,” March 6, 2018 (speaker)
  • “Condensed Activism Bootcamp,” Corporate Governance Ohio Chapter Meeting, October 26, 2017 (speaker)
  • “Mock Proxy Fight – So You Think You’re Ready for a Fight?” October 5, 2017 (speaker)
  • “Rising Activism in the REIT World,” The BMO Capital Markets 12th Annual Real Estate Conference, September 26, 2017 (panelist)
  • “Think Twice Before Settling With An Activist, “ Law360, December 9, 2016
  • “Renewable Energy,” Activist Insight Monthly, October 2016 (co-interviewee with Kai Liekefett)

News & Insights

Event Recap
Navigating the 2023 Annual Meeting and Reporting Season
November 17, 2022
Video
Event Recap
REIT Activism: Recent Developments and How the Universal Proxy Could Impact Annual Meetings
October 24, 2022
Video
Event Recap
De-SPACtivism: How Post De-SPAC Public Companies Can Prepare for a Tidal Wave of Proxy Fights, Hostile M&A and Short Attacks
Energy Transition
October 20, 2022
Video
Rankings & Awards
The Deal Names Steve Gill as Dealmaker of the Year, Shortlists Vinson & Elkins for Three Awards
October 3, 2022