1. Professor Henry Hu:  Director, SEC's Risk Fin Division.
2. Jennifer McHugh:  Acting Director, SEC's Investment Mgmt Division.
3. DLA Piper:  Layoff Watch.
4. Cravath, Swaine & Moore:  Bonus Picture.
   

    1.  Professor Henry Hu: Director, SEC's Risk Fin Division.   Henry T.C. Hu, who headed the SEC's first new division in 37 years, will leave the post in January and return to U. of Texas, where he chairs Law of Banking and Finance.  The Division of Risk, Strategy and Financial Innovation was launched in 2009 to provide "sophisticated, interdisciplinary analysis across the entire spectrum of SEC activities" - its "Think Tank."  The division also helped break down silos that compartmentalized the SEC's institutional expertise.   [SEC PR 10-226, 11/18]

    2.  Jennifer McHugh:  Acting Director, SEC's Investment Mgmt Division.   Jennifer McHugh was named Acting Director of the SEC's Division of Investment Management, replacing Andrew 'Buddy' Donohue who just left after 4 years with the Commission.  Ms. McHugh currently is a senior advisor in the Office of the Chairman, where she advises Chairman Schapiro on issues related to M/F's and IA's.  She's been with the SEC for 11 years and previously had been an associate at Dechert LLP.    [SEC PR 10-227, 11/19]

    3.  DLA Piper:  Layoff Watch.   The law firm recently confirmed to Above the Law that it had trimmed an undisclosed number of staffers from its offices in 26 U.S. cities - including, but are not limited to, DLA's Baltimore and Sacramento offices.  The firm says it "right-sized" staff levels in order to maximize the firm's performance.  Some were surprised at the staff cuts, because the firm had touted strong results as of late.  [ATL, 11/12]

4.  Cravath, Swaine & Moore:  Bonus Picture.   Cravath, one of the most profitable American law firms, announced that associates would receive bonuses ranging from $7.5K for first-years, to $35K for senior associates.  The figures largely mirror what were given in 2009, but pale in comparison to 2007, when bonuses climbed to $60K.  Bonuses for senior attorneys, specialist attorneys, discovery specialist attorneys and foreign associate attorneys will be determined on an individual basis.   [NYT Dealbook, 11/22]