Parker, a regular on the New York and Hamptons social circuit, lives in a huge apartment overlooking Central Park and is known to like the expensive things in life.

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If you are getting divorced, the less money you spend on attorney's fees, the more money you have to divide between yourself and your spouse!

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They have been spotted on a number of occasions out in So Ho, near her apartment, and dining at Cipriani.ā€¯Schmidt was also linked to Danya Perry, chief of litigation and deputy general counsel to billionaire Ronald Perelman.

The latest woman to be associated with Schmidt is socialite Ulla Parker, ex-wife of Wall Street veteran Kevin Parker (who now runs Sustainable Insight Capital Management), the New York Post reported.

Marilyn Gale Vilyus, retired founding attorney of the firm, in the past conducted family law mediations and continues to be involved in the firm in an advisory capacity.

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Their marriage has been a source of speculation for years.