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He was also Hillary Rodham's advisor during her years at Wellesley College and supervised her senior thesis; Susan Estrich's book The Case for Hillary Clinton mentions her experience also writing an honors thesis for Professor Schechter (at a different time).
After she joined the Rose Law Firm, Stephens employed the firm and engaged its partners — including the now-married Hillary Rodham Clinton, Vince Foster and Webster Hubbell — in several of his ventures.