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Mayer Brown Says 'Goodbye' to 45 Partners |
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Saturday, 03 March 2007 |
Chicago-based firm, Mayer, Brown, Rowe & Maw, has de-equitizated 45 of its partners, or around 10 percent of its total. Sources report that most of the terminated partners were in the U.S., but the firm is remaining quiet on the details. The restructuring comes despite a strong financial year in 2006; according to the firm, the changes were made to "enhance the firm's position among the world's leading law firms." Rival Chicago firm Sidley Austin's decision to de-equitize 32 partners in 2000 is currently under scrutiny by the Equal Employment Opportunity Commission, which claims the termination was a result of age-discrimination. Firms that downsize in this manner usually do so to increase profits per partner and attract and keep money-making partners.
Source: www.law.com |
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Ten New Partners at Baker & McKenzie |
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Saturday, 03 March 2007 |
Baker & McKenzie named ten new partners in its Chicago office, bringing its total number of partners in the office to 109. Narendra Acharya and Tom Hurka are partners in the Employment and Compensation group; Michael DeFranco, Tomas Man, and Helen Mantel are Corporate and Securities attorneys; Erin Maus and Shima Roy are partners in the Litigation practice; Michael Donovan and Erika Schechter made partner in the firm's Tax group; and Doug Sanders is a part of the Environmental team.
Source: www.lawfuel.com |
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Reed Smith Combines with Sachnoff & Weaver |
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Friday, 02 March 2007 |
After combining with mid-size Chicago firm Sachnoff & Weaver, Reed Smith has made Chicago the site of its 21st office. Sachnoff added 130 attorneys to the firm, pushing its numbers to 1,500 lawyers firmwide. Back in January, Reed Smith also combined with London-based Richards Butler, adding 300 and creating new practice groups in Shipping, Energy, and Trade & Commodities. Reed Smith is one of the largest 15 law firms in the world, and projects its annual revenues to be about $900 million.
Source: www.prnewswire.com |
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Jenner & Block Introduces Green Practice |
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Friday, 02 March 2007 |
Jenner & Block has launched its new Climate and Clean Technology Law practice. Co-chaired by partners Robert L. Graham and Gabrielle Sigel, prominent environmental law attorneys, the practice will counsel clients on legal issues surrounding climate change and other energy-related matters. The firm already represents big-players in the energy and green technology industries, and is positioned to address the interests of large established companies, as well as start-ups.
Source: www.prnewswire.com |
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Morgan Lewis Hires in Tokyo |
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Friday, 02 March 2007 |
Morgan Lewis & Bockius acquired a new partner from Paul Weiss Rifkind Wharton & Garrison for its Tokyo office. Lisa Yano joins the team as a co-managing partner and co-head of the firm’s local joint venture, Morgan Lewis-TMI. Yano focuses her work on M&A and private equity transactions; she has practiced in Tokyo for over 15 years. Opened in 1998, Morgan Lewis' eight-lawyer Tokyo office now has five partners.
Source: www.legalweek.com |
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North Carolina Firm Opens in Charlotte |
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Friday, 02 March 2007 |
Smith Moore has opened a new office in Charlotte, NC. As a leader in the Southeast, opening an office in North Carolina's biggest city was of strategic importance to the firm. Attorneys from the firm's Greensboro office will comprise the litigation practice, and two corporate lawyers from Morris Manning & Martin were laterally hired; there will be a total of eight lawyers for the office's opening. Smith Moore has over 115 attorneys in four NC offices and one in Atlanta.
Source: www.carolinanewswire.com |
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Corporate Practices Prepare for Fall in Business |
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Friday, 02 March 2007 |
Though there has been a booming market for corporate lawyers, a recent stock market fall provided a reality check for some. Memories of the lay-offs that occured after the demise of the dot-com have forced firms to consider their hiring practices more carefully. Firms are hiring with much more selectivity, and focusing on diversifying their corporate practices. For some this means adding new practices, for others it means adding firms or merging.
Source: www.law.com |
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Jenkens Closes in San Antonio - Ten Join Jackson Walker |
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Thursday, 01 March 2007 |
Ten lawyers from Jenkens & Gilchrist's San Antonio office have joined Jackson Walker's central Texas office. Four of the lawyers join as partner, one as of counsel, and the remaining five are associates. Two other attorneys from Jenkens are moving to Winstead's San Antonio office. With the new additions, Jackson Walker's office now has 30 lawyers. The decision to close Jenkens' San Antonio office was made in January, and comes after the closing of the firm's Houston and LA offices.
Source: www.law.com |
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Lateral Hires at European Firms |
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Thursday, 01 March 2007 |
Stibbe has recruited finance partner Ivan Peeters from Freshfields Bruckhaus Deringer to join its Brussels office. Peeters will be Stibbe's first dedicated finance partner, with a practice focusing on securitization work. The firm's Brussels office has made two other lateral hires within the past year, while Freshfields on the other hand, has lost several partners recently to other firms. In Germany, Haarmann has hired two new corporate partners, pushing its numbers up to 17 lawyers. Joern Hirschmann joins from Fried Frank Harris Shriver & Jacobson, and former Allen & Overy (A&O) senior associate Holger Erwin has moved as well. Another independent German firm, Georg, recently acquired a five-lawyer public law team from Clifford Chance's Frankfurt office.
Source: www.legalweek.com
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Williams Mullen and Maupin Taylor Merge |
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Thursday, 01 March 2007 |
Williams Mullen, Virginia’s third largest law firm, and North Carolina-based Maupin Taylor, P.A. announced today that they have merged. With 300 attorneys, the combined firm is now one of the largest in the Southeast, and has offices in Raleigh, Research Triangle Park and Wilmington, N.C.; Charlottesville, Newport News, Norfolk, Portsmouth, Richmond, Tysons Corner, and Virginia Beach Va.; Washington, D.C.; and London. The firm's name will remain Williams Mullen, and Joey Smith continues to serve as the chairman and CEO.
Source: www.triangle.dbusinessnews.com
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IP Partner Hired at Crowell & Moring |
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Thursday, 01 March 2007 |
Kathryn L. Clune has joined Crowell & Moring's Litigation Group and Intellectual Property Group as a partner in Washington, D.C. Previously employed by Greenberg Traurig, Clune offers 14 years of litigation experience to clients with patent infringement concerns spanning a wide variety of technology industries including electrical, mechanical, and software. Crowell & Moring has close to 350 attorneys practicing in more than 45 areas of law. Based in Washington, D.C., the firm also has offices in California, New York, London, and Brussels.
Source: www.lawfuel.com
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DLA Patent Litigators to Receive $160,000 |
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Thursday, 01 March 2007 |
When deciding their recent pay increases, DLA Piper set patent litigators on a different scale than other associates. First year patent litigators are put on the $160,000 pay scale while other associates in California receive the standard $145,000. Patent litigators often have science or engineering degrees, and are in high demand with clients who are willing to pay high rates for their services. As a result, many firms already offer these attorneys higher compensation, often through bonuses or other means. Though DLA has always rewarded attorneys with a technical or science background, the firm decided to increase its starting pay after competitors such as Fish & Richardson raised salaries to $160,000.
Source: www.law.com |
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Four Laterals Join Winston & Strawn |
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Thursday, 01 March 2007 |
Four litigators have joined the New York and Los Angeles offices of Winston & Strawn. Jeffrey P. Rosenstein, Robert J. Saville and Kenneth D. O'Reilly have joined its New York office, and Rebecca L. Calkins joins the firm's Los Angeles office. All four attorneys were formerly with Thelen Reid Brown Raysman & Steiner LLP; they follow a group of eight lawyers that moved to Winson in February. Joining as partner, Rosenstein focuses on construction, infrastructure, and engineering matters. Saville will be of counsel, dealing with a variety of commercial litigation and abitration issues. The other two attorneys join the firm as associates.
Source: www.lawfuel.com |
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Schiff Hardin Snags Four Employment Lawyers from Epstein Becker |
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Wednesday, 28 February 2007 |
Four transactional lawyers from Epstein Becker & Green have joined the Atlanta office of Chicago-based Schiff Hardin. The group specializes in the design and implementation of Employee Stock Ownership Plans and leveraged ESOP transactions. Preston C. Delashmit and Robert E. Lesser join as partners, and Randolph R. Smith Jr. and Danielle R. Doerhoff join as associates. Schiff Hardin's Atlanta office opened in 2003; the firm also has offices in Washington, New York, and San Francisco.
Source: www.law.com |
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News Hires for Heller Ehrman in D.C. |
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Wednesday, 28 February 2007 |
Heller Ehrman welcomed two new additions to its Washington office. Maureen F. Browne and Johnny Cheng-Teh Chiu have joined the firm’s Intellectual Property Practice Group as shareholders. Both lawyers come from Washington, D.C.-based firms where they practiced intellectual property law – Browne from Adduci, Mastriani & Schaumberg, where she was a partner, and Chiu from Powell Goldstein, where he was a partner. The two attorneys will be valuable to Heller for their expertise in litigating IP disputes, including Section 337 proceedings before the U.S. International Trade Commission; their presence significantly strengthens the firm's ITC and Asia practices.
Source: www.lawfuel.com |
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Atlanta Pay Raise for Sutherland |
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Wednesday, 28 February 2007 |
Atlanta firm, Sutherland Asbill & Brennan, has raised starting salaries from $115,000 to $130,000. The firm has already raised pay in New York to $160,000 and in Washington to $145,000. The firm has not decided whether this $15,000 raise will affect all associates, or whether a raise will be implemented class-by-class. Sutherland's pay increase comes on the tails of that of other big Atlanta firms like Troutman Sanders, Alston & Bird, King & Spalding, and Powell Goldstein.
Source: www.dailyreportonline.com |
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Wednesday, 28 February 2007 |
The Dallas office of Bracewell & Giuliani has added two new partners. Bruce A. Cheatham and Brice E. Tarzwell have joined the firm's corporate and securities practice. Connie S. Stamets has also joined the firm as counsel. All three of the new hires came from the Dallas office of Winstead P.C., where Cheatham was the head of the corporate and securities group. Bracewell & Giuliani has 400 lawyers in New York, Texas, Washington, D.C., Kazakhstan and London.
Source: www.lawfuel.com |
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Sutherland Asbill Recruits High-Profile Blank Rome Litigator |
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Wednesday, 28 February 2007 |
Sutherland Asbill & Brennan has hired high-profile litigator William R. Martin to head its white-collar criminal defense practice. Martin comes from the Washington office of Blank Rome, and has represented a number of athletes, politicians, celebrities and corporate executives. His clients have included NBA players Jayson Williams and Allen Iverson, former White House intern Monica Lewinsky and the parents of murdered federal government intern Chandra Levy. Martin listed Sutherland's tax practice, as well as its securities, litigation, and financial services practices as reasons for his move.
Source: www.law.com
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Cahill Partner Leaves for DLA Piper |
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Tuesday, 27 February 2007 |
Former Cahill Gordon & Reindell partner, Roger Meltzer, joined DLA Piper as the head of corporate finance. Taking with him a $20 million book of business, his presence will be missed at Cahill, where he worked for 29 years. Meltzer assured that he moved seeking new challenges, not because of any problems with his previous employer. DLA Chairman Frank Burch commented that the hire will help to expand the firm's M&A and capital finance practices; Meltzer will also work to recruit new corporate attorneys.
Source: www.law.com |
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Jenkens Continues Shrinking with Loss in L.A. |
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Tuesday, 27 February 2007 |
Dallas-based firm Jenkens & Gilchrist has shrunk from 600 lawyers in 2001 to less than 200. Over the past few years the firm was sued by former clients over improper tax shelter advice and has been strategically downsizing in response. Its most recent move was the handing over of its entire 19-lawyer L.A. office to Baker Hostetler. Jenkens also moved most of its Chicago office, about 15 IP lawyers, to Nixon Peabody this week. It is also rumored that some of Jenkens' Dallas lawyers might join Hunton & Williams.
Source: www.law.com |
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