Cravath Launches Bankruptcy Practice with Lateral Partner Hire

Cravath, Swaine & Moore has started a bankruptcy practice with the hire of Richard Levin, a former partner with Skadden, Arps, Slate, Meagher & Flom. Prior to joining Skadde, Levin served as the general counsel, chief financial officer, and chief administrative officer of Whittaker, Corp. Several other firms like Skadden Arps, Kirkland Ellis, and Cadwalader, Wickersham & Taft have been building their bankruptcy practice in anticipation of an increase in insolvency work.
Source: www.law.com

Tags:  Cravath, Swaine & Moore LLP

McCarter & English Wants to Expand, but Chooses to Stay in Newark Office

Needing space for expansion, McCarter & English had been looking for a new home. The firm originally planned to move into Riverfront Center, a new 14-story building that was under construction near their current office, but delays in construction and an impending lease expiration forced them to look elsewhere. Ultimately, the Newark firm decided to take another 15-year lease at its current location, where it has been since 1990. The Riverfront office would have given McCarter & English 230,000 square feet; though the firm only has 143,000 now, there is an option for additional space, and renovations will be made.
Source: www.nylawyer.com

Tags:  McCarter & English, LLP

Steefel Levitt Attorneys Depart for Sheppard Mullin

Steefel, Levitt & Weiss has lost five more attorneys from its San Francisco land use practice. Partner L. Elizabeth Strahlstrom has joined Bingham McCutchen’s land use and development practice. Associates William Fleishhacker, Miriam Montesinos, Alexis Pelosi and Elizabeth Sibbett followed their fomer Steefel Levitt bosses, partners Judy Davidoff and Arthur Friedman, to Sheppard, Mullin, Richter & Hampton. Davidoff and Friedman joined Sheppard Mullin on April 2. Steefel Levin’s San Francisco office has lost six partners in the last year, and the attorney counts stands at 40, down from 80 in 2000.
Source: www.nylawyer.com

Tags:  Sheppard, Mullin, Richter & Hampton LLP

Latham & Watkins Adds Private Equity Partner in Munich

Dechert private equity partner, Volkmar Bruckner, was recruited by Latham & Watkins to join its Munich office. Bruckner is skilled in both corporate/M&A and private equity, giving Latham a fourth corporate partner in Munich. Latham opened its Munich office in January of 2006, and has built it up by recruiting star private equity laterals from other top firms. Dechert’s Munich office now has 12 lawyers, 10 of whom specialize in private equity or corporate law.
Source: www.thelawyer.com

Tags:  Latham & Watkins LLP | Germany

K&L Gates Hires Investment Management Partner, Former GC

Kirkpatrick & Lockhart Preston Gates Ellis has hired investment management partner, Edward G. Eisert, for its New York office. Eisert was formerly a general counsel for Franklin Templeton Investments, and he also served as senior vice president and corporate secretary of Franklin Templeton subsidiary Fiduciary Trust Co. International. At K&L Gates, Eisert will handle investment management, securities regulation, mergers and acquisitions and structured finance.
Source: www.law.com

Tags:  K&L Gates LLP | New York

Winston & Strawn Loses Attorneys to Two Firms

Winston & Strawn has been the victim of lateral recruitment recently, having lost three attorneys to two different firms. Olshan Grundman Frome Rosenzweig & Wolosky snagged partner Manes Merrit to launch an employee benefits practice. Barry Salkin is also joining Olshan Grundman’s new employee benefits team as of counsel. Corporate partner Marvin Miller was hired by Seyfarth Shaw; Miller deals with complex finance transactions including structured financings.
Source: www.law.com

Tags:  Winston & Strawn LLP

Troutman Sanders Scores Five New Partners

Atlanta-based Troutman Sanders has picked up five new corporate partners – two finance partners from King & Spalding’s New York and Atlanta offices and a partner each from Alston & Bird, Morris Manning & Martin and Hunton & Williams. Coming from King & Spalding and joining Troutman’s structured finance group are tax lawyer Philip Spector and corporate lawyer Craig Kline. Saba Ashraf joins the firm’s tax practice from Alston & Bird. Former Morris Manning & Martin attorney, Larry Schackelford, joins the securities and corporate governance group. Finally, Jeffery Banish joins Troutman’s employee benefits and compensation group from Hunton & Williams. Troutman Sanders now has 293 partners, almost 90 of which have been added just since the beginning of 2005.
Source: www.law.com

Tags:  Troutman Pepper Hamilton Sanders LLP | New York

Three More Firms Raised CA Salaries

Only a few days after three big California-based firms raised their CA first-year associate salaries to $160,000, three more firms have followed suit. Latham & Watkins; Gibson, Dunn & Crutcher; and Paul, Hastings, Janofsky & Walker all decided to bump up their starting pay for their CA offices. Now, all of California’s biggest and most profitable firms have matched the New York scale; smaller firms like Wilson Sonsini Goodrich & Rosati and Heller Ehrman have remained steady at $145,000. The explosion of pay raises has some big-firm clients worried and questioning whether these lawyers are actually worth what they are being paid.
Source: www.nylawyer.com

Tags:  New York

Hogan & Hartson Matches NY Pay Rate in D.C.

Hogan & Hartson announced today that it is bumping up its starting salary in Washington, D.C. to $160,000. The raise comes in reponse to the rash of pay increases that California firms have implemented over the past two weeks. Though many New York and national firms already applied the NY market rate ($160,000) to their NY offices, Hogan & Hartson is the first Washington-based firm to do so. Most likely, other firms will follow its lead soon.
Source: www.nylawyer.com

Tags:  New York

Bryan Cave Adds Four Laterals, Starts Private Client Practice in D.C.

Bryan Cave has added four lateral attorneys to launch a private client practice in its Washington, D.C. office. The private client group counsels and represents a wide range of clients such as individuals, families, closely held businesses, and trust and charitable institutions. Partner Mary Ann Mancini, Counsels Susan Blumenthal and Tanya Harvey and Associate Jordan Ware all join Bryan Cave from the D.C. office of a national firm. Mancini deals especially with estate and business planning and taxation; she has been recognized nationally for her expertise in issues involving compensation-related benefits. Bryan has close to 800 lawyers in 13 offices around the world.
Source: www.lawfuel.com

Tags:  Bryan Cave Leighton Paisner LLP