Morgan & Finnegan Sees Mass Exodus

More than a dozen of Morgan & Finnegan’s 17 partners have been poached by rival Locke Lord Bissell & Liddell.  Former Morgan partners James Gould and John Sweeney are amongst those to join the firm. Gould will be the IP group’s Co-Head, and Sweeney joins as deputy managing partner in NY.  This may be the end of Morgan & Finnegan.

 

Source:  www.thelawyer.com

 

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Paul Hastings Immigration Team Immigrates

Paul Hasting has lost its immigration team to new venture BAL Global Corporate Immigration. Those leaving Paul Hastings include: Daryl R. Buffenstein, Deborah Marlowe, Bo Cooper and Kyle Sherman.  BAL Global will open seven US offices (Atlanta, Dallas, ouston, New York, McLean, San Francisco, and Washington D.C.) and employ over 325 professionals.

 

Source:  www.nylawyer.com

 

Tags:  Paul Hastings, LLP

Stroock & Stroock Makes Major Addition in Intellectual Property

The New York office of Stroock & Stroock  & Lavan LLP has added four lawyers to its Intellectual Property group.  The partners include: Partners Joseph Diamante, Ronald M. Daignault, Kenneth L. Stein and Special Counsel Richard H. An.  All newcomers are formerly of Jenner & Block.  The group had previously joined Jenner from Jones Day.  From the mere fact that this group has made their lateral moves together, it can be assumed that they are close-knit. 

 

Source:  www.marketwire.com

Tags:  Stroock & Stroock & Lavan LLP | New York

Bingham Increases PEP, Revenue

Bingham McCutchen has increased its profit per equity partner (PEP) by 6.4 percent.  In monetary figures, this equates to $1.42 million, up from 2007’s $1.335 million.  Its global revenue spiked from $743.5 million to $767 million, a 3.2 percent increase.

 

Source:  www.thelawyer.com

Cadwalader Suffers Another Defection

Yet another partner has left Cadwalader. Reinsurance attorney Clifford Schoenberg has left the firm for Mayer Brown, officially joining Monday, January 26. Cadwalader has suffered a few defections lately, including Bruce Zirinsky and John Bae, as well as seven London partners who were taken on by Paul Hastings.

 

Source:  www.thelawyer.com

Tags:  Cadwalader, Wickersham & Taft LLP

Linklaters Plans Mass Lay Offs in Near Future

Linklaters announced plans to lay off up to 70 partners and ten percent of associates.  This initiative, termed “Linklaters New World”, emphasizing a move to transform the firm into a smaller, tighter, and more profitable group.  No one has been let go as of yet, but attorneys in the Eastern European offices may be the most vulnerable.  With fewer attorneys, Linklaters will need to be more selective with clients.  By letting go of smaller clients, the firm frees up time and resources for larger, higher paying clients.

 

Source:  www.thelawyer.com 

Tags:  Linklaters LLP