Saul Ewing has lost two partners to other firms recently. Suzanne Mayes left the firm after nearly 16 years to co-lead Cozen O’Connor’s public and project finance group. Domenic Pacitti left to rejoin his old firm, Klehr Harrison Harvey Branzburg & Ellers, as a partner in the bankruptcy practice. Mayes was attracted to Cozen because of the firm’s committment to growing the public finance practice and because of the opportunity for management there. Her practice is primarily based in Delaware, New Jersey, and Pennsylvania, and she mainly works with state and county agencies. Pacitti was a partner at Klehr Harrison from 1998 to 2001, when he was recruited by Saul Ewing. He kept in touch with his former collegues, and in mid-May decided to rejoin his old firm. Pacitti works out of both the Wilmington, DE and Philadelphia offices, and focuses his representation on the debtor side of restructuring deals.
Source: www.law.com
K&L Gates Combines D.C. Offices
Kirkpatrick & Lockhart Preston Gates Ellis has combined its two D.C. offices into one at 1601 K St. NW, the former home of Kirkpatrick & Lockhart Nicholson Graham. The 190,000 square foot office will house more than 200 lawyers and government affairs professionals. In the nation’s capital, the firm is known for its work in financial services, including an investment management practice and a mortgage banking and consumer credit group. The merger between Kirkpatrick & Lockhart and Preston Gates & Ellis created one of the largest public policy and lobbying practices in the U.S.
Source: www.news.moneycentral.msn.com
Morgan Lewis Raises CA Associate Pay
Morgan Lewis & Bockius is the latest to raise associate salaries to the $160,000 scale in California. Bingham McCutchen and Reed Smith are still holding out, and are likely to be the only other firms that might make the increase. Those two firms have profits high enough that could handle the raise, whereas lower profit firms like Littler Mendelson and Sedgwick probably will not match the rate. Thelen Reid and Townsend are two firms that could go either way with the raise.
Source: www.nylawyer.com
Stroock Loses Bankruptcy Partner to O’Melveny
Shannon Lowry Nagle has joined O’Melveny & Myers as a bankruptcy partner. She is the fifth partner to join O’Melveny from Stroock & Stroock & Lavan, after a four-partner group joined at the beginning of May. Nagle’s practice focuses on representing creditors in bankruptcy proceedings; she has also worked on Chapter 11 cases in automotive, retail, airline and telecommunications industries.
Source: www.nylawyer.com
Buchanan Ingersoll Recruits Seven-Attorney Team in CA
A seven-attorney team from Alhadeff & Solar (A&S) has joined Buchanan Ingersoll & Rooney in California. The A&S lawyers will add to Buchanan’s existing San Diego, Del Mar office, as well as adding an office in downtown San Diego and one in Temecula. The two name partners, Sam Alhadeff and Keith Solar, lead the team which includes two senior attorneys, three associates, and eight staff members. In the San Diego market, where Solar is based, A&S was known for handling business law, litigation, and water law matters. Solar is well-known for his work in water rights and the tuna industry. A&S’s practice in Temecula focused primarily on land-use and environmental law. Alhadeff’s work here deals with real estate development, entitlement, and conservation.
Source: www.earthtimes.org
DLA Piper Expands NY Capital Markets Team
Christopher Paci has joined DLA Piper as a partner in its New York office. The capital markets attorney was previously a partner at King & Spalding. Paci’s practice focuses on representing investment banks as well as issuers in a range of capital markets transactions. Roger Meltzer, DLA’a global corporate and finance chair, was responsible for recruiting Paci and expects more new hires in the near future.
Source: www.nylawyer.com
Quinn Emanuel Gains NY Lateral Partner
Quinn Emanuel Urquhart Oliver & Hedges gained a new partner in New York. Robert S. Loigman joined the firm from Friedman Kaplan Seiler & Adelman, where he was also a partner. Loigman specializes in hedge funds and securities litigation, and has represented the liquidators of failed hedge funds as well as investors in funds. He also has handled major insurance and employment law matters.
Source: www.nylawyer.com
NJ Firms First-Year Salaries
Where do New Jersey firms fit in the first-year associate salary increase race? In what follows are some of the highlights:
Latham & Watkins (Newark) and Drinker Biddle (Florham Park) top things out at $145,000. Ballard Spahr Andrews & Ingersoll (Voorhees); Flaster/Greenberg (Cherry Hill); and Proskauer Rose (Newark) are competitive at $130,000. Starting salary at McCarter & English (Newark); Lowenstein Sandler (Roseland); Gibbons (Newark); Sills Cummis Epstein & Gross (Newark); and Fox Rothschild (Princeton and Atlantic City) is $125,000.
Source: www.nylawyer.com
Dewey Ballantine Opens Charlotte Office
With the hiring of two former Dechert partners, Dewey Ballantine has expanded its financial services practice and opened a new office in Charlotte, NC. James R. Bryant III and W. Todd Stillerman will open the new office in the second-largest banking center in the U.S. Their structured finance practice focuses on structured real estate products and equity investments, including the representation of issuers and underwriters in commercial mortgage-backed securitization (CMBS) transactions, real estate CDOs and the securitization of other real estate interests, sale-leaseback, mezzanine financing, and syndicated finance transactions. Dewey has over 20 partners in its Structured Finance Group located in New York, Los Angeles, Washington D.C., London, Milan and Warsaw; the firm has hired 17 lateral partners since the beginning of April.
Source: www.carolinanewswire.com
Special Benefits Provide Extra Draw to Firms
Besides hiking up salaries, some law firms are coming up with other ways to improve retention and recruitment. These special perks are becoming increasingly more important in this market where lateral defections are commonplace and associate attrition is close to 80 percent by the time lawyers are in their fifth year of practice. Nixon Peabody started a matching contributions 401(k) plan for associates who have been with the firm for two years, something most firms only do for partners and administrative staff. DLA Piper implemented a program that reimburses its lawyers $2,000 for purchasing ($1,500 for leasing) a hybrid car. This program is all a part of the firm’s global sustainability initiative which began in January. Other firms like Alston & Bird offer services targeted at mothers like childcare, nursing rooms, or parking spaces for expecting mothers.
Source: www.law.com