Troutman Sanders has raised salaries yet again. The Atlanta firm was the city’s first to raise pay, but only to $125,000. Other firms quickly followed suit, but instead bumped their salaries up to $130,000 or even $135,000. In response, Troutman has matched the starting salary of $130,000; Rogers & Hardin joined Troutman at that level. Troutman has also increased its NY and Washington offices to the market rates of $160,000 and $145,000, respectively.
Source: www.law.com
San Francisco bankruptcy boutique McNutt & Litteneker has been hit hard by the downturn in bankruptcy business over the past couple years. Around the same time the firm started to lose its lawyers; it shrank from 10 full-time lawyers to only two – the two name partners. Three of the former associates moved to the San Francisco office of Philadelphia-based Schnader Harrison Segal & Lewis. The associates cited various reasons for their departures, from little opportunity for professional development to being underchallenged. Others saw a lack of mentoring as a problem.
Source: www.nylawyer.com
Pepper Hamilton experienced a good year in 2006, increasing its gross revenue, equity partner tier, revenue per lawyer (RPL), and profits per equity partner (PPP). The gross revenue increased by 12 percent from $231 million in 2005 to $259 million in 2006. Though the other measures experienced less growth, the firm claims to not be especially concerned about its PPP, focusing instead on its RPL. Pepper Hamilton has its sights set on expansion – there have been 15 lateral hires over the past 3 months. The firm is looking for attorneys for its Boston and NY offices, especially those with a specialty in intellectual property, tax, commercial litigation, or corporate law.
Source: www.nylawyer.com
Brian M. Rothery has joined Stroock & Stroock & Lavan’s Intellectual Property Practice Group as partner. Rothery was formerly a partner at Jones Day; prior to Jones Day he was a partner with Pennie & Edmonds. His practice handles litigation for federal patent and trademark claims, as well as state unfair competition and business tort claims. Stroock handles all aspects of intellectual property law and provides guidance to a variety of clients in the U.S. and overseas.
Source: www.businesswire.com
Latham & Watkins is one of several LA firms with strong 2006 numbers. The firm’s revenues rose by 15 per cent from $1.412 billion to $1.624 billion. Partner profits also increased by 16 per cent. Last year was also one of expansion for Latham, as the firm opened offices in Madrid and Barcelona and also added two partners to its German branch. LA firms Paul Hastings Janofsky & Walker and Gibson Dunn & Crutcher also reported good years.
Source: www.legalweek.com
International firm Chadbourne & Parke have added two partners to their renewable energy practice in LA. Edward Zaelke and Adam Umanoff, who came from the LA office of Morgan, Lewis & Bockius, focus on wind power and other alternative energy sources. Both attorneys are nationally recognized as leaders in alternative energy development. Based in New York, Chadbourne & Parke offers a wide range of legal services including but not limited to securities, project finance, corporate finance, energy, commercial and products liability litigation, special investigations and litigation, intellectual property, antitrust, insurance and reinsurance, environmental, real estate, employment law and ERISA, and government contract matters.
Source: www.lawfuel.com
Arriving in 2002, Perkins Coie has slowly built its Chicago office to 65 attorneys. Though still less than half the size of Latham & Watkins’ Chicago office, the Seattle-based firm is making steps to becoming a top player in the Windy City. Its most recent hires include two associates from Jenner & Block, as well as a patent litigator from Mayer, Brown, Rowe & Maw. Looking to expand, the firm hopes to grow to over 100 lawyers in the next 18 months.
Source: www.chicagotribune.com
After acquiring two new litigation partners from Squire Sanders & Dempsey, DLA Piper has announced the opening of a Phoenix office. The two partners, Mark Nadeau and Cindy Ricketts, will oversee the new office and be joined by four associates and two paralegals. The Phoenix office is DLA Piper’s 63rd; clearly in a period of growth, the firm also has plans to open in Oman and Munich.
Source: www.legalweek.com
Thanks to agressive lateral hiring, Linklater’s banking practice has grown from 100 associates and 16 partners at the beginning of the decade to 430 lawyers and 26 partners. The firm gained several attorneys from Wilde Sapte, as well as from Clifford Chance and Freshfields Bruckhaus Deringer. Though lateral hiring is an unusual strategy for growth for firms such as Linklater, it bode well for the firm, which has become one of the highest profile firms in the banking sector.
Source: www.thelawyer.com
Five partners from Mayer Brown’s New York office have made a move over to White & Case. All five are experienced in corporate finance, debt finance and high-yield debt offerings. Besides these new arrivals, White & Case has also hired seven new partners over the last three months. As for Mayer, sources within the firm tell us that this will result in some loss of business, but will result in a cultural improvement for those who had to work under the lead partner in the group.
Source: www.thelawyer.com
