McDermott Will & Emery announced today the formation of a Subprime & Credit Markets Practice Group, intending to address clients’ various needs arising from the repricings in the subprime debt markets. The group, comprised of 40 partners and 90 lawyers, is led by head of structured finance Thomas McGavin (New York) and by co-head of structured finance Nick Terras (London).
Source: http://www.mwe.com
Paul Hastings has had a second consecutive year of revenue and profit increase by 20 per cent or more. Chairman Seth Zachary reports that this increase is representative of his firm’s growth in the US, specifically in New York, and globally, particularly in London and Asia. Paul Hastings’ recent success means it has tied for second place, alongside Latham & Watkins, as being the second-largest and most-profitable California-originated firm.
Source: www.thelawyer.com
Law firm Epstein Becker & Green has announced that they will be consolidating their Texas practice to the Houston market, and thus will be closing their Dallas branch. The 13 attorneys housed in Dallas have been offered positions in the Houston office or in any Epstein Becker office they choose. Representatives of Epstein Becker say this move will strengthen and improve their Houston practice.
Source: texaslawyer.typepad.com
Chadbourne & Parke LLP will open a new Climate Change practice in order to address the legal and economical ramifications of the growing global warming crisis. This addition is primarily a response to clients’ environmental concerns. The group will be led by former New York Governor George E. Pataki and former Commissioner of the New York Department of Environmental Conservation John P. Cahill.
Source: www.earthtimes.com
John Finnegan, an insurance and reinsurance attorney, has quit his post as partner in Cadwalader, Wickersham & Taft’s New York office. Finnegan will soon join Chadbourne & Parke’s New York office.
Source: www.nylj.com
Failed merger talks between Reed Smith and Anderson Kill & Olick have led to a 55 attorney raid of the latter firm by the former. 43 of those attorneys will work in Reed Smith’s New York office with the rest spread between Philadelphia and Chicago. There are said the be no hard feelings between the firms despite the fact that Anderson Kill’s attorney count has been nearly cut in half.
Source: www.nylawyer.com
Holland & Knight has announced the hiring of a group of construction attorneys. Frederick Rohn, Harry Sacks, Henry Rosenzweig and Deborah Roth have all joined the firm’s New York office. They previously worked for Sacks Montgomery PC in New York.
Source: www.lawfuel.com
Akermann Senterfitt LLP has announced the acquisition of New York boutique firm Stadtmauer Bailkin LLP. This move will more than double Akermann Senterfitt’s New York office, mostly in the Real Estate practice.
Source: www.metrocorpcounsel.com
Mildred Quinone-Holmes, a Commercial & Public Finance attorney, has been hired by Thompson Hines’ New York Office. Quinone Holmes previously worked as in-house counsel for The Bank of New York. She joins Thompson Hines as Of Counsel.
Source: www.pr-inside.com
Rumors about New York firm Boies, Schiller & Flexner raising salaries yet again have been confirmed by a “knowledgeable source.” Industry insiders wonder if this will spark yet another salary-bump craze like the one seen in late summer. The firm has not publicly confirmed this rumor.
Source: www.abovethelaw.com
