From the WSJ Law Blog:
Irving Picard, who last week was tapped to liquidate the now-infamous Bernard L. Madoff Investment Securities LLC, has left Gibbons to join Baker Hostetler, bringing the firm a steady stream of trustee-related work. Picard is a favorite of SIPC — the Securities Investor Protection Corporation — which is responsible for picking trustees to handle brokerage liquidations…
Picard, who has been holed up in the Lipstick Building, where the Madoff firm is headquartered, joins several other former Gibbons lawyers, including David Sheehan, who all joined Baker earlier this year. “Irving’s depth of knowledge in complicated restructurings and experience as a trustee in major securities cases is widely recognized,” said Baker’s George Stamboulidis, who will become managing partner of the New York office at the start of next year, in a statement.
Cleveland’s Baker Hostetler is the 94th largest law firm globally, employing more than 600 attorneys.
Posted by Erik Even
on December 22, 2008. Filed under Law Firm News,Legal News.
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Departures from a law firm are complicated for any attorney, but for a partner the details can be quite intricate. Please note: First and foremost, the interests of your clients should be absolutely paramount. Consultation with existing ABA and state bar guidelines on firm transition is suggested. Below you will find a list of important considerations for partners when changing firms. You will also find suggested practices for maintaining relationships, as well as obligations from a legal and moral perspective. Before You Begin to Meet with New Firms It’s important to review any existing employment agreement with your former firm to make sure you are in compliance with all provisions (pay particular attention to provisions regarding notice). Practice discretion with your existing firm until you [...]
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