Howrey is in advanced talks to acquire troubled intellectual property firm Day Casebeer.
Founded in 1998, Cupertino, California’s Day Casebeer Madrid & Batchelder is an intellectual property boutique with 27 lawyers.
The firm has been rocked by a discovery scandal in a patent case between client Qualcomm, and Broadcom. Five Day Casebeer lawyers were sanctioned in 2008 after Qualcomm failed to turn over crucial documents in discovery.
The acquisition of Day Casebeer will give Howrey 115 lawyers in San Francisco and Palo Alto.
Howrey LLP was founded as Howrey, Simon, Baker, & Murchison in 1956, and was the first national anti-trust law firm. It has more than 700 attorneys in 17 locations worldwide.
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Posted by Erik Even
on June 21, 2009. Filed under Home,Law Firm News.
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Law firms of all sizes are being much more selective about who makes equity partner. Gone are the days where doing good work and putting in your time is enough to get you to a profit sharing level. Today, equity partners almost always have to prove that they can contribute their share to the firm. So what does this mean for associates and how can a two-tiered partnership track be beneficial? With a two-tiered partnership structure, associates get more time to prove themselves and also more time to determine whether partnership is the right goal for them. Two-tier partnerships (non-equity and equity) exist so the firm can train and develop associates into equity partners. The non-equity track to partner at most firms is on average, 6 years long. [...]
May 16, 2013 Read More
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Anonymous
June 22, 2009 at 3:59 am
i think that its good that these companies are buy each other out. many jobs wont be lost, compared to if they had let the company wither away