Mayer Brown, which last week let go of 28 associates and 47 staffers, saw its ranks continue to thin this week with the loss of two partners.
The first is Peter V. Darrow, who was a partner at Mayer Brown for 25 years and most recently served as co-chair of its Latin America practice. He has joined the New York office of DLA Piper, where he will serve in its corporate finance practice. The other is Ron D. Franklin, who has left Mayer Brown to join the Boston office of Proskauer Rose.
Darrow represents issuers, underwriters and placement agents in cross-border securities offerings. Roger Meltzer, global chair of DLA Piper’s corporate and finance practice, said the addition “is the latest step in DLA Piper’s strategic expansion of the New York corporate and finance practice, as well as our cross-border practice in emerging markets.”
Proskauer Rose brought on Franklin as it looks to expand the senior debt component of its finance practices. He told the New York Law Journal that his departure was not related to any financial difficulties at the firm.
Mayer Brown reported a 14 percent decrease in revenue in 2009 and its headcount fell by 144 to 1,657.
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Posted by joshua
on April 16, 2010. Filed under Home,Law Firm News,Legal 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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