The co-chair of Kaye Scholer’s IP practice, Alan Fisch, who is also a member of the law firm’s executive committee said on Friday that he is leaving Kaye Scholer with another partner to set up a small IP boutique in Washington. The new law firm would be named Fisch Hoffman Sigler.
Fisch said in an interview, “We feel there’s an opportunity to be more nimble and provide a wider variety of fee structures to our existing and future client base.”
Of course, being ‘nimble’ is the key to survival for both experts and clients, as it brings down bloated fee structures and unnecessary establishment costs benefitting both lawyers and clients.
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However, departures have been going on at Kaye Scholer for some time. About four months ago, a group of five partners led by IP practice co-chair Leora Ben-Ami had left Kaye Scholer to join Kirkland & Ellis – though the reasons for departure of that group may not have been the same as that of Fisch. Fisch’s departure would leave Kaye Scholer with 51 IP attorneys including 22 partners.
Michael Solow, the managing partner of Kay Scholer said in a statement that Fisch had “always dreamed of one day running his own IP boutique firm – and he feels now is the right time to make that dream happen.”
The new firm would be opening on Oct 15 with eight lawyers with Kaye Scholer partner Jason Hoffman and senior associate Bill Sigler joining Fisch as co-founders.
Fisch, who joined Kaye Scholer in 2006 from Howrey is known to have a portfolio that included client companies like Barnes & Noble and Costco.
Posted by EmploymentCrossing
on September 22, 2012. Filed under 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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