JD Journal » lateral partners

Study: Lateral Partners Moving “Downstream”

Erik Even — Tue, 23 Jun 2009 16:48:09 +0000

A new study by management consultant firm KermaPartners reveals that increasingly, law firm partners are taking jobs with less profitable firms in search of job security.

KermaPartners examined 240 lateral partner moves at Am Law 200 law firms in Q1 2009. Seventy percent moved to firms with lower profits-per-partner.

In Q1 2008, 46% of lateral partners moved to firms with significantly higher profits-per-partner, the study showed.

Management consultancy firm KermaPartners is based in London, with offices in New York City and Toronto.

Greenberg Traurig Recruiting Lateral Partners

Erik Even — Fri, 19 Jun 2009 16:58:05 +0000

Since January, Greenberg Traurig has recruited 45 lateral partners, and plans to acquire more this year.

In 2008, the firm hired 51 lateral partners in the entire year.

The firm’s most recent acquisition is Paul Maher from Mayer Brown, who is founding the UK’s Greenberg Traurig Maher LLP.

Greenberg Traurig LLP is an international, full-service law firm with more than 1,800 attorneys and governmental affairs professionals in the US, Europe and Asia. The firm was selected as the 2007 USA Law Firm of the Year by Chambers & Partners.

Dreier Survivors Create Sports & Entertainment Practice

Erik Even — Mon, 06 Apr 2009 17:10:38 +0000

A pair of ex-Dreier attorneys is joining Hiscock & Barclay to found a new Sports & Entertainment Practice Area.

Thomas I. Mandelbaum was co-chair of Dreier LLP’s Entertainment Practice Area. Monika A. Tashman also joins the new group.

They were previously both partners at Selverne, Mandelbaum & Mintz.

The new practice area will be co-chaired by Mandelbaum and another partner, Robert J. Lanza. Mandelbaum, Tashman and Lanza are all based in Hiscock & Barclay’s New York City office.

This multi-disciplinary practice group also includes former professional athletes Tim Green and Jerry Meehan.

Hiscock & Barclay LLP, listed as a “Top 250 Firm” by The National Law Journal, opened its New York City office in September, with six attorneys. The 210-lawyer firm also has offices in Albany, Boston, Buffalo, Rochester, Syracuse, Toronto and Washington, DC.

The firm was founded in 1855.

Lateral Hiring Up 100% in London

Erik Even — Thu, 26 Mar 2009 16:52:36 +0000

Over five years, London firms’ hiring of lateral partners has almost doubled, from 42 hires in 2004 to 79 in 2008.

The data come from a Legal Week study tracking hiring at 33 US and UK firms’ London offices.

Orrick, Weil Gotshal, Arnold & Porter, Cleary Gottlieb, Cravath, and Skadden all brought on laterals.

On the other hand, Shearman & Sterling, Dechert and White & Case cut lawyers.