Good morning everyone! Today is Friday, March 5, and here’s a quick look back at yesterday’s news… O’Melveny & Myers file a lawsuit against video game publisher Activision on behalf of game makers Jason West and Vince Zampella… Profits are steady but revenue is down at Drinker Biddle… A dozen companies pledge $30 million to law firms owned [...]
Continue reading...Friday, February 26, 2010
Debevoise & Plimpton report that gross revenue dropped 12% at the firm and profits per equity partner dropped even further due to poor economic conditions in 2009. Revenue dropped to $667.9 million and profits per partner dropped 16% to $1.87 million. These drops came on the heels of a decline in corporate work and the [...]
Continue reading...Wednesday, February 3, 2010
Cravath, Swaine & Moore informed incoming associates that some of them can begin their employment with the firm this fall, one year sooner than originally planned. Hiring partner Rowan Wilson said in an email, “those who have not yet committed to something else for 2010-11, if they are interested in starting at Cravath in2010, we [...]
Continue reading...Tuesday, February 2, 2010
Washington D.C. based firm WilmerHale has sent out inquiries to real estate brokers in New York City. The firm is looking for between 200,000 and 225,000 square feet of new office space. This is significantly larger than the space it currently occupies at Boston Properties’ 399 Park Avenue. At 399 Park Avenue WilmerHale occupies 163,000 [...]
Continue reading...Wednesday, January 20, 2010
Cadwalader, Wickersham & Taft reported a 28% increase in profits per partner for 2009, marking the first per partner increase for the firm since 2007. However, this increase may be attributed to an almost 21% loss in the number of equity partners in the firm and massive associate layoffs. Cadwalader had 61 equity partners at [...]
Continue reading...Wednesday, January 20, 2010
Brisbois Bisgaard & Smith have expanded their offices in New York City. The Los Angeles based firm signed a lease at 77 Water Street for 75,716 square feet of space. This new space is two times as large as their old location at 199 Water Street. The firm signed a 10 year deal with Goldman [...]
Continue reading...Tuesday, August 25, 2009
Proskauer Rose, which in July deferred its current Summer associates to Fall 2011, is also deferring its deferred 2009 incoming associate class in New York. The associates, who had already been deferred to March 2010, are now being pushed to November 2010. This move seems to affect only the New York office. Founded in 1875, Proskauer Rose, [...]
Continue reading...Monday, August 24, 2009
Loeb & Loeb, which laid off four corporate lawyers in July, has “suspended” its Summer associates program at its New York office. No program will be held in 2010, nor later until the firm announces otherwise. Loeb & Loeb says its associate recruitment will focus on attorneys who already have experience. Founded in 1909 in Los Angeles, [...]
Continue reading...Friday, August 14, 2009
Hughes Hubbard & Reed has expanded its bankruptcy practice in New York with two hires. Kathryn Coleman joins from Gibson Dunn, where she was a partner. She represents Chapter 11 debtors in possession, creditors’ committees, secured lenders groups, acquirers of distressed assets in and out of bankruptcy court, and equity stakeholders in connection with troubled investments [...]
Continue reading...Monday, August 3, 2009
Nixon Peabody, which in February laid off 56 attorneys and staff, has hired away two partners from McKee Nelson. Keith Krasney and Peter Morreale will head up Nixon Peabody’s securitization and structured finance team. Krasney will work out of New York City, while Morreale will set up shop in Washington DC. Nixon Peabody LLP is one of [...]
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Friday, March 5, 2010
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