In a report released on Thursday, profits per equity partner at firm Sonnenschein Nath & Rosenthal dropped 3% in 2009. Gross revenue remained flat. Profits per partner fell from $804,000 in 2008 to $780,000 last year. Gross revenue fell from $473 million in 2008 to $472.5 million in 2009. Despite this, Sonnenschein chair Elliott Portnoy [...]
Continue reading...Tuesday, December 15, 2009
There are two unconnected stories coming out of Sonnenschein today. The first is that the firm has made staff cuts 14 days before Christmas. The firm has confirmed the staff layoffs to abovethelaw.com but no details were provided on the number of staff cut. No associates were cut. The firm also laid out the outlines [...]
Continue reading...Wednesday, September 9, 2009
One week ago we reported on an unknown number of layoffs at Sonnenschein. Today we get word that the firm, whose name is German for “sunshine”, has let go of 10 income partners and as many as 20 other attorneys. No details yet on severance packages. The cuts came mostly in the real estate [...]
Continue reading...Tuesday, July 21, 2009
Lathrop & Gage has hired two Sonnenschein partners to launch its new Chicago office, its 11th — and plans “aggressive recruiting.” Blaine Kimrey will be managing partner in Chicago, joining Lathrop’s intellectual property practice. He is joined by associate Bryan Clark. The oldest law firm west of the Mississippi River, Kansas City, Missouri’s Lathrop & Gage provides [...]
Continue reading...Wednesday, June 10, 2009
Sonnenschein, which brought on three lawyers from Huron Consulting, has been sued by the Chicago-based firm, claiming the attorneys were illegally recruited. Huron seeks $30 million. The three lawyers are Sonnenschein health care managing director Nancy Freeman, compliance director Judy Ringholz, and Linda Robinson. The suit accuses Sonnenschein health care partner Lisa Murtha, a former Huron employee, [...]
Continue reading...Tuesday, May 26, 2009
Sonnenschein Nath & Rosenthal plans to cut associate salaries, beginning June 1st. First year salaries, previously a Biglaw standard $160,000, will be reduced to $145,000. Sonnenschein seeks to make associate salaries performance-based, and will create an associate-partner committee to work out the details. This year, the firm will have a merit-based bonus program; bonuses will be paid [...]
Continue reading...Wednesday, April 29, 2009
Philadelphia’s Morgan, Lewis & Bockius, which poached six partners from Sonnenschein Nath & Rosenthal earlier this month, has added two more partners and five associates from the Chicago-based firm. The team of health care attorneys will join Morgan Lewis’ Washington, DC office, where five of the previously hired partners will be based. Philadelphia-based Morgan, Lewis & Bockius [...]
Continue reading...Monday, April 6, 2009
Six partners from Sonnenschein have joined Morgan Lewis’ health care regulation practice. Joyce Cowan, Kathleen McDermott, John Rah, Albert Shay, and Howard Young are joining Sonnenschein’s Washington office, while Reece Hirsch is joining the firm in San Francisco. Sonnenschein has 18 lawyers in its FDA and health care regulation practice. Philadelphia-based Morgan, Lewis & Bockius LLP is a [...]
Continue reading...Friday, March 27, 2009
A group of five trusts & estates attorneys is defecting from Sonnenschein’s Los Angeles office to Seyfarth Shaw. The group is led by partner Alan Yoshitake, a resident in the business service group. Yoshitake is joined by Mark Hansen and Edward McCaffery, both of counsel, and two associates. Seyfarth Shaw employs over 750 attorneys located in nine [...]
Continue reading...Friday, February 27, 2009
(The misspelling in the title is intentional — read it aloud.) Partners at Chicago’s Sonnenschein Nath & Rosenthal voted today to shut the firm’s Charlotte, North Carolina office. The decision affects 11 lawyers and eight staff members. Sonnenschein chair Elliott Portnoy cited “local marketplace realities, the declining demand for legal services in the Charlotte legal and financial [...]
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Friday, January 22, 2010
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