Home

Did Lawyer Defections Kill Firm?
Download PDF
1 Star2 Stars3 Stars4 Stars5 Stars (No Ratings Yet)
Loading...

Nine years after a 14-lawyer exodus led to the demise of a prominent bankruptcy firm, the partners left behind are finally getting their day in court.

An Essex County judge has scheduled an April trial in a suit charging that Roseland, New Jersey’s Lowenstein Sandler violated fair business practice rules and stole financial secrets in poaching the lawyers from Ravin, Sarasohn, Cook, Baumgarten, Fisch & Rosen, also in Roseland.

Within a month of the February 2000 defections, the remaining 50 or so attorneys and support staff scattered, leaving behind a shell firm that is seeking damages.

  
What
Where


The 260-lawyer Lowenstein Sandler, the state’s second-largest firm, denies it violated any legal or business ethics guidelines on the hiring of laterals. The firm says Ravin Sarasohn was in dire financial straits well before Lowenstein Sandler made the offers.

The suit alleges Lowenstein Sandler induced three equity partners to break a provision of the Ravin Sarasohn partnership agreement that required a 60-day notice of withdrawal. It also claims Lowenstein Sandler schemed to “steal confidential Ravin, Sarasohn financial information” to target and solicit key attorneys.

Lowenstein Sandler, formerly Lowenstein, Sandler, Kohl, Fisher & Boylan, is a corporate law firm ranked 161st largest in the US in terms of attorney headcount, and 84th in profit per attorney by the AmLaw 200.

Get JD Journal in Your Mail

Subscribe to our FREE daily news alerts and get the latest updates on the most happening events in the legal, business, and celebrity world. You also get your daily dose of humor and entertainment!!




The firm maintains offices in Roseland, New Jersey; Boston, Massachusetts; New York City, and Palo Alto, California.





 

Interesting Legal Sites You May Like


BCG FEATURED JOB

Locations:

Keyword:



Search Now

Corporate, Mergers and Acquisitions and Securities Associate Attorney

USA-NY-New York City

New York City office of our client seeks corporate, mergers and acquisitions and securities associat...

Apply Now

Business Litigation Attorney

USA-CA-Santa Monica

Santa Monica office of our client seeks business litigation attorney with 1-3 years of experience. T...

Apply Now

Intellectual Property Litigation / Enforcement Associate Attorney

USA-CA-San Francisco

San Francisco office of our client seeks intellectual property litigation / enforcement associate at...

Apply Now

Health Industry Advisory Associate Attorney

USA-CA-Los Angeles

Los Angeles office of our client seeks health industry advisory associate attorney with 3-5 years of...

Apply Now

RELEVANT JOBS

Litigation paralegal

USA-TX-Dallas

We are looking to immediately hire a responsible, highly organized, self-motivated litigation parale...

Apply now

Attorney

USA-TX-Dallas

Associate Attorney – 7 to 10 Years’ Experience - Dallas/Fort Worth   ...

Apply now

Associate Attorney

USA-TX-Dallas

Associate Attorney – 3 to 5 Years’ Experience - Dallas/Fort Worth   ...

Apply now

Litigation Attorney

USA-TX-Dallas

Litigation Attorney   Dallas, TX One of Texas\' largest Personal Injury Law Firms se...

Apply now

SEARCH IN ARCHIVE

To Top