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.





 

BCG FEATURED JOB

Locations:

Keyword:



Search Now

Senior Antitrust Associate Attorney

USA-CA-San Diego

San Diego office of our client seeks Senior Antitrust Associate Attorney with 7 years of experience....

Apply Now

Senior Antitrust Attorney

USA-WA-Seattle

Seattle office of a BCG Attorney Search Top Ranked Law Firm seeks Senior Antitrust Attorney with 9 y...

Apply Now

Patent Attorney

USA-DC-Washington

Washington, D.C. office of a BCG Attorney Search Top Ranked Law Firm seeks Patent Attorney with 1 ye...

Apply Now

RELEVANT JOBS

Closing Attorney

USA-NC-Cherokee

The Uptown Law Firm is seeking Attorney to handle real estate transactions on a per-file basis throu...

Apply now

Family Law Attorney

USA-WA-Everett

EXCEPTIONAL FAMILY LAW ATTORNEY McKinley Irvin is looking for an exceptional family law attorney ...

Apply now

Associate Attorney - Construction Litigation

USA-PA-Lancaster

Woolford Kanfer Law is a busy business law and litigation boutique in Lancaster, Pennsylvania that s...

Apply now

Title Underwriting Paralegal

USA-SC-Greenville

Opening available for a Title Underwriting Paralegal with a law firm in downtown Greenville.  M...

Apply now

Most Popular

SEARCH IN ARCHIVE

To Top