Lowenstein Sandler is launching an office in Silicon Valley. The branch will be led by Kathi Rawnsley, previously at Intel Capital for the last nine years. Lowenstein currently has offices in Boston and New York with 275 attorneys.
Source: www.nj.com
Clifford Chance has hired Robert Villani to join its New York office as Partner. Villani joins the financial products department from Thacher Proffitt & Wood. Prior to Thacher, Villani was a partner at Fried Frank Harris Shriver & Jacobson.
Source: www.thelawyer.com
Sutherland Asbill & Brennan has dropped the last two names to become merely: Sutherland. The firm will keep the name in its entirety for legal proceedings, but wishes to be called Sutherland for everyday purposes. The firm has also launched a website, Sutherland.com to reinforce the new brand. The firm is following suit of many other law firms desiring to be nicknamed. For instance, Skadden, Arps, Slate, Meagher & Flom, and Orrick, Bingham and Dechert have both adopted shortened names. It seems that big firms are realizing that mouthfuls are not necessarily very memorable.
Source: www.law.com
Sullivan & Cromwell ranked the best in its category for the “Best Adoption-Friendly Workplaces”, a list compiled by The Dave Thomas Foundation for Adoption. Sullivan was compared to other businesses pertaining to consulting, accounting, and legal services. Why did the firm rank so well? It may have something to do with its policy allotting $7,500 and 18 weeks of paid leave per adoption.
Source: www.lawfuel.com
Orrick Herrington & Suttcliffe has recently snagged one from Heller Ehrman. Richard Martin leaves his position at Heller as managing partner of its New York office to join Orrick as a partner in New York. His expertise will boost the dispute resolution and white collar crime practice.
Source: www.thelawyer.com
Eversheds has seen both its revenues and average profit per partner (PEP) increase by 10 per cent. The double-digit growth means the firm sees its turnover increase from £356m to £390m, as PEP rises by £50,000 from £502,000 to £552,000. Its net profit, which last year stood at £72.5m has grown by seven per cent to £77.6m. In comparison with last years 20 percent PEP, of course 10 begins to not look so good. But when considering the credit crunch, this year’s figures are nothing to ignore.
Source: www.thelawyer.com
The law firm Lovells has reported a 13 percent increase in revenues for the 2007-2008 time period. This takes them from a prior revenue of £425m to this year’s £479m. Their average profit per equity partner (PEP) has boosted 10.5 percent, from £599,000 to £662,000. Asia and the Middle East can take credit for a whopping 6.5 percent of the total revenue.
Source: www.thelawyer.com
Bracewell & Giuliani has re-hired Rebecca J. Rentz to work in its Environmental Group. Rebecca will be joining the Houston office as Counsel. Prior to her last employment with the Texas Commission on Environmental Quality, Rebecca worked at Bracewell for 5 years as an associate in the environmental group. Welcome back Rebecca.
Source: www.pre-news.com
A&O has lost its corporate head in the Italy office. Paolo Cerina has quit A&O for Babcock & Brown. A&O is now left with 6 corporate partners among its two Italian offices in Milan and Rome.
Source: www.thelawyer.com
Law firm Paul Hastings has repudiated accusations that they are laying off attorneys. Instead of layoffs, the firm has replied that they did let a few attorneys go, but because of performance reviews, not economic reasons. An email to a Paul Hastings associate from previously fired Shinyung Oh was recently leaked. Oh says that she was notified that she needed to improve a week prior to her performance review. Her 2006 review actually states that her performance was at or above expectations. For these reasons, Oh believes that the firm is laying off associates for economic reasons and performance reviews are being used to hide this fact. Paul Hastings denies these accusations and says that last year’s numbers are relatively close to this years.
Source: www.legalweek.com
