The firm Greenburg Traurig has received the honor entitled Lilli and Allan Shedlin given by Easter Seals of New York. The firm is being recognized for its hard work with the following: Easter Seals New York, Bronx Child Development Center, and its own project, the Community Service Employment Program (SCSEP). Easter Seals helps more than one million people living with autism and other disabilities.
Source: www.lawfuel.com
Goodwin Procter just received the honor of being ranked the fifth most active law firm for private equity and venture capital transactions in 2007. This was part of the annual guide created by Private Equity Analyst. This news comes soon after Goodwin Procter was named as one of the top 10 law firms for Buyouts & Venture Capital Investment and for Fund Formation, a survey conducted by Chambers USA.
Source: www.boston.dbusinessnews.com.com
Dinsmore & Shohl LLP and Chernesky, Heyman and Kress PLL are merging to create the second largest law firm in Dayton. Before their combined efforts, Dinsmore was the ninth largest, while Chernesky held the title as being the sixth largest. After the merge, the newly created firm will have a total of 47 lawyers. Other details are still being worked out, such as their location.
Source: www.bizjournals.com
Shearman & Sterling has increased its London associate salaries by 7 percent. There are multiple factors affecting this result, such as: how well the Shearman’s London office is doing and the firm as a whole (in terms of profit), and a desire to illustrate the value of its associates. Shearman & Sterling is the first big law firm to increase salaries this year.
Source: www.law.com
According to AmLaws 100 survey, most New York big law firms made history in 2007 in terms of profit. For instance, Wachtell, Lipton, Rosen & Katz made an outstanding $4.9 million, as compared to its $3.98 million in 2006. From the 100 law firms surveyed, 64 of them had over $1 million. After Wachtell, second and third place slots were filled by Cravath, Swaine & Moore and Sullivan & Cromwell respectively. The following firms also made the top ten: Simpson, Thacher & Bartlett; Cadwalader, Wickersham & Taft; Cahill Gordon & Reindel: Paul, Weiss, Rifkind, Wharton & Garrison; and Milbank, Tweed, Hadley & McCloy.
Source: www.law.com
Law firm Vinson & Elkins has enacted the plan of strengthening its New York office, as well as its presence abroad. Seven partners are to relocate to New York to join the capital martkets and M&A practice. Christopher Walker, previously at Linklaters, is now at Vinson & Elkin’s Hong Kong office. The firm is very enthusiastic about continuing to strengthen its offices, particularly in New York and London.
Source: www.legalweek.com
Not please with the new merger between Lord Bissell and Locke Liddell & Sapp, 7 partners have departed to form their own practice in Chicago. The new firm will represent insurance companies in litigation. So, where the new partners so unhappy? Ex-Partner Joesph Hinkhouse claims that the newly created firm pressured prior Lord Bissell lawyers to raise their billing rates by as much as 50 percent. This experience has become common when dealing with mergers, but instead of enduring, these 7 partners have took flight to create their own firm. Alongside Hinkhouse, the partners include: John Williams, Pat Walsh, Scott Ostericher, Rich McDermott, Laura McKay, and Sarah Dearing.
Source: www.chicagotribune.com
