As a senior patent litigation associate at Simpson Thacher & Bartlett, Jeremy Pitcock was wooed by firms offering partnerships, $75,000 signing bonuses, and, on top of his partner paycheck, 5 percent of any business he helped generate. I was getting calls from recruiters all the time, Pitcock says. By the time he was a sixth-year associate, he was offered his first partnership. He turned it down, waiting for the firm with just the right mix of reputation and resources.
Last March, Pitcock, then an eighth-year associate at Simpson, found his match. He jumped to Kasowitz, Benson, Torres & Friedmanthe first time ever that Kasowitz has made a partner of an associate from another firm. Pitcock won’t say what Kasowitz did to sweeten the pot, but he clearly won’t be hurting for money. Average profits per partner at Kasowitz were $1.5 million in 2005. Pitcock’s move is already paying off for Kasowitz. Pitcock had been working on a patent case for JDS Uniphase Corporation and brought it with him. The company then chose Kasowitz over Simpson in a beauty contest for a patent infringement suit against Litton Industries, Inc.
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