(Courtesy photo) Over 30 Stroock Partners to Join Hogan Lovells as NY Firm's Prospects Appear Bleak
The partner moves from Stroock amount to more than half of its partnership, creating an even more bleak future for the New York law firm that was founded nearly 150 years ago.
October 27, 2023 at 04:49 PM
5 minute read
Law Firm Mergers
Hogan Lovells has agreed to hire more than 30 partners from Stroock & Stroock & Lavan, including firm co-managing partner Jeff Keitelman and the firm's prized real estate team, after the latter's attempts to combine with another firm have repeatedly fallen through.
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Michael G. Bongiorno, Andrew Scott Dulberg and Elizabeth E. Driscoll from Wilmer Cutler Pickering Hale and Dorr have stepped in to represent Symbotic Inc., an A.I.-enabled technology platform that focuses on increasing supply chain efficiency, and other defendants in a pending shareholder derivative lawsuit. The case, filed Oct. 2 in Massachusetts District Court by the Brown Law Firm on behalf of Stephen Austen, accuses certain officers and directors of misleading investors in regard to Symbotic's potential for margin growth by failing to disclose that the company was not equipped to timely deploy its systems or manage expenses through project delays. The case, assigned to U.S. District Judge Nathaniel M. Gorton, is 1:24-cv-12522, Austen v. Cohen et al.
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