Bracewell, Stroock Snag Partners From Duval & Stachenfeld
Bracewell has bolstered its New York office with a four-person team from Duval & Stachenfeld led by its longtime chair of litigation Allan Taffet, while Stroock & Stroock & Lavan landed Evan Hudson, co-chair of Duval & Stachenfeld's real estate capital markets group.
May 09, 2018 at 04:38 PM
4 minute read
Nearly half a dozen lawyers from New York-based Duval & Stachenfeld have recently left the roughly 70-lawyer real estate boutique for other firms.
Bracewell announced Wednesday its addition of Allan Taffet, a longtime head of litigation at Duval & Stachenfeld, along with fellow partners Keith Blackman and Joshua Klein. Duval & Stachenfeld associate Russell Gallaro has also joined Bracewell in the same capacity.
On Monday, Stroock & Stroock & Lavan touted its addition of Evan Hudson, co-chair of Duval & Stachenfeld's real estate capital markets group, as a corporate partner in New York.
Bruce Stachenfeld, a founding partner at Duval & Stachenfeld, said that he and others at the firm are “disappointed by the departure of our colleagues, who have been friends for many years. We sincerely wish our friends the best of success—they are good people and excellent lawyers.”
The four-lawyer team joining Bracewell represents individuals and corporations in the financial sector in litigating complex commercial and financial disputes involving real estate, securities and derivatives, as well as employment and noncompetition matters.
“We're ecstatic to be here,” said Taffet, who spent the past 16 years at Duval & Stachenfeld. “This was an opportunity that we were excited by for our clients and our practice.”
Taffet said that Bracewell's focus on financial services, as well as the firm's nationwide footprint and the depth of its litigation practice helped entice his team to come aboard. Stachenfeld said that Taffet, a friend and colleague for more than 40 years, had built one of the nation's top practices for Financial Industry Regulatory Authority work in the country. The benefits of going to a more general practice firm like Bracewell, he said, were clear.
“We are the pure play in real estate law. That is what we are,” said Stachenfeld about his firm, which in recent years has increased the salaries it pays junior lawyers in order to compete for talent with larger rivals. “Allan's team is the top FINRA practice. There just aren't synergies. I completely respect Allan's decision to leave for a firm like Bracewell that has better synergies for a FINRA practice than our firm.”
The addition of the Duval & Stachenfeld team comes a little more than a month after Bracewell brought on former Pillsbury Winthrop Shaw Pittman project finance partners Nicolai Sarad and Fernando Rodriguez Marin. Bracewell, which saw its gross revenue rise last year, to $278.7 million, has watched its New York office go through some changes in recent years.
The firm removed former New York City Mayor Rudolph Giuliani from its shingle in early 2016, almost a decade after he joined the Houston-based firm, following politically controversial comments reportedly caused some internal turmoil. Giuliani headed to Greenberg Traurig, where he recently went on leave after joining the legal team of President Donald Trump.
Over at Stroock, which saw its gross revenue dip last year, to $251 million, Hudson brings to the firm a practice focused on corporate and securities transactions for real estate investment trusts (REITs) and other real estate investment vehicles, including initial public offerings, follow-on equity offerings and private placements.
Hudson began his legal career more than a decade ago as an associate at Skadden, Arps, Slate Meagher & Flom. In 2011, he joined Proskauer Rose as an associate before heading to Duval & Stachenfeld four years later. Hudson was traveling Wednesday and unable for immediate comment about his decision to leave the firm, but he did release a statement about Stroock.
“Stroock has long been on my radar for the breadth and quality of its corporate and real estate work,” Hudson said. “Stroock represents top stakeholders at every point across the industry and its transactional, real estate and private funds services are all a terrific complement to my capital markets focus.”
Hudson's addition is just the latest lateral hire that Stroock has made in New York. In February, the firm hired former Kasowitz Benson Torres partner Daniel Fliman for its financial restructuring group.
UPDATE: 5/9/18, 10:50 p.m. EDT. Bruce Stachenfeld's comments have been added to this story.
This content has been archived. It is available through our partners, LexisNexis® and Bloomberg Law.
To view this content, please continue to their sites.
Not a Lexis Subscriber?
Subscribe Now
Not a Bloomberg Law Subscriber?
Subscribe Now
NOT FOR REPRINT
© 2024 ALM Global, LLC, All Rights Reserved. Request academic re-use from www.copyright.com. All other uses, submit a request to [email protected]. For more information visit Asset & Logo Licensing.
You Might Like
View AllAttorneys 'On the Move': McGuireWoods Hires Digital Healthcare Lawyer; Duane Morris Adds Corporate Partner
4 minute readKing & Spalding Adds Veteran Antitrust Litigator From White & Case in New York
3 minute readTrending Stories
- 1Infant Formula Judge Sanctions Kirkland's Jim Hurst: 'Overtly Crossed the Lines'
- 2Abbott, Mead Johnson Win Defense Verdict Over Preemie Infant Formula
- 3Guarantees Are Back, Whether Law Firms Want to Talk About Them or Not
- 4Trump Files $10B Suit Against CBS in Amarillo Federal Court
- 5Preparing Your Law Firm for 2025: Smart Ways to Embrace AI & Other Technologies
Who Got The Work
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.
Who Got The Work
Edmund Polubinski and Marie Killmond of Davis Polk & Wardwell have entered appearances for data platform software development company MongoDB and other defendants in a pending shareholder derivative lawsuit. The action, filed Oct. 7 in New York Southern District Court by the Brown Law Firm, accuses the company's directors and/or officers of falsely expressing confidence in the company’s restructuring of its sales incentive plan and downplaying the severity of decreases in its upfront commitments. The case is 1:24-cv-07594, Roy v. Ittycheria et al.
Who Got The Work
Amy O. Bruchs and Kurt F. Ellison of Michael Best & Friedrich have entered appearances for Epic Systems Corp. in a pending employment discrimination lawsuit. The suit was filed Sept. 7 in Wisconsin Western District Court by Levine Eisberner LLC and Siri & Glimstad on behalf of a project manager who claims that he was wrongfully terminated after applying for a religious exemption to the defendant's COVID-19 vaccine mandate. The case, assigned to U.S. Magistrate Judge Anita Marie Boor, is 3:24-cv-00630, Secker, Nathan v. Epic Systems Corporation.
Who Got The Work
David X. Sullivan, Thomas J. Finn and Gregory A. Hall from McCarter & English have entered appearances for Sunrun Installation Services in a pending civil rights lawsuit. The complaint was filed Sept. 4 in Connecticut District Court by attorney Robert M. Berke on behalf of former employee George Edward Steins, who was arrested and charged with employing an unregistered home improvement salesperson. The complaint alleges that had Sunrun informed the Connecticut Department of Consumer Protection that the plaintiff's employment had ended in 2017 and that he no longer held Sunrun's home improvement contractor license, he would not have been hit with charges, which were dismissed in May 2024. The case, assigned to U.S. District Judge Jeffrey A. Meyer, is 3:24-cv-01423, Steins v. Sunrun, Inc. et al.
Who Got The Work
Greenberg Traurig shareholder Joshua L. Raskin has entered an appearance for boohoo.com UK Ltd. in a pending patent infringement lawsuit. The suit, filed Sept. 3 in Texas Eastern District Court by Rozier Hardt McDonough on behalf of Alto Dynamics, asserts five patents related to an online shopping platform. The case, assigned to U.S. District Judge Rodney Gilstrap, is 2:24-cv-00719, Alto Dynamics, LLC v. boohoo.com UK Limited.
Featured Firms
Law Offices of Gary Martin Hays & Associates, P.C.
(470) 294-1674
Law Offices of Mark E. Salomone
(857) 444-6468
Smith & Hassler
(713) 739-1250