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Law Firms Battle for Real Estate Investment Trust Specialists
In the fast-growing, highly lucrative arena of real estate investment trusts, competition among law firms for established REIT practices is cutthroat -- and turnabout is fair play. Six weeks after its REIT practice was decimated by the departure of a 10-lawyer team from its Raleigh office, Alston & Bird earlier this month attempted to raid seven REIT practitioners from Morris, Manning & Martin. The firm netted two people -- but the intervening action may require a scorecard to figure out.D.C. firms sit out merger mania. But for how long?
All's quiet on the merger front for the time being in the nation's capital, but that could soon change. Here's a look at which D.C.-based firms are poised for a merger in the current market.Buchanan Ingersoll Bumps Pay to $125,000
Buchanan Ingersoll has become the latest Philadelphia firm to increase first-year associate salaries, moving from $115,000 to $125,000.Milan lost an estimated $100 million in a complex interest rate swap deal that it made with four banks in the run-up to the financial crisis. But the city fought back, becoming among the first municipalities to file criminal fraud charges against the banks under an Italian law that lets prosecutors file quasi-criminal charges against companies and their managers.
Sheila Birnbaum and Mark Cheffo made the big switch on Tuesday, becoming the latest high-profile additions to Quinn Emanuel's ever-growing roster of litigators.
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