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Firms Act to Keep Partners From Jumping Ship
Lateral movement of partners and practice groups has increased among big firms in recent months, and the growing trend has firms trying a variety of approaches to foster loyalty. Giving partners a vote in all "material initiatives" is critical, says one administrative partner: "If you all know where the ship is headed, you're more eager to get on the oars and take it there." But, as firms become larger and reflect a more corporate structure, issuing an oar to every partner seems to be getting tougher.
Datte to Fill Transactional Need As a Partner at Post & Schell
Post Schell continues its focus on building a well-rounded health law practice, with the latest addition bringing a transactional twist to the litigation-heavy firm. Barley Snyder Senft Cohen partner Deborah A. Datte, the former vice president and general counsel at Crozer Keystone Health System, joined the firm last Thursday.Ballard Spahr White-Collar Chairman Joins Morgan Lewis
Just a few months after losing white-collar rainmaker Michael Holston to Hewlett-Packard, Morgan Lewis & Bockius is bringing on another major player in the white-collar defense bar. Eric Sitarchuk, chairman of Ballard Spahr Andrews & Ingersoll's white-collar litigation group, joined Morgan Lewis on Monday. This is the second coup for Morgan Lewis in the white-collar arena in the past two years. The firm brought on 14 attorneys from Drinker Biddle & Reath's white-collar and class action groups in 2005.Montgomery McCracken Raising Starting Salary to $125K
Montgomery, McCracken, Walker & Rhoads will raise the starting salary for first-year associates to $125,000, citing the "need to stay competitive for the best and the brightest," says Chairman Stephen Madva. Montgomery McCracken says it's in a growth mode and that its merger with Crawford Wilson & Ryan at the end of May would probably not be the last. The 170-lawyer firm is looking to grow to "comfortably over 200 attorneys," Madva has said.Lock-up Ruling Roils Bankruptcy Bar
When a Delaware judge threw out some creditor votes in favor of bankrupt NII Holdings Inc.'s reorganization plan, she sent reverberations through the bankruptcy bar. The ruling challenges a common practice in so-called lock-ups, which are agreements meant to capture prepetition support of key creditors to help debtors build reorganization plans after Chapter 11 filings.An Evolving World for Corporate Law
Local white-collar criminal defense attorneys will be watching closely as the trial for Rite Aid's former vice chairman and chief counsel, Franklin C. Brown, begins today in the U.S. District Court for the Middle District of Pennsylvania.Trending Stories
- 1BD Settles Thousands of Bard Hernia Mesh Lawsuits
- 2The Law Firm Disrupted: For Big Law Names, Shorter is Sweeter
- 3First Lawsuit Filed Alleging Contraceptive Depo-Provera Caused Brain Tumor
- 4The 'Biden Effect' on Senior Attorneys: Should I Stay or Should I Go?
- 5Elder Litigators Confront Tough Questions in Last Act of Careers
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