Texas Takeaways: When More Than a Few Attorneys Change Firms
"Everyone recognized that some merger-related attrition was going to be part of our ultimate growth strategy and that a combination with an Am Law 50 firm would not appeal to some of our lawyers, particularly those who had elected to lateral over to a regional firm from a national firm," says Dallas attorney Michael Newman.
June 07, 2022 at 05:17 PM
3 minute read
I'm Kenneth Artz, and this is Texas Takeaways. We're always looking for feedback from our readers. Please send a note to [email protected] with ideas, questions or comments. We look forward to keeping in touch!
With two recent high-profile examples of a large number of Texas attorneys leaving their respective firms and decamping to Big Law destinations—Wilkie lost seven partners while Bowman and Brooke lost 10 lawyers—Texas Lawyer spoke recently with several industry observers, including Michael Newman, office managing partner at the Dallas office of Foley & Lardner, about what it means for your attorneys and how you can keep your law firm from being in a similar position. This is the first of a three-part series on that topic.
|What happened at your firm?
Newman: I've only worked at Gardere (now Foley) for the entirety of my career. We had several attorneys depart when we completed the Foley-Gardere merger four years ago. As we were contemplating and negotiating the merger with Foley, both sides expected that there were going to be partners who would not want to come along for the ride.
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