New Orleans-based Adams and Reese is moving into Florida with the defections of the Sarasota and St. Petersburg offices of beleaguered Ruden McClosky. About 23 lawyers and 27 staff are expected to join the now 280-lawyer Adams and Reese effective Jan. 1, both firms announced Wednesday. Hit hard by Florida's real estate market woes, Ruden's gross revenue dropped by 9 percent in fiscal year 2008. In June, the firm laid off eight associates and imposed an 18 percent pay cut, causing many attorneys to look for new homes.
Ruden McClosky Loses 2 Gulf Coast Offices to New Orleans Firm
Daily Business Review
December 4, 2009