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Small Law Firms Stay Under the M&A Radar
The Recorder
Even as the biggest M&A deals drop off a cliff, some lawyers who work on deals of a more modest size report that, so far, they have been busier this year than last year. A few at very small firms have even been moved to hire more staff and attorneys. Roger Royse says he believes that a network of referral sources that's grown since he opened in 2006 and an hourly rate of about $400 help his firm. "We are, usually, the least expensive lawyers in the room," he says. "In a recession, I think it can't hurt."
Small San Francisco Firm Looks Skyward While Expanding
The Recorder
For San Francisco law firm Renne Sloan Holtzman Sakai, which focuses on public and nonprofit clients, a two-lawyer addition last week was its first foray into airport work. Since its 2004 opening, Renne Sloan has grown to 24 lawyers. In the past year the firm has hired three senior associates and opened an office in Sacramento, Calif. Founding partner Louise Renne says there's more room to grow, particularly in the land use area, where the firm could add up to three lawyers before the year is over.
With Succession Planning at Law Firms, Inertia Is Not an Option
Accounting and Financial Planning for Law Firm
Turning over the reins of a law firm is an art form. A well-staged plan that allows for a seamless transition from current leaders to the next generation -- in both client relationships and management responsibilities -- is crucial to the health and longevity of your partnership. Consultant Phillip Bottari explains how law firms can transition client responsibilities and focus on management in order for the succession to go smoothly.
Facing Mandatory Retirement, Fox Rothschild's Chair Emeritus Heads for Conrad O'Brien
The Legal Intelligencer
After 26 years at Fox Rothschild, attorney Louis W. Fryman is leaving to join Conrad O'Brien Gellman & Rohn, a 35-lawyer litigation boutique, saying he decided to make the move because he was facing the prospect of mandatory retirement. When Fryman became managing partner of Fox Rothschild in 1985, the firm had 50 lawyers in one office. Fryman oversaw a period of significant growth, through mergers and acquisitions, and the firm now has 425 lawyers in 14 offices spread across seven states.
Despite Recent Moves, Laterals Still Not Common in Plaintiffs Firms
The Legal Intelligencer
The Legal Intelligencer recently spoke to attorneys from well-known plaintiffs firms to find out if they've noticed any recent trends in movement within the plaintiffs bar. Some law firm leaders said defections are rare among firms in the plaintiffs bar, while others said that they do happen but largely go unnoticed by most of the legal community. Still, there are those who feel plaintiffs attorneys have been moving more in recent years, if not necessarily by choice.
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