If there is a firm model built for the dawning post-recession era, it’s probably a litigation boutique with low overhead and a flexible billing structure. That model has attracted two new converts: Steven Molo of Shearman & Sterling and Jeff Lamken of Baker Botts have announced that they’re leaving their firms to start up MoloLamken, which will have offices in New York and Washington, D.C.

Molo, 52, has been with Shearman for the last five-and-a-half years. Before that, he spent 18 years at Winston & Strawn, where he served on the executive committee. Recently, he’s represented Deutsche Bank against Donald Trump and persuaded federal prosecutors to drop charges against David Stockman, the former congressman and CEO of the now defunct auto parts supplier Collins + Aikman.

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