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DLA Piper has lured two San Francisco corporate and securities partners away from Reed Smith. Dale Freeman and Garth Osterman join the firm today. “The corporate and securities practice has been really active in the Bay Area, and we’ve been firing on all cylinders,” said David Gross, San Francisco managing partner at DLA. “Garth and Dale are going to be excellent additions to the team.” Freeman represents public and private companies, with a focus on the life sciences industry, in corporate matters ranging from M&A deals to financings and IPOs. Last year, he was a lead lawyer on medical device maker Volcano Corp.’s $58 million IPO. Freeman said he was drawn to DLA in large part because of its strong emerging companies and venture capital practice. Osterman represents investors and companies, focusing on M&A deals, divestiture transactions and project finance. “We’re going from a great place to a really great place,” said Osterman, adding that part of the draw was DLA’s global reach, especially in Eastern Europe, where the firm has offices and where he currently does a lot of work for clients. Freeman and Osterman said they would be bringing clients over to DLA, though they declined to name any. John Iino, who heads Reed Smith’s corporate and securities practice group from Los Angeles, said the loss won’t hurt his firm’s business that much. “We’re not overly concerned with the loss of any significant client relationships,” Iino said. “They’re good friends, and we wish them the best.”

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