A prominent Miami attorney and banker is suing Squire Sanders & Dempsey, which merged with Steel Hector & Davis, claiming that it owes him more than a half-million dollars under his partnership arrangement.
Raul Valdes-Fauli, who was an equity partner at Steel Hector from 2000 until 2005, left the firm two weeks before the merger. The breach of contract suit filed in Miami-Dade Circuit Court names Steel Hector; Squire Sanders; Alvin B. Davis, the former Steel Hector managing partner and now the Miami managing partner of Squire Sanders; and eight other lawyers who were on Steel Hector’s board of directors at the time of the merger. Steel Hector and Cleveland-based Squire Sanders merged in 2005.
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