Dechert, an Am Law 100 firm that has been on a lateral partner hiring tear this year, announced Thursday its hire of Noah Leibowitz, making the intellectual property and life sciences litigator the second former Simpson Thacher & Bartlett partner it has recruited since May.
The addition of the New York-based Leibowitz, who made partner at Simpson Thacher in 2011, comes amid a series of broader moves in Dechert’s life sciences and IP practices.
Last month the firm announced its hires of IP and life sciences litigators Chad Davis and Katherine Helm from Goodwin Procter and Simpson Thacher in Boston and New York, where they were previously a partner and counsel, respectively.
That followed a pair of group departures in April from Dechert’s corporate life sciences practice in Europe. Goodwin Procter hired four Dechert partners to launch a European corporate life sciences practice, and then McDermott Will & Emery lured another four former Dechert life sciences transactional partners for its office in Frankfurt.
Leibowitz said in an interview that he was excited to join his former colleague, Helm, and that he was enticed into joining Dechert by the firm’s strategic plan to strengthen its New York IP litigation practice.
“Dechert is really focused on building and growing the New York litigation team and in particular the IP litigation group here,” Leibowitz said. “And [the firm is focused on] making that a successful group and platform. That is a strategic goal of the firm. And that is certainly one of the things that led me to make the transition.”
More broadly, Dechert has been on a hiring spree in the first half of 2018 following a financial performance last year that saw gross revenue climb 7.3 percent, to $978 million, and profits per equity partner reach $2.7 million on the back of 5.3 percent year-over-year growth. Revenue per lawyer at the nearly 1,000-lawyer firm also jumped up 5.9 percent, to $1.05 million.
Notably, Dechert touted in May its addition of Sheila Birnbaum and Mark Cheffo, co-chairs of the products liability practice at Quinn Emanuel Urquhart & Sullivan. Birnbaum has been dubbed the “Queen of Toxic Torts” thanks to a long career in the space that includes more than 30 years at Skadden, Arps, Slate, Meagher & Flom.
Earlier this month, Dechert brought on Kobre & Kim white-collar and investigations partner Robert Burlingame, a former U.S. federal prosecutor in New York, for its London office. June also saw Steven Rabitz, a former in-house lawyer at The Goldman Sachs Group Inc. and Lehman Brothers Holdings Inc., take his New York-based employee benefits practice to Dechert from Stroock & Stroock & Lavan.
Dechert, which earlier this year brought back former private equity partner Timothy Clark in New York, also announced this month that it would match the new associate pay scale recently set by Cravath, Swaine & Moore and Milbank, Tweed, Hadley & McCloy. That scale includes a midyear bonus that was first announced by Simpson Thacher.
“We are thrilled to have Noah on board to lead our New York IP litigation practice,“ said a statement about Leibowitz’s hire from Martin Black, leader of Dechert’s IP litigation team. “He is critical to our mission—building the best integrated life sciences practice in the business.”