(Photo: Diego M. Radzinschi/ALM)
Perkins Coie continued building out its five-year-old New York office this week by bringing on a four-lawyer team from Kramer Levin Naftalis & Frankel led by the firm’s financial services chair Carl Frischling.
Joining Frischling at Perkins Coie are Kramer Levin special counsel Alexandra Kambouris Alberstadt, Aviva Grossman and Mark Parise, each of whom will become partners at their new firm.
“I’m very comfortable with the group and I’m very confident that [the move to Perkins Coie is] going to work out,” said Frischling, adding that he’s looking forward to working with investment management partners Martin Lybecker and Mary (Molly) Moynihan, who work out of Perkins Coie’s office in Washington, D.C.
Frischling said he had hoped Alberstadt, Grossman and Parise would become partners at Kramer Levin, though they had not. The trio approached Moynihan and Lybecker several months ago and convinced Frischling to come with them to Perkins Coie, he said.
At 79, Frischling said he’s still very active in the investment management industry and plans to keep working for a number of years. He advises boards and independent directors on regulatory and legal issues.
Perkins Coie, which has its roots in Seattle, opened its New York office in 2011. This year, the Am Law 100 firm has increased its attorney head count in the Big Apple by almost 50 percent, to 36 lawyers, according to a statement from its New York managing partner Keith Miller. (A securities enforcement expert, Miller left Paul Hastings in 2012 to join Perkins Coie, where he now chairs the firm’s white-collar and investigations practice.)
Among the 15 new lawyers hired by the firm in New York this year are Charles Torres, a former Lowenstein Sandler partner who joined the emerging companies and venture capital practice at Perkins Coie, as well as patent litigation partners Gene Lee and William McCabe, who previously served as co-leaders of Ropes & Gray’s IP litigation group.
Gross revenue at Perkins Coie rose 5.4 percent in 2015, to $748.5 million, while profits per partner remained mostly flat at $1.1 million. The firm’s head count increased 2.8 percent last year, to 938 lawyers.
At 315-lawyer Kramer Levin, gross revenue rose 3.6 percent in 2015, to $332 million, while profits per partner increased slightly, to $1.83 million. In a statement, Kramer Levin wished its four departing lawyers well and thanked them for their contributions to the firm.
“Kramer Levin continues to have a strong investment management practice with more than a dozen lawyers working exclusively for funds,” the firm said.