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Law firm mergers populate first quarter of 2009
On Jan. 1, Florida-based Gordon Hargrove & James merged with San Francisco-based Sedgwick Detert Moran & Arnold. That merger is one of 20 around the country that are scheduled to close in 2009's first quarter. Sedgwick's chair says the economic downturn played a minimal role in the firm's decision, but that may not be the case for other firms. Consultant Bill Brennan says the economy has partners in smaller firms "now more willing to consider 'going to the dark side' and joining a bigger firm."The Churn: Lateral Moves in The Am Law 200
Government lawyers join firms including Skadden, Arps, Slate, Meagher & Flom and Jenner & Block; a Goldman Sachs executive heads to Manatt, Phelps & Phillips; and Brownstein Hyatt Farber Schreck hires six from Dorsey & Whitney. The Churn is constant. Please send all announcements and news releases to [email protected].The Churn: Lateral Moves in The Am Law 200
Duane Morris welcomes back a Massachusetts state representative; Dentons expands in Kansas City; and Ogletree, Deakins, Nash, Smoak & Stewart adds four attorneys around the country. The Churn is constant. Please send all announcements to [email protected].Mayer Brown Advises ACE on $1.1 Billion Insurance Buy
Mayer Brown was one of six firms advising various clients on a cross-border insurance deal announced Sept. 14. Zurich-based property and casualty insurer ACE has agreed to pay $1.1 billion in cash for the remaining 80 percent stake it doesn't own in Johnston, Iowa-based crop insurer Rain and Hail Insurance Service. Edward Best, cochair of the capital markets and financial institutions practice groups at Mayer Brown, led a team from the firm advising ACE on the deal.Have IP Boutiques Gone Extinct? Hardly
When patent litigator John Gallagher left his IP boutique for a general practice firm he predicted "few if any IP boutiques [will be] around" in the future. Similar predictions have been made for more than a decade: IP specialty firms faced extinction like dinosaurs destined to die out in a changing climate. Yet many IP boutiques thrive. Large IP specialty firms more than hold their own, even in high-stakes litigation. And small IP boutiques are growing, helped by increasingly cost-conscious clients.Wilmer Seeks Rocky Mountain High by Snagging Salazar
Wilmer Cutler Pickering Hale and Dorr has hired Kenneth Salazar, a former U.S. senator and head of the U.S. Department of the Interior, to launch a new office in Denver. Also heading for new horizons are Faegre Baker Daniels, Cozen O'Connor, and Hogan Lovells, which has its eye south of the border.State AI Legislation Is on the Move in 2024
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