SAN FRANCISCO — After a raft of departures, Kaye Scholer is poised to lose three more partners in Los Angeles.
Corporate partners Barry Dastin, Sheri Jeffrey and Russ Cashdan have agreed to join Hogan Lovells, four people with direct knowledge of the matter said. Due to their contractual obligations to Kaye Scholer, the partners’ start date at Hogan Lovells has yet to be determined. All three remain listed on Kaye Scholer’s website. None responded to requests for comment.
Kaye Scholer’s Los Angeles office is already smarting from the defections of two other veteran partners this week. Timothy Spangler, who divides his time between New York and L.A. as leader of the firm’s investment funds group, is set to join Sidley Austin, according to people with knowledge of the situation. And Jeffrey Chester, who led Kaye Scholer’s renewable energy project finance and development practice, started Wednesday at Morrison & Foerster. Chester, who now leads MoFo’s renewable energy and project finance group, said Kaye Scholer associates Elizabeth Sluder and Julia Schiesel will join him Monday as counsel and associate, respectively.
“These are all significant losses,” legal recruiter Larry Watanabe said of the partner departures. “Big, big revenue losses.”
Watanabe pointed out that the partners are members of core firm practices and have left New York-based Kaye Scholer for firms with larger global footprints.
G. Thomas Stromberg, co–managing partner of Kaye Scholer’s Los Angeles office, did not respond to requests for comment. A spokesman for Hogan Lovells declined to comment.
Dastin handles capital markets transactions, M&A and bank financings among other matters, according to Kaye Scholer’s website. A former leader of Kaye Scholer’s Los Angeles office, he advised Playboy’s board on a deal that took the company private in 2011. Various public and private companies have tapped him to serve as outside general counsel.
Jeffrey represents entertainment clients in a wide range of transactions, including the finance and production of motion pictures and television series, according to Kaye Scholer’s website. Cashdan’s practice spans M&A, finance and general corporate matters.
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