Katten Muchin Rosenman is laying off 11 lawyers and 24 staff members, marking at least the second U.S. law firm to make cuts this week. Katten, which has about 700 lawyers, also said it will defer the start date for a portion of its incoming class of associates in slower practice areas to Feb. 1. The rest of the incoming lawyers will begin on time in October.
A growing number of firms, including Reed Smith; Orrick; Cooley; Dechert; Goodwin; and Bryan Cave, among others, have eliminated lawyers, staff or both since late last year as the industry grapples with slowing demand.
More from the legal industry …
Federal judicial officials are warning that pending spending legislation in Congress could force the judiciary to cut up to 493 full-time public defender positions … Stroock lost 35 lawyers and staff to Steptoe … Lawyers for suspended Texas Attorney General Ken Paxton sought the dismissal of all but one of the articles of impeachment against him … Allen & Overy named Khalid Garousha as interim global managing partner after Gareth Price stepped down citing ‘personal reasons’ … Sandra Day O’Connor College of Law at Arizona State University will allow the use of generative AI tools on applications … A D.C. attorney board recommended a 60-day license suspension for the former lead federal prosecutor in the 2001 Chandra Levy murder case … Virtual Law Firm Scale absorbed Texas IP firm Creedon … And columnist Alison Frankel writes: Whopper $267 million fee award in $1 billion Dell case shows why Delaware is different.
Moves:
- In New York …
Simpson Thacher brought on Jennifer Albrecht, who was most recently deputy general counsel of SVB Financial’s venture capital arm. Clifford Chance hired a technology-focused partner from Ropes & Gray. Miriam Harwood joined Katten from Squire Patton Boggs as the chair of its new international arbitration practice. Womble expanded its bankruptcy practice with three partner hires. Fried Frank hired Lawrence Natke as a partner in the firm’s M&A and private equity practice.
- In Washington, D.C. …
Eversheds hired a new co-leader for the firm’s national security practice. Koren Wong-Ervin joined Jones Day as a partner in its antitrust and competition law practice from Axinn Veltrop.
- In Atlanta …
McGuireWoods hired a partner from Kirkland for its global real estate practice.
- In Dallas …
Winston & Strawn added a partner from Alston & Bird to its litigation practice.
- In Los Angeles …
Adam Fee, who was previously an assistant U.S. attorney in the Southern District of New York’s criminal division, left Milbank for Paul Hastings.
- In San Francisco …
Venable hired IP partner Philip Sheng from Davis Polk.
- In San Diego …
Wilson Sonsini added a life sciences partner from Cooley. Quarles & Brady hired tax partner Robert Browning from Armstrong Teasdale.
- In London …
Simpson Thacher turned to long-time client Blackstone for a new real estate private equity partner hire.
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Winning a lawsuit doesn’t count for much if you can’t collect. That’s the hard truth underlying a malpractice claim against Williams & Connolly, which won a $7.8 million judgment for a real estate investor client only to get sued in 2020 after the client realized he was unable to collect a penny and should have settled instead. In her latest column, Jenna Greene digs into the suit, which may be headed for trial. Did the firm err by failing to offer sufficiently specific advice to settle – or does the client have only himself to blame for not taking the deal?
Check out other recent pieces from all our columnists: Alison Frankel, Jenna Greene and Hassan Kanu
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Additional writing by R Rohit and Tanvi Shenoy.
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