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Leaders Of McDermott Are Now Focusing On Growth After Losses

published October 20, 2011

By Author - LawCrossing
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( 1 vote, average: 2.3 out of 5)
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10/20/11

Leaders Of McDermott Are Now Focusing On Growth After Losses
Including several practice group leaders, McDermott Will & Emery has seen at least 38 partners leave in 2011. The recent rebels are the head of the firm's Washington, D.C IP litigation group, Stephen Shahida, who joined Weil, Gotshal & Manges on Monday; and Gary Moss, the head of the IP practice in London, who is joining British IP boutique EIP. The agile failure comes in the midst of declining revenues and a lessening equity partnership. According to Am Law 100 figures, gross revenue of McDermott's in 2008 was $966 million and dropped down to $788.5 million in 2010. The firm lay off attorneys and staff during the recession and also saw its equity partner numbers drop to 185 from 266 during the same period.

published October 20, 2011

By Author - LawCrossing
( 1 vote, average: 2.3 out of 5)
What do you think about this article? Rate it using the stars above and let us know what you think in the comments below.

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