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07/14/06

Sidley Austin's restructuring


As part of its corporate restructuring strategy, Chicago-based Sidley Austin LLP has made major changes in its management hierarchy. Nearly 37 associates and lawyers have been promoted to partners. Significantly, the Los Angeles office has seen the promotion of five lawyers to partner-level. Consequently, the total partner strength of Sidley Austin has increased to 575 across the firm, which includes offices in Europe and Asia.

The addition of new partners will boost the firm's portfolio. The LA office includes partners with backgrounds in corporate reorganization and bankruptcy, litigation, corporate, and finance. In addition, Sidley Austin has increased its overall staff strength to 1600 lawyers.

In a survey of Fortune 1000 executives conducted by BTI, a Boston-based consulting and research firm, Sidley Austin LLP was ranked the number one law firm in 2002 and 2004 for its overall customer service.

DLA Piper's New York Office strengthens litigation practice
DLA Piper Rudnick Gray Cary US LLP has intensified its efforts to make a mark on the litigation front. The New York office of the firm has witnessed the inclusion of veteran lawyer Robert Gold as a new partner. With a rich background in civil and criminal litigation, both domestic and international, Gold has been counsel to numerous high-profile financial institutions.

With 35 years experience, Robert Gold's presence as partner is expected to improve the firm's expertise in corporate governance and commercial and white collar criminal defense.

The litigation practice of DLA Piper has 600 lawyers in the U.S. and 1,200 lawyers globally and covers various practice areas including patent, class action, securities, antitrust, product liability, tax, government, and real estate.

Summer associate boom in Bay Area
With a surge in the amount of legal work, reputed law firms in the Bay Area region have taken on more summer associates than ever before, according to the San Francisco Business Times.

Firms such as Morgan Lewis & Bockius and Pillsbury Winthrop Shaw Pittman are looking to increase their ranks of summer associates to contend with the increasing caseloads.

Mergers and acquisitions, intellectual property, and venture financing are particularly hot this season, precipitating the need for more help from summer associates. The majority of law firms have maintained a weekly salary of $2,400 for the summer associates.

Bracewell & Giuliani increases counsel strength
Bracewell & Giuliani has added to its New York office by hiring partners from McDermott Will & Emery and Bingham McCutchen. The addition will strengthen the firm's M&A, capital markets, corporate restructuring and regulatory practices, especially in the energy and financial service sectors. This move comes on the heels of Bracewell's hiring of three lawyers from Linklaters .

David Albalah, previously a partner at McDermott, specializes in bankruptcy and restructuring practice. Julian Rainero, a former advisor to broker-dealers and private investment funds on compliance with SEC, SRO and Federal Reserve Board rules comes to Bracewell from Bingham McCutchen.

Last year, Bracewell opened its New York office with the help of former NYC Mayor Rudy Giuliani.

Sidley Austin LLP

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