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05/09/07

McElroy, Deutsch, Mulvaney & Carpenter acquires stake in Espinosa & Espinosa


In a move to promote diversity, Morristown-based McElroy, Deutsch, Mulvaney & Carpenter, LLP , (MDMC), has bought 49% stake in Espinosa & Espinosa, a leading minority-owned and operated law firm based in Weehawken, NJ.

While terms of the deal were not disclosed, the move represents better business prospects for certified minority-owned law firms. It calls for U.S. corporate legal departments to increase minority representation within their staff. According to the agreement, Espinosa & Espinosa will operate under its original name, and as a "subsidiary of MDMC." Both firms will operate with a common goal to identify and nurture talent in the subsidiary firm.

Espinosa & Espinosa has provided legal services to the Hispanic community in Hudson County, NJ and the tri-state region. Practice areas of the firm include bankruptcy, land use, business law, immigration, and risk management.
McElroy, Deutsch, Mulvaney & Carpenter, LLP, has more than 230 attorneys and offers services in corporate, insurance, construction and commercial litigation, among other practice areas. The firm has offices in New York City, Denver, Philadelphia, and Doylestown, apart from those in New Jersey.

Tomlinson Zisko disbands to join Greenberg Traurig
Full-service international law firm Greenberg Traurig's East Palo Alto office stands to profit from the dissolution of Silicon Valley boutique Tomlinson Zisko, LLP. Both the co-founders, William Zisko and Timothy Tomlinson, who closed shop after 25 years, will join Greenberg Traurig.

William Zisko will join Greenberg's corporate practice as a shareholder, and Timothy Tomlinson will join the Securities Practice as of counsel. The boutique's three other lawyers will join other law firms in the area.

In its hay days, the boutique had as many as 20 attorneys, which dwindled to five, at the time of its "amicable" disbanding. With more than five decades of combined legal experience in the Silicon Valley, the former partners had built a formidable reputation in the corporate and securities practices. Tomlinson Zisko represented clients in corporate finance, securities, IP, litigation, tax, and real estate matters.

A top-tier firm both at the national and international levels, Greenberg's total attorney strength in its offices world over is 1,500.

BIZARRE NEWS

Wife for Sale
A Brazilian man offered to sell his wife for about $50 on an auction site.

How bizarre can people get! A Brazilian knucklehead, who called himself Breno, decided to auction off his wife on Mercado Livre, a site partially owned by eBay, Inc. He posted an Internet ad on Mercado Livre, offering to sell his wife for about $50. You might think that the two had fallout and this was some stupid idea to take revenge. No, the reasons were more fiscal in nature. The ad said "I sell my wife for reasons I prefer to keep short ... I really need the money."

Some of his wife's characteristics that he posted on the ad:
  • very good in bed
  • great in the kitchen
  • cleans the house like a pro
  • never had children
  • doesn't have problem with sex
  • hasn't reached menopause
  • she is "worth her weight in gold."
  • only 35 years old
The end of the ad gets weirder. The auctioneer said he would want to buy back his wife once his financial condition improves. He then waited for the bids to come in. What came instead was an order by the Secretariat of Public Policies for Women to remove this ad from Mercado Livre as it "violated a law banning the offer or sale of human organs, people, blood, bones, or skin." Mercado Livre said that it missed to notice this ad because of the large numbers of sales (currently one million) on the site. I tried searching for this ad but no luck! They must have removed it. Two words: what's next?!

McElroy, Deutsch, Mulvaney & Carpenter, LLP

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