Law Firm News

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Law Firm News

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Thelen, Reid, Brown, Raysman & Steiner, LLP

Thelen Reid Set for New York Merger
San Francisco-based Thelen Reid & Priest and New York's Brown Raysman Millstein Felder & Steiner have confirmed they are to merge, creating a 250-partner, 617-lawyer national firm with an estimated $400m (£210.21m) annual turnover.

The firm will be known as Thelen Reid Brown Raysman & Steiner and will be co-chaired by Thelen Reid chairman Stephen O'Neal and Brown Raysman managing partner Julian Millstein.

The firm will conduct a comprehensive compensation review in the new year to determine equity status for the new partners. The combined turnover would have ranked the merged firm at 66 in The Lawyer Global 100 2006, just ahead of Bryan Cave.

The merger will give the firm 255 lawyers in New York and 242 in California, primarily in San Francisco and Los Angeles. The merged firm will also have a 70-lawyer Washington DC office, as well as the Shanghai base that Thelen Reid opened in late August. . . .

. . . In 2003 Thelen Reid formed a strategic partnership with Masons, before it merged with Pinsent, to create Masons Thelen Reid, a specialist construction, engineering and infrastructure practice. Masons' construction team has worked with Thelen Reid on a number of projects around the world. . . .

. . .Tony Bunch, head of international development at Pinsent Masons, said: "I think it's a good move as we perceive it, insofar as they'll bulk up in New York.

"From our point of view, the relationship with Thelen Reid is based heavily on the infrastructure and construction side. Adding a media and IP/IT capacity presents the opportunity to widen the relationship.

11-07-2006

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Thelen, Reid, Brown, Raysman & Steiner, LLP

Merger Mania Hits Metro Firms
Partners at California-based Thelen Reid & Priest and New York-based Brown Raysman voted on Oct. 30 to combine the two firms. Based on last year's revenue, the new 617-lawyer entity would have placed 56th on the Am Law 100 list of the nation's top-grossing law firms.

The firm will be called Thelen Reid Brown Raysman & Steiner, and will be co-chaired, for two-and-a-half years, by Stephen O'Neal, Thelen's chairman, and Julian Millstein, Brown's co-managing partner.

Thelen, strong in "old economy" practices such as energy and construction, is a good match for Brown Raysman's expertise in technology, intellectual property and media law, O'Neal said. "By joining the two, it's the best of both worlds."

The combined firm will have 255 lawyers in New York. Despite Thelen's merger with N.Y.-based Reid & Priest in 1998, Thelen now has just 78 lawyers there. Brown has only 20 lawyers in California.

Partners at the combined firm will be slotted into San Francisco-based Thelen's two-tier system of equity and non-equity partners. "It works awfully well," O'Neal said. "It's served us well for 82 years.” . . .

. . .Richard Gary, who chaired Thelen from 1992 to 2003 and is now a law firm management consultant, said that, on the whole, it's a merger of equals. One of the key elements, he said, is the shared chairmanship.

Millstein said his firm wouldn't have considered the merger unless it was treated equally, adding that the firm had broken off talks with others over the issue. The deal with Thelen was attractive because of its offices in California. "The West Coast is very important to us," Millstein said. "It creates a footprint that is critical to us." Brown Raysman has 20 lawyers in Silicon Valley and Los Angeles and none in San Francisco. The combined firm will have 242 lawyers in those three locations. Thelen will add its 78 New York-based lawyers to Brown Raysman's 177.

11-07-2006

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Schiff Hardin LLP

WORTH MAGAZINE'S TOP 100 ATTORNEYS LIST HONORS SCHIFF HARDIN LLP PARTNER DAVID R. HODGMAN
Worth magazine, in its December 2006 edition, has named Schiff Hardin LLP partner David R. Hodgman to its prestigious and second-annual list of Top 100 Attorneys. This honor recognizes lawyers with imagination, experience, and a keen sense of service to affluent individuals. Mr. Hodgman also was named one of the "four most insightful members of [the] top 100 to address the particularly vexing topics," and he bylined an article on "Global Strategies" for this edition of Worth.

Mr. Hodgman leads Schiff Hardin's nationally respected Private Clients, Trusts and Estates Group, and he is resident in our firm's Chicago office. He also serves on our firm's Executive Committee. Mr. Hodgman has represented numerous corporate and individual fiduciaries with respect to federal and state income and estate tax disputes as well as other, non-tax matters including fiduciary liability litigation. A significant amount of his work also involves estate, gift, and income tax planning for families and individuals including tax planning for closely held family businesses. He has published in professional journals and delivered papers to other practicing lawyers and accountants on the subjects of federal estate tax valuation and audit procedures, income taxation of trusts and estates, closely held family business interests, retirement benefits, treatment of terminally ill patients, private foundations, charitable lead and remainder trusts and other sophisticated estate planning techniques for high net worth individuals.

11-07-2006

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Schiff Hardin LLP

SCHIFF HARDIN LLP MOURNS THE PASSING OF RETIRED PARTNER JOHN W. GLENDENING JR.
John W. Glendening Jr., a retired Schiff Hardin LLP partner, died on October 15, 2006 at his home in Vinson Hall, McClean, Virginia, at age 89.

Mr. Glendening founded the law firm of Glendening & Schmid in New York City representing natural gas distribution companies in New England before the Federal Energy Regulatory Commission. The firm moved to Washington in 1973, and merged in 1987 with the Chicago-headquartered law firm, Schiff Hardin.

Ronald S. Safer, Schiff Hardin Managing Partner, recognized Mr. Glendening's contributions and legacy to the firm, "Mr. Glendening played a vital role in strongly positioning Schiff Hardin's Washington, D.C. office to serve the energy industry, and he helped set the foundation for the nationwide energy practice that we have today.

11-07-2006

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Pepper Hamilton, L.L.P.

Michael H. Reed of Pepper Hamilton Appointed to Temple University's Alumni Association Board of Directors
Michael H. Reed, a partner with Pepper Hamilton LLP, has been appointed to the board of directors of the Temple University Alumni Association.

Mr. Reed, who received his bachelor’s degree in political science from Temple University in 1969, is a member of Pepper’s Corporate Restructuring and Bankruptcy Practice Group and has concentrated his practice in the field of bankruptcy and insolvency law since his admission to the bar in 1972. He is a fellow of the American College of Bankruptcy and a member of the American Law Institute. Mr. Reed is past president of the Pennsylvania Bar Association and was the first African-American to lead the PBA. He also serves on the ABA’s Board of Governors.

The Temple University Alumni Association formerly known as the General Alumni Association, was founded in 1927 to represent all alumni of Temple University and is the umbrella organization for the school/college alumni associations, the Young Alumni Association and all other constituent alumni groups. The board is comprised of three representatives from each school/college alumni association, directors-at-large, national directors, past presidents and life members.

11-07-2006

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Orrick LLP

Orrick Advises Silicon Valley Startup's $25 Million Funding
The Deal identified Orrick corporate partner Steve Venuto as Powerset’s counsel in this article about the company’s first round of funding. Year-old startup Powerset is a natural-language search engine developer based in Palo Alto, CA.

11-07-2006

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Orrick LLP

New York Litigators Co-Author Article About Class Action Decision's Impact on Merck
New York litigation partner Laurie Strauch Weiss and New York litigation associate Adam Zimmerman co-authored this article in the New York Law Journal about a recent class action decision that threatens to expose Merck to billions of dollars in liability.

11-07-2006

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