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Proskauer Rose to implement securities task force

International firm Proskauer Rose has announced plans to begin working with publicly held companies to address stock options-related issues and matters of corporate governance. With the granting and exercising of corporate stock options triggering widespread public and regulatory investigations, Proskauer seeks to aid businesses in avoiding regulatory violations.

A multi-disciplinary Stock Options task force has been created by the law firm to deal with issues such as internal and governmental investigations, taxation, accounting, and Sarbanes-Oxley. The task force includes 25 senior attorneys with experience in stock options investigations.

Proskauer Rose has a staff of 650 attorneys practicing in corporate finance, mergers and acquisitions, general commercial litigation, private equity and fund formation, bankruptcy and reorganizations, trusts and estates, and tax law.

07-12-2006

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African American female managing partner appointed

Mary A. Daffin, a female attorney of African-American descent, has been afforded responsibility for managing the legal operations of the Texas-based firm Barrett Burke Wilson Castle Daffin & Frappier. Ms Daffin, now a managing partner, has been with the firm since its inception in 1990.

As quoted by lawfuel.com, Ms Daffin is looking forward to expanding the role of the firm, which currently provides specialized legal services to the mortgage industry. The development is also a step towards propagating diversity in the profession, according to Ms. Daffin.

As per the available statistics of the National Association for Law Placement, there are no conclusive figures on the number of African-American female managing partners. Only 17% of law firm partners at major law firms, however, are female.

Ms. Daffin, a law graduate from Thurgood Marshall School of Law at Texas Southern University, was also recently appointed Vice President of Professional Education for the Texas Bar's bankruptcy section.

07-12-2006

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Top San Diego attorneys join new firm

Noted San Diego-based attorneys Doug Pettit, Andrew Kohn, Tom Ingrassia, and Jennifer Lutz have joined the new law firm Pettit Kohn Ingrassia & Lutz PC to assist in business litigation, professional liability, personal injury, and employment litigation. Since starting operations in San Diego and Los Angeles in March 2006 with 11 attorneys, the firm has inducted four new lawyers.

Prior to partnering for the new practice, the four founding attorneys were shareholders at Klinedinst PC. Together they bring 50 years of combined experience in professional liability and employment law. Their clients include several notable corporations, including Fortune-500 companies.

07-12-2006

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Morrison & Foerster's new recruits

Morrison & Foerster LLP has recently hired Jonathan Kahn for its leading securities transactions practice in New York. The move is expected to strengthen the firm's capital market practice.

Previously a partner with White & Case, Kahn brings particular expertise in high-yielding debt offerings based on 15 years experience representing several public companies in corporate finance transactions and securities matters. With Kahn's inclusion, the law firm has expanded its operations in New York.

Morrison & Foerster is a global firm representing clients in the finance, life sciences, and technology industries, and it is particularly known for its business and litigation practices.

07-12-2006

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DLA Piper doubles lawyer strength, plans expansion in Europe

DLA Piper Rudnick Gray Cary LLP, with nearly 3,100 lawyers worldwide, plans to add another 1,000 in the coming three years. Expecting a wider scope of growth in the European markets, the firm is scheduling more offices in Frankfurt and Madrid and a new office in Munich. The firm's German office has reported major growth in numbers from three lawyers to around 80 in the last two years.

Varied opportunities in Germany's growing private equity market have lured many international firms to set up shops in Munich. Major U.S. firms like Kirkland & Ellis, Latham & Watkins, and Milbank Tweed Hadley & McCloy all have offices in Munich with an emphasis on strong private equity practice.

DLA Piper's headcount is growing by leaps and bounds. It plans to augment its Paris lawyer-count from 20 to 100 by 2009 and increase it ranks in Scandinavia by 150. Recently, the firm opened a Dubai office, and is planning to expand in the Middle East.

07-11-2006

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Baker & McKenzie teams up with top Australian bank

Top U.S. law firm, Baker & McKenzie, is short-listed in the new ANZ legal panel to provide the Bank with quality legal advice, greater choice, and flexibility. With 32 firms on the new panel, the Bank plans to introduce an electronic billing system for the tracking and payment of legal services.

Effective immediately, the new ANZ Legal Panel will help the bank to start the new e-billing and management system. Other firms empanelled by the bank include Hall & Wilcox, Minter Ellison, Pacific Legal Network, Phillips Fox, Piper Alderman, and Ward Keller.

07-11-2006

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Attrition of women in law firms

Even though the number of women in law schools is about the same as men, the same cannot be said for female partners according to Karen Asner, a commercial litigator and an administrative partner at White & Case LLP in New York.

Asner reports on law.com that this could be because women are working for relatively shorter spells at their firms than men. Before many women become eligible for promotion to partner, they leaves the firm, often to take on additional family responsibilities. Statistics indicate that women start leaving their firms after 3-4 years upon joining. It becomes a challenge to balance personal and professional obligations for a female lawyer who may also be a mother and a housewife. This leads female lawyers to reduce their work hours or even quit.

Asner discusses what firms can do to tackle female attrition. An example offered is that of her firm, White & Case. It pursues a model that encourages career and business development, networking, and inter-office support teams.

While no readymade solutions are forthcoming, efforts in this direction will help increase the strength of female partners in the future, it is hoped.

07-11-2006

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