Law Practice Management
6 Partners Leave Frisco’s Howard,Rice But Profits Reportedly are Strong
Posted Mar 21, 2008, 04:03 pm CST
By Martha Neil
After staff layoffs last year, six longtime partners have quietly left Howard, Rice, Nemerovski, Canady, Falk & Rabkin.
However, the San Francisco firm has been hiring a significant number of associates, even though its attorney roster has dropped from a high of about 140 in 2002 to 113 today, and says its financial future is bright, reports the Recorder, in an article reprinted by New York Lawyer (reg. req.). Its first-year associate pay is $160,000.
"Howard Rice wouldn't release financial results, but a spokesperson said that last year was the firm's second-best on record," the legal publication writes.
The six departing partners included commercial litigator Curt Holbreich, who became an associate at Kirkpatrick & Lockhart Preston Gates Ellis, and Ethan Schulman, who left after 24 years to become counsel to Folger, Levin & Kahn.
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