Now in Legal Rebels:
Posted May 30, 2014 07:10 pm CDT
After what a law firm spokeswoman refers to as a “challenging 2013,” a group of 14 lawyers, including nine partners, are leaving Bingham McCutchen for other BigLaw firms.
Among those departing are Richard Fries, the chief of Bingham’s real estate practice, who is en route to Sidley Austin, and partner Mike Levy, who is leading an eight-lawyer Bingham group to Paul Hastings, Reuters reports. The article relies on unidentified sources and says those involved either declined to comment or did not respond to requests for comment.
Some lawyers among the 14 will be joining Skadden Arps Slate Meagher & Flom.
In February, the firm announced that revenue had dropped 12.6 percent between 2012 and 2013.
A Bingham spokeswoman said partner attrition was expected “because of forward-looking business decisions we made and because of a challenging 2013,” the news agency reports.
ABAJournal.com: “Bingham reveals $110M revenue drop in 2013; firm is ‘by no means an exception’”