Posted Jan 22, 2008 04:18 pm CST
The law firm of Anderson Kill & Olick is losing nearly half its lawyers to Reed Smith after the failure of merger talks between the two firms, the Wall Street Journal Law Blog reports.
Fifty-five lawyers are leaving Anderson Kill, including 25 partners, three counsel and 27 associates, according to a Reed Smith press release. Among those making the leap are name partner Lawrence Kill and firm president and CEO Jeffrey Glatzer.
Merger talks between the firms collapsed because of conflicts issues, according to Anderson Kill’s press release. It says 43 out of 69 partners are staying with the firm.
The Wall Street Journal Law Blog reports that Anderson Kill had 126 lawyers, while Reed Smith put the firm’s head count at 120 members.
Anderson Kill says the lawyers’ departure is amicable and the firms are cooperating in the transition. As a result of the exodus, the firm has “restructured its lead practice areas to focus the firm’s efforts on its core insurance recovery practice” along with other robust practices in other areas, the release says.