Bachelder Law Firm to Close After Name Partner Jumps to McCarter
Posted Oct 4, 2012 7:30 AM CDT
By Debra Cassens Weiss
The Bachelder law firm is at the end of a 30-year run.
Formed in 1982, the boutique known for its expertise in executive compensation is closing with the departure of two of its lawyers, report the Am Law Daily and Reuters. Joseph Bachelder III and Jerome Cohen are jumping to McCarter & English as special counsel in its New York office.
Eight other Bachelder lawyers are starting solo practices or moving to other firms, Reuters reports.
Bachelder, 79, says he plans to work full-time and has no plans to retire any time soon. He has helped negotiate multimillion dollar severance packages for high-level executives, including Jack Grubman and Jamie Dimon.
Bachelder was recruited by Daniel Pollack, managing partner of the New York office of McCarter & English. “We hope he stays for the next 25 years," Pollack told Reuters. “If lawyers half Joe's age had half his energy, they would be very fortunate indeed."