The Atlanta office of the intellectual property boutique, Cantor Colburn, has recently gained five associates, making a total of nine attorneys at that location. The new associates come from different places (Texas, Washington) and have varied backgrounds (examiner at the U.S. Patent and Trademark Office, editor of IDEA: The Intellectual Property Law Review). To accomodate the increased numbers, the firm will move to a larger office on the same street in March.
Texas firm Winstead Sechrest & Minick has gained several new lawyers in three offices around the state. The Austin office welcomed Scott Rhodes; Dallas gained eight new attorneys; and three new lawyers joined the Houston office.
Texas-based Vinson & Elkins will expand its presence in Asia with a new Hong Kong office. This will be the firm’s fourth in the region, with locations in Tokyo, Shanghai, and Beijing. The firm plans to staff the office with 8 lawyers and will focus on energy related banking and finance.
Time Warner VP and Assocaite General Counsel Dennis P. Duffy has taken a job with Baker Botts’ Houston office. He will join the firm’s 30 lawyer Labor & Employment practice group as a partner, with the expectation of heading the group shortly.
Source: Texas Lawyer
Anticipating an increase in bankruptcy and restructuring cases for 2007, firms across the country are expressing the desire to grow the practice area. This includes many major Texas, New York, and California firms. All report the desire to expand their staffs by at least 10%, particularly with mid-level lateral attorneys.
Fish & Richardson has snared 8 business and litigation attorneys from Texas giant Andrews Kurth. Citing Fish & Richardson’s exceptional IP practice as the main appeal in the move, the new attorneys will bring the Austin office’s total to twenty. On the other side, Andrews Kurth managing partner Rex VanMiddlesworth is disappointed and notes that “…business is strong and our struggle is to just get enough folks to do what we need to do.”
Atlanta-based firm Powell Goldstein has lured two partners and 11 other attorneys and paralegals away from Akin Gump’s real estate and finance practice. Kieth Dunsmore, having previously spent 13 years with Powell, will head a new capital markets practice group in D.C. Robin Green, the second of the two partners, is to lead the new Dallas office and will be joined by seven of the former Akin Gump attorneys. The office will focus on real estate, banking, and financial services.
275-lawyer Dallas-based firm Jenkens & Gilchrist has increased salaries nationwide, with first-year associates now earning $140,000, The firm’s Texas offices are located in Dallas, Houston, Austin, and San Antonio. Also announcing raises is Houston firm Porter & Hedges, with first-years making $135,000 plus $5,000 in bonuses. Source: www.law.com
In a recent survey of Texas firms, Texas Lawyer found an increase in salaries across the board for 2006. On average, first-years are making 4.7% more in 2006 than 2005, with fourth-years at 9.3% and seventh-years at 5.1% more respectively. In firms employing over 100 attorneys, first-years have seen a 16.4% salary increase.
San Francisco-based firm Sedgwick, Detert, Moran & Arnold has opened a new office in Austin, the firmâ€™s twelfth in total. Sedgwick has snagged Jackson Walker partner Laura Lee Prather to head the new office. The firm will look to add additional associates immediately. Sedgwick employs a total of 351 attorneys.
In a recent survey of Texas firms, Texas Lawyer
found an increase in salaries across the board for 2006. On average,
first-years are making 4.7% more in 2006 than 2005, with fourth-years
at 9.3% and seventh-years at 5.1% more respectively. In firms employing
over 100 attorneys, first-years have seen a 16.4% salary increase.
Texas Lawyer’s survey of the 25 top-grossing firms in Texas showed a 2.3% increase in gross revenues overall for 2005 over 2004. Of these firms, 16 reported an increase for 2005; the other 9 reported a decrease. Akin Gump comes in as the highest-grossing of all Texas firms, but V&E, Thompson & Knight, and Porter Hedges reported the greatest percentage increase in gross revenues for the year.
Source: Texas Lawyer