Loeb & Loeb announced the addition of two new partners to their New York office, Kenneth A. Adler and Steve A. Semerdjian. Both partners are Thelen refugees.
As you may have heard, Thelen is limping. Not Lehman Brothers limping (Dealbreaker has the latest on Lehman’s desperation). But Thelen clearly needs something positive to happen for them.
We’ll get back to piling on in the near future, but as Adler and Semerdjian cruise away in their lifeboat, we’re forced to wonder how much partner defections actually mean to working associates.
Not that Thelen is hiring anybody, but if they were would you avoid Thelen because Adler and Semerdjian left the firm? Conversely, are there people out there who are thinking “I wasn’t going to take that call-back with Loeb, but now that Adler and Semerdjian are there, sign me up baby!”
Partner defections mean a lot to partners. But how much of that rain really trickles down to the associate level? Thelen’s troubles were obvious long before partners started floating away. Somehow we can’t see Loeb associates having a truck party just because profits per partner might go up thanks to the new acquisitions.
We’ll see when the bonuses come out if Loeb’s additions are anything more than Thelen’s subtractions.
Earlier: Prior ATL coverage of Thelen
— Advertisement —
comments sponsored by



