Howrey and Reed Smith: Latest Beneficiaries of Thelen’s Shutdown
The Recorder is reporting that Howrey will take on 40 lawyers from Thelen’s prestigious San Francisco construction practice:
The group — which Howrey characterized as “most of the construction practice” from Thelen — includes Thelen Chairman Stephen O’Neal, construction practice head John Heisse II, D.C. office managing partner Andrew Ness, San Francisco partner David Buoncristiani (who handles matters for client Bechtel), Los Angeles partner Robert Thum and D.C. partner David Dekker. Most of the 18 partners and about 25 associates and of counsel are in San Francisco and D.C., and the rest are in New York and Los Angeles.
Hmm… Thelen attorneys, Chairman Stephen O’Neal, Howrey — where have I heard that before?
Oh yeah! You’ll remember that the Recorder initially broke the story on O’Neal’s flirtations with Howrey.
Immediately after Thelen dissolved, we mentioned possible options for the firm:
Option 1 is the plan they have arguably been pursuing: breaking up the firm practice group by practice group to interested parties. As we reported yesterday, this is the best option to save associate jobs. However, that plan is dependent on Thelen’s banks signing-off on the plan and maintaining their line of credit. Did Stephen O’Neal’s aggressive and ultimately public pursuit of his own lifeboat at Howrey scuttle that option? Once everybody is told that the managing partner could be leaving in ten days, why would other potential suitors compete for full Thelen practice groups? Instead, it’s easier to wait for an official dissolution and cherry-pick the rainmakers. This is what happened to Heller.
I’ll pause until the Thelen people stop screaming and hitting things.
Read about other Thelen landing places, after the jump.
Reed Smith is another firm profiting from Thelen’s demise. Check out the pun-aided press release from the firm:
Reed Smith LLP, one of the 15 largest law firms in the world, experienced a power surge today, with the addition of a 14-member group from Thelen, headed by renewable energy law pioneer Ellen L. Bastier.
These attorneys also come from San Francisco. Kudos to the new hires.
But, to quote Bill Simmons paraphrasing The Wolf, let’s not start licking each others’ popsicles just yet.
Remember, it wasn’t all that long ago that Orrick was happily announcing 27 new partner hires from Heller — 27 new partners then, 40 freshly unemployed associates now.
So stay tuned.
Breakfast at Howrey’s Sealed Moves of Thelen Construction Lawyers [The Recorder via Law.com]
Reed Smith’s Renewable Energy Practice Ramps Up [Reed Smith]
(60) Comments
Comments
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second
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6th-ing the love of cock.
I heard K&L Gates was interviewing some former Thelen energy/utility partners
Elie's posts are difficult to understand. A good writer makes reading easy. Thus Elie is to writing what skidmarks are to a pair of white boxers.
wow, its a pretty shady comment crew at night.
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Why is Lat writing every comment?
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what's up with all this cock?
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Trig "I'm Not Gay" Palin
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Jeez, all these comments are leaving me cockeyed.
WTF. I'm all cocked out.
Previous MysTTTal post title:
"Nixon Peabody Picks Up 90 Thelen Attorneys
(This is Different From a Merger How?)": http://abovethelaw.com/2008/11/nixon_peabody_picks_up_90_thel.php
The part where the rest of the firm is acquired by entities other than Nixon Peabody is how it's different than a merger. If you need any more remedial lessons, I'll be here all week.
All CLS 1Ls love cock!!! I have evidence.
-CLS 3L
18 - nice. Way to love cock, MysTTTal
Hey! I just heard that Skadden NYC is closing its doors TOMORROW? Why is this not getting press on ATL!?
SkaTTTen loves cock!
maybe t10 nervous 1l loves cock too. he better if he wants a job.
6 - brilliant.
Former Thelen partner Tom Glascock (aka Glass Cock) here, asking who threw a cock party without inviting me?
25 - always room for one more cock.
2 + 7 = Cock?
Whole lotta cock = whole lotta Texas aids
I hear that SkaddenDC loves cock?
Paul Hastings just had a miscarriage. Everyone is leaving because they feel uncomfortable with the lack of Prop 8 cock.
Where is Kash? I'd like to know Kash's feelings about cock.
If I passed the NYBE I'm going to rock out with my cock out at work tomorrow!!
if i liked cock would it help me get a job this summer?
-nervous T-10 1L
email job leads to nervoust101l@yahoo.com
The relentless drive of the capitalist class is the accumulation of ever more and more capital. Now that the economic crisis has precluded more forms of primitive accumulation, the capitalists turn on each other, destroying their peers to accumulate what is theirs.
Such behavior only expands the proletarian class and hastens the coming of global revolution.
optimus prime
If you shave off his beard, Karl is actually Obama. My tax dollars to buy cock for the poor!
Reed Smith LOVES cock, or at least loves bending over their associates. Stealth layoffs left and right.
*runs for the fucking door*
Who cares about these TTT law firms? Elie, please just tell us about the firms that CLS students would deem worthy of sucking their cocks.
- CLS 2L Stud
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Look, I can handle the occasional big azz cock in my mouf, but I prefer dropping vagina panties everywhere.
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"prestigious construction practice" = oxy moron.
fail
the additions to howrey will make up the for the 40 or so partners that will be leaving...
Former Thelen partner Tom Glascock (aka Glass Cock) here again, pointing out that while I may be a cock, Weitzel and Sherman are pricks. And you can add O'Neal to the prick list.
Now, back to the cockfest.
I didn't want to do this, but the quality of tonight's posters has driven me to bust out the shame pole. You have all earned this and I hope you regret your actions. I'm looking at you #43/44. WTF is that?
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49 - you expect to post a "pole" on cock night? um, yeah, right.
Bunch of childish, idiotic comments
If you are representative of the upcoming classes of lawyers, you demonstrate why it is so easy for those of us with a modicum of brains to survive in this profession
Fuck that. Bar exam results are up.
lawyers have big clocks.
51 - what, you don't love cock?
MysTTTal!!!!
Thank goodness for TTT firms like Thelen. I was able to be employed there for over 15 years without overworking myself. Sure the loss of my capital hurts, but so what. I have enjoyed a balanced lifestyle, seen my wife and kids, and made more money than 99% of the population.
I say screw the V30 -- I want another TTT to work at for another 5 to 10 years !
Where the hell are the NYS bar exam results!!
Yeah, a post about the bar exam might be in order, to allow people to vent frustration that they can't access the results!!!
Yeah, a post about the bar exam might be in order, to allow people to vent frustration that they can't access the results!!!
A "power surge" is a bad thing -- right? It can wreck your electronics... .