Musical Chairs

Musical Chairs: Goodwin Procter's Gains or MoFo's Losses?

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Two big name rainmakers are leaving Morrison & Foerster for Goodwin Procter. According to a Goodwin Procter email:

Goodwin Procter announced today a major expansion of its Financial Services Group with the addition of two nationally-recognized attorneys, Robert M. Kurucza and Marco E. Adelfio. Kurucza joins as co-chair of the firm’s Financial Services Group. Both are resident in Washington, D.C. The addition of Kurucza and Adelfio will enable Goodwin Procter to provide a more fully integrated suite of services to prominent common clients, and to offer even greater cross-disciplinary expertise to a broad range of financial institutions.

Good news for Goodwin, but the announcement is just more unsettling information coming out of MoFo. Rumors of all sorts have been popping up about how things are going at MoFo. What we do know for sure is that Mofo hasn’t made a decision about associate salaries:

MoFo, [hasn’t] announced their bonus/ pay freeze intentions yet (which is totally bogus because it leaves associates in the dark). What little guidance we received came in the form of a wait and see what the market is doing approach.

Latham and Orrick have frozen, O’Melveny and Gibson Dunn are paying market. What will MoFo do?

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