Musical Chairs

As we’ve chronicled in these pages, the powerhouse firm of Weil Gotshal has been experiencing some upheaval. The big summer layoffs have been followed by a steady stream of partner departures, mainly from offices outside the power center of New York.

Many of the defections have taken place in Texas, but Weil’s Washington outpost has also been hard hit. Last month, that office lost three IP litigators to Greenberg Traurig. Said one of our sources, “IP was one of Weil D.C.’s most profitable practice groups. Expect downsizing or partner acquisition from another firm to compensate for loss.” And that wasn’t all. Earlier this month, BuckleySandler snagged Walter Zalenski, a prominent player in financial services regulatory law, from Weil.

Today brings news of another departure from Weil in Washington. Who is leaving now, and where is he going?

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This is as close to titillating as I’ll ever get in one of these columns:  When a senior lawyer (or executive) leaves a company in December, what does that mean?

Basically, Ecclesiastes is all about changing jobs:  ”To every thing there is a season.”

When a partner at a law firm moves laterally in January, that’s like leaves changing in autumn.  The partner waited to receive his (or her) year-end bonus from firm A and, having pocketed the bonus, then moved on to firm B.  That makes the lateral acquisition cheaper for the new firm.

The in-house world is a step slower:  When an in-house lawyer (or executive) moves to a new company in March or April, that’s like snow falling in winter.  The in-house person waited to receive his (or her) annual bonus in March (more or less) and, having pocketed the bonus, then moved on.  That reduces the hiring cost for the new company.

But when an in-house lawyer (or executive) leaves a company in December, that’s a blizzard in May!  The game is afoot!  (Blogging is so good for me.  I just learned that Shakespeare said that first, although I was thinking of Sherlock Holmes (who said it later) when I typed the phrase.)  Quickly, Mr. Watson!  What can we deduce from an out-of-season executive departure?

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When we sit down at Thanksgiving this year, we’ll give thanks for Weil Gotshal. Over the past few months, the highly prestigious and profitable firm has generated a cornucopia of tasty news to cover.

And the drama isn’t over yet. Instead, the soap opera continues.

Soap operas feature ups as well as downs; they’re not all bad news (because that would be boring). Births and marriages balance out deaths and divorces.

So for today’s Weil Gotshal update, we’ll start with the happy stuff — new partners! — before moving on to the gloomier news….

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Andy DeVooght

We’ve discussed in these pages the trend of going “from Biglaw to boutique” (and it was the title of Tom Wallerstein’s column for us as well). Lawyers who could easily work at mega-firms are opting instead for the flexibility and collegiality of small-firm practice — and clients are following them.

Today’s notable move involves Andy DeVooght, coming out of the U.S. Attorney’s in Chicago. DeVooght has an enviable résumé. Before joining the U.S. Attorney’s Office, he worked as a partner at Winston & Strawn and clerked on the U.S. Supreme Court, for the late Chief Justice Rehnquist.

Instead of returning to Biglaw, a common path for someone in DeVooght’s shoes, he’s joining a buzz-generating boutique. Which one?

double red triangle arrows Continue reading “Musical Chairs: An Elite Boutique’s Latest High-Profile Hire”

Don’t mess with Texas — or the presence of Weil Gotshal in that sovereign republic great state. The firm has just announced that it’s deep in the heart of Texas — and staying there.

That’s the latest news from the Weil Weil West — Glenn West, that is, the managing partner of the firm’s Dallas office and a member of the WGM management committee. West just issued a public statement reaffirming the firm’s commitment to the Lone Star State, despite the departures of dozens of lawyers from Weil’s Dallas and Houston offices in recent weeks.

So what does this statement say, and how did it come about?

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Things have quieted down a bit on the Weil Gotshal front. About a week has passed since our last report on Biglaw’s biggest source of drama.

Today we have some news to share about WGM — information gleaned from partner departure memos out of Dallas, the site of the biggest defections, and a real estate report from New York, the King’s Landing of Weil Gotshal….

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Last month we wrote about a Biglaw firm that’s in big trouble. The firm in question: Dow Lohnes, a former Am Law 200 firm that has been hemorrhaging lawyers and clients (and lost two more partners last week, to Venable). In our story about Dow Lohnes, we noted that “[i]t seems possible that the firm could merge out of existence — if it’s lucky enough to find a partner.”

Fortunately for the remaining lawyers and staff at Dow Lohnes, the sinking ship has located some lifeboats. A larger and stronger firm, a member of the Am Law 50 and Vault 100, will be picking up many (but not all) of Dow Lohnes’s lawyers.

Who’s the white knight riding to the rescue of Dow Lohnes?

(Note the UPDATES added at the end of this post.)

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* Musical chairs (White House hottie edition): Michael Gottlieb, former associate counsel to President Barack Obama, is joining the Washington, D.C. office of Boies Schiller & Flexner. [The BLT: The Blog of Legal Times]

* The search is on for jurors to serve in the criminal trial for Bernie Madoff’s former employees, but in a case of guilt by association, it’s proving to be a difficult exercise. [WSJ Law Blog (sub. req.)]

* “Democracy is not on autopilot,” said Justice Kennedy at Penn Law. Just because we have a Constitution doesn’t mean it will prevail — which is being evidenced by our government now. [Philadelphia Inquirer]

* Because no one could be more “non-essential” than a law student during this mess, the government shutdown is taking a toll on their externship placements throughout the district. [National Law Journal]

* The Princeton Review’s annual law school rankings are out, and boy, have things changed — including the schools with the best career prospects. We’ll have more on this news later today. [Chicago Tribune]

* Cooley Law is teaming up with Eastern Michigan University to offer joint degrees. But we thought Cooley was teaming up with Western Michigan University. Is Cooley infiltrating all Michigan schools? [MLive.com]

Welcome to today’s episode of everyone’s favorite Biglaw drama, As The Weil Turns. Today brings word of another Weil coming off the wagon — specifically, another partner defection.

And no, it’s not in Texas, where Weil Gotshal’s offices — which have lost about 15 partners in the past few weeks — are starting to feel as besieged as the Alamo. It’s up here in the northeast, closer to WGM’s headquarters in New York.

Who is leaving which Weil office?

(Please note the UPDATES added below regarding where this partner is going.)

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If the Houston office of Weil Gotshal & Manges ends up shutting down in the wake of the recent partner defections, management in New York might not shed a tear. In fact, it might have been part of their master plan.

As one Weil source told us, the Houston litigation defections were “not a surprise,” since the June layoffs “took away all but one assistant and all of the associates. The associates that were allowed to stay were switched to contract positions and have since left. Basically, it was an elimination by New York of the Houston group from the bottom up.”

Dallas, however, is a different story. It’s more of a standalone office, with a more diversified mix of practices, and it makes a bigger contribution to the firm’s bottom line.

But the latest partner departures do raise serious questions about its future. Which Dallas partners just left, and where are they going?

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