Since it went and got itself indicted, things have been less than peachy-keen over at Milberg Weiss, everyone’s favorite class-action complaint factory. Milberg has lost oodles of prominent partners to other plaintiffs’ firms. And now things are turning downright ugly:
Patricia Hynes, a former name partner of Milberg Weiss, is crossing over to the other side. Starting today, she will be a senior counsel in the New York office of Allen & Overy, an elite, London-based firm that defends companies against securities-fraud litigation, according to a release issued by A&O. “We are desperately trying to build the U.S component of a great firm,” says A&O partner Pamela Rogers Chepiga,* who notes that she used to work with Hynes in the U.S Attorney’s Office in Manhattan.
Yes, that’s right. Pat Hynes — who was a name partner at Milberg, back when it was called Milberg Weiss Bershad Hynes & Lerach — is going to be a defense lawyer in securities class actions.
Congratulations to Hynes for seeing the light — or, at the very least, the fat paycheck that A&O probably dangled before her.
Milberg Weiss Heavyweight Bolts to the Other Side [WSJ Law Blog]
(Disclosure: Back when we were in private practice, Michael Chepiga got mad at us on the telephone — and was entirely in the right. After changing into dry underwear, we called him and left a voice-mail of one thousand apologies.)