Monday, May 13, 2002

Brobeck Partners to Leave for Clifford Chance?

Brobeck’s Snow Set to Jump to Clifford Chance, U.K. Paper Says. Tower Snow Jr. and 10 other securities litigation partners at San Francisco’s Brobeck, Phleger & Harrison were mum Monday about a British press report that they were set to leave Brobeck for Clifford Chance Rogers & Wells. Reportedly, Clifford Chance is to vote Friday whether to take on the group, which would give the firm a presence in California and a national footing. []

It has been a tough year for Brobeck. Their attorney ranks have shrunk by 26% (mostly by layoffs, but attrition is included), they pulled their first-of-a-kind-for-law-firms ad campaign on CNN and MSNBC (and the CMO left as a result)their managing partner (Tower Snow) was ousted, profits per partner are down more than 40%, they let more than half of their team of KM lawyers go, and now this. If it materializes, it will be a major coup for Clifford Chance (did you know they were the largest law firm in the world?) who has not yet established a major presence on the West Coast.

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