Bloomberg News

Dewey Loses Two More Partners to DLA Piper, Reed Smith

April 10, 2012

Two more Dewey & LeBoeuf LLP (1151L:US) partners in London left the law firm, this time for Reed Smith LLP (1157L:US) and DLA Piper LLP (1191L:US).

Nicholas Rock, co-head of Dewey’s environmental litigation practice group, handed in his notice last week to join Reed Smith, Dewey spokesman Duncan Miller said today in a phone interview. Partner Prakash “PK” Paran left for DLA Piper, bringing the total partner departures from the firm’s London office to four this year, Miller said.

Since January, 49 partners have left New York-based Dewey amid complaints about compensation and the restructuring process. The largest contingent to leave was a group of 12 insurance and regulatory lawyers who went to Willkie Farr & Gallagher LLP (1179L:US) last month.

Some partners left at the firm’s insistence while others “didn’t feel they fit in with the new structure,” Dewey said in a statement last week. The firm, which reorganized its chairman’s office to include the heads of its most-profitable practice groups, said in the statement that it expects additional departures.

Paran’s hire continues DLA Piper’s expansion of its London insurance industry practice, the firm said today in a statement. In addition to Paran, DLA Piper hired former Dewey lawyers Roger Loo and Melanie James, who will join the firm as counsel, DLA said.

‘Premier Insurance Markets’

“London is one of the world’s premier insurance markets and the hire of PK will enable us to further our strategic goal of establishing DLA Piper’s London corporate group as a leading City practice,” Charles Severs, head of DLA Piper’s U.K. corporate group, said in the statement.

Eight lawyers have left Dewey for DLA since January, including four partners, Melissa Mandel Kvitko of Rubenstein Associates, a spokeswoman for the firm, said in a phone interview. The hires include Bill Marcoux, formerly the co-head of Dewey’s insurance sector group, who now heads DLA’s insurance sector transactions and regulation practice, and mergers-and- acquisitions partner John Altorelli, who left Dewey last week with three other lawyers to serve as co-chairman of DLA’s U.S. finance practice.

The announcement of Altorelli’s departure on April 3 was followed the next day by news that Washington-based Patton Boggs LLP hired four of the firm’s insurance lawyers, including John Nonna, chair of Dewey’s insurance dispute resolution group.

To contact the reporters on this story: Sophia Pearson in Philadelphia at spearson3@bloomberg.net; Jeremy Hodges in London at jhodges17@bloomberg.net

To contact the editor responsible for this story: Michael Hytha at mhytha@bloomberg.net


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