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Cadwalader Wickersham & Taft has lost another partner from its New York office as news breaks of further cuts from the beleaguered firm’s lawyer ranks.
Mayer Brown has snared reinsurance partner and disputes specialist Clifford Schoenberg. Schoenberg, who is thought to have left Cadwalader earlier this week, is set to join Mayer Brown as a partner on Monday (26 January).
The departure is the latest in a string of defections to rock Cadwalader on both sides of the Atlantic. Earlier this month, bankruptcy partners Bruce Zirinsky and John Bae moved to Greenberg Traurig (9 January).
Just days later, The Lawyer exclusively revealed that Cadwalader’s London office had suffered a seven-partner defection to Paul Hastings, leaving the office with just four partners (14 January).
Schoenberg’s defection comes in the wake of further job cuts at the US firm. Today it emerged (on legal blog Abovethelaw.com) that nine associates were being shed in the firm’s Charlotte and New York offices. The firm has also made salary cuts in the Charlotte office.
A spokesperson said: “Cadwalader confirms limited terminations of a few associates in the Charlotte and New York offices; and adjustments to our Charlotte-only compensation schedule.”
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