Credit Suisse First Boston (CSFB) has lost two highly respected in-house lawyers to the New York office of Heller Ehrman White & McAuliffe LLP
The first is Joseph McLaughlin, the highly renowned current chairman of CSFB's foundation trust and former executive vice president of legal and regulatory affairs. McLaughlin will join the firm on 1 September 2002 as a shareholder and chair of the New York office. Prior to joining CSFB, McLaughlin was the head of litigation at Shearman & Sterling and spent 10 years on the management committee. The second lawyer exiting CSFB is Karen Crupi-Fitzgerald, who was director, counsel and group head of the bank's equity division of the legal and compliance department. She will also join as a shareholder in the securities litigation team. She worked with McLaughlin at Shearman & Sterling, where she was the US counsel and the firm representative to Freshfields on US and transactional litigation matters. The two appointments reflect the firm's concentrated effort to boost its securities litigation team across the US. To compound this, another appointment has been made in the firm's Los Angeles office. Michael Cypers has recently joined as a shareholder from Alschuler Grossman Stein & Kahan, where he was a partner in the firm's securities litigation practice. Litigation forms the backbone of the firm's focus, with 375 of the firm's 600 lawyers practising in this area. There are 20 partners nationwide who specialise in securities litigation. The firm acts for class actions and derivatives claims, as well as regulatory and law enforcements investigations and proceedings, with expertise in acting for accountants such as Pricewaterhouse-Coopers, KPMG, Ernst & Young and Deloitte & Touche. Heller Ehrman chairman Barry Levin told The Lawyer: "The hires reflect the firm's continued effort to expand one of the largest litigation teams in the US."