TROUBLED firm Davies Arnold Cooper (DAC) is losing its former managing partner Nick Rochez to US giant LeBoeuf Lamb Greene & MacRae.
Rochez, managing partner between 1987 and 1992, is a key player in the
litigation department, one of three major areas DAC is focusing on after
the dramatic restructuring exercise in February when 90 staff were axed.
Alan Jones, joint managing partner at LeBoeuf with Garry Pegg, refused to
confirm or deny the move.
Rochez has been a partner at DAC for 15 years.
One source close to DAC says that Rochez fully agreed with DAC's
wide-ranging restructure plans.
Rochez's clients are understood to include insurance giants Royal & Sun
LeBoeuf's London office has just eight partners. However, the New
York-based firm has approximately 625 lawyers.
Dibb Lupton Alsop head of litigation Neil Micklethwaite says: “Rochez is
very highly regarded in the profession as a litigator and I understand he
controls some of DAC's bigger clients.
“The decision to re-engineer their business in the way they did has caused
a lot of disquiet. They seem to have lost their way a bit.”
Edge Ellison's head of litigation Digby Rose says: “I think this makes it
more likely that DAC will merge with another firm.”
DAC is restructuring its London office and intends to launch further
premises in the South and South West.
It is also keen to develop its dispute resolution department and has been
engaging in secret merger talks with high-profile dispute resolution firm
Rochez and DAC managing director Nick Sinfield were unavailable for comment.