Report this comment to a moderator

IP exits add to Mayer Brown lev fin walkouts

I would just add two comments. Firstly, the "go forward" partners who went into the merger with Mayer Brown, led by Maher, were a very cohesive unit. That continued well into the early years of the merger under Maher and it was only when the US decided to exert greater influence after the events of 2007 that this changed. Perhaps a case of "divide and conquer" by the powers that be in Chicago (and some in London too) who felt threatened by Maher's influence. Secondly, the current crop of departures are made up of two types of partner - expensive laterals who came in on guaranteed packages and who either failed to deliver or for whom MB could not provide an adequate platform, and longer serving home-grown partners who have grown disillusioned with the emphasis that has been placed on and money that has been thrown at these shiny new toys to their detriment. It is in this respect that the current management regime have got things horribly wrong and I think you will find that there are far more partners in that category who have left or who are leaving than there were in Maher's time in charge.

13-Jan-2011

4:47 pm