Texan-headquartered Bracewell & Giuliani has raided Bingham McCutchen for its co-head of bankruptcy along with one other partner.
Evan Flaschen will join Bracewell’s Hartford, Connecticut, office as partner, as will his colleague Gregory Nye. Flaschen is best known for representing creditors in the massive Parmalat bankruptcy.
Bingham chairman Jay Zimmerman was sanguine about the departures: “Evan is a small part of our insolvency practice, which remains state of the art.”
Bingham’s bankruptcy team numbers 120, while Bracewell’s stands at just 14.
Flaschen’s and Nye’s departure come just as Bingham’s San Francisco office welcomed an associate general counsel from JP Morgan, Steven Machtinger, into its securities litigation team.
Meanwhile, Bracewell is currently enjoying a growth spurt. The firm’s name partner is presidential candidate and New York City’s 9/11 mayor, Rudy Giuliani. As exclusively reported by The Lawyer (18 September), the firm is launching in London. It has also doubled its office space in New York, an operation launched in 2005 when Giuliani joined the firm.
Bracewell managing partner Patrick Oxford directly attributed the firm’s growth, particularly in New York, to Giuliani. ”The seed we planted two years ago when we opened in New York with Rudy Giuliani as our new name partner continues to bear substantial fruit.”