Dewey bags Thelen Reid trio

Thelen Reid & Priest has been hit by the loss of three partners to Dewey Ballantine’s New York office. The losses come just weeks after the firm suffered a split over the election of its new chairman.

Energy and utility specialists Anthony Terrell, Catherine Hood and Michael Fitzpatrick have all joined Dewey’s corporate department.

The additions are part of a spate of lateral hires at the firm, which last week saw Dewey take on Gibson Dunn & Crutcher‘s co-head of insurance and reinsurance David Grais at its New York office.

Despite Thelen Reid’s recent recruitment of former Linklaters partner and business and finance specialist Truman Bidwell, who after being managed out of the UK firm’s New York office took three associates with him, the loss of the three partners is still a blow.

In March Thelen Reid elected Thomas Igoe as chairman to replace longtime incumbent Richard Gary, who has since joined Hildebrandt International as a law firm consultant.

Former vice-chairman Igoe only narrowly claimed victory after winning out against West Coast-based employment and labour partner Charles Birenbaum by just a single vote.

Revenue over the last financial year edged up only slightly by 3 per cent to $209m (£130.6m), although profits per partner dipped to $500,000 (£312,500) from the previous year’s $560,000 (£350,000).

However, the firm’s financials may have been hit by an influx of new partners, which included nine partners from Washington DC’s Arent Fox Kintner Plotkin & Kahn.