Dechert’s string of partner losses has lengthened further after another partner prepares to leave the firm.
In an internal email circulated around Dechert late last week, the firm revealed that it had reached a mutual agreement with property partner Michael Hallowell over his departure. It is understood that a date for Hallowell’s last day at the firm is still to be decided.
His exit follows a string of others since the firm began a protracted refocusing following the merger between Titmuss Sainer Dechert and Dechert Price & Rhodes in July 2000.
Most recently this has included London corporate partner Janice Wall who opted to join Reading firm Pitmans in July. Other losses have included insurance partner James Lewis who left for LeBoeuf Lamb Greene & MacRae in March and the former head of Dechert’s City construction practice Charles Brown who moved to the London office of Duane Morris.
However, the firm began a fight-back earlier in the year when it swooped on Morgan Lewis & Bockius to acquire an eight-strong securitisation team that included the former chairman of the group, Steven Molitor.