LAWFUEL – Mayer, Brown, Rowe & Maw, in the middle of a gut-wrenching restructuring, lost a high-profile Chicago partner and revenue generator to a competitor, the Chicago Tribune reports.
Alan Salpeter, a trial lawyer who has represented major banks and accounting firms, notified the firm Friday that he is moving to the Chicago office of New York law firm LeBoeuf, Lamb, Greene & MacRae. Salpeter, who joined Mayer Brown in 1972 out of Villanova University School of Law, is one of the highest-compensated partners at the firm, according to sources inside Mayer Brown, who declined to reveal his salary.
A partner at LeBoeuf’s Chicago office confirmed the move. Salpeter did not return a phone call seeking comment.
The departure of a rainmaking lawyer comes at a difficult time for Mayer Brown, one of the nation’s 10 largest law firms in terms of revenue. In March the firm said it was firing or demoting 45 partners to boost profitability, an unusually large retrenchment for a major law firm. The downsizing was announced after several partners from its New York office had already left.