January 28, 2016 |
Blank Rome, a Center City-based law firm with 550 lawyers, is reportedly in merger talks with Washington-based Dickstein Shapiro, and a deal could be announced within weeks. A national firm with a substantial regulatory practice in Washington, Dickstein has been plagued in recent years by partner defections. It once had as many as 500 lawyers, but has now dwindled to about 150. Blank Rome declined to comment on the merger talks, first reported by Bloomberg News, but a person familiar with the situation said that no final decision had been reached and that the talks could break off without an agreement.
January 10, 2016
In the Region Crozer-Keystone Health sold Crozer-Keystone Health System signed a definitive agreement to be acquired by for-profit Prospect Medical Holdings Inc. of Los Angeles, the Delaware County organization said Friday. The nonprofit system includes Crozer-Chester Medical Center, Delaware County Memorial Hospital, Taylor Hospital in Ridley Park, Springfield Hospital in Springfield, and Community Hospital in Chester. Prospect has agreed to invest at least $200 million during the next five years in Crozer facilities, which have been starved of capital investment, according to Moody's Investors Service . Prospect, which owns 13 hospitals in California, Texas, and Rhode Island, also agreed to provide $100 million for Crozer's pension liability and will pay all benefits to beneficiaries within five years of closing, Crozer said.
January 10, 2016 |
An affiliate of Maguire Hayden Real Estate Co. has paid $98.4 million for the 300 Four Falls office building in West Conshohocken, according to Cozen O'Connor, which represented the buyer in the deal. Maguire Hayden closed Friday on the seven-story, 298,482-square-foot property, Cozen O'Connor said in a release. The property is the biggest Class A office buiding in the West Conshohocken market, it said. The building was sold by a consortium of investors whose interests in the property were managed by National Asset Services of Los Angeles, Cozen O'Connor said.
December 31, 2015
Increases in starting salaries in 2015 for first-year associate lawyers in Philadelphia: Starting Salary Firm 2014 2015 Dechert $145,000 $160,000 Pepper Hamilton $140,000 $150,000 Drinker Biddle & Reath $145,000 $160,000...
December 16, 2015 |
The Center City law firm Fox Rothschild said it would merge with the Minneapolis-based Oppenheimer Wolff & Donnelly in January, bringing the number of lawyers at the Philadelphia firm to more than 700. Fox Rothschild has been on a steady growth trajectory since early 2014, when the number of lawyers stood at 530. Its strategy of focusing on a large and diverse group of clients, many of them privately held businesses, has helped to insulate it...
December 11, 2015 |
The Temple University Faculty Senate has passed a motion that "condemns" Bill Cosby in connection with the sexual assault allegations against him and board of trustees chairman Patrick O'Connor for representing him while they both served as university trustees. The faculty vote comes amid ongoing criticism of the university for failing to denounce Cosby, accused of sexually assaulting dozens of women over several decades, Art Hochner, president of the Temple faculty union, said Wednesday.
December 1, 2015
Public Interest Law Center , Philadelphia, has elected the following board members: Judy Yun, senior counsel at AstraZeneca Pharmaceuticals; Matthew Glazer, a member at the law firm Cozen O'Connor; and Michael McKeever, CEO and managing shareholder of KML Law Group P.C. Roger LaMay, general manager of WXPN in Philadelphia, has been named chair of the National Public Radio board of directors in Washington. He will continue his three-year term as board member. The NPR board guides the direction of the public broadcaster, setting policies and strategy, providing financial oversight, and monitoring performance.
November 9, 2015 |
WASHINGTON - Catherine Botticelli has seen some big changes in Washington since she started working there as a lawyer in the 1990s. The reach of Washington regulators has extended and so has their scrutiny of U.S. businesses. More and more, oversight agencies and law enforcement go after not only companies but also the people who run them. "After the  credit crisis, there was this sense that people commit wrongful acts, not just companies," said Botticelli, a senior partner at Dechert L.L.P., a global law firm based in University City.
October 28, 2015 |
Debbie K. Lubonski, 60, of Easton, Md., who rose to manager of information systems while at the Philadelphia Convention and Visitors Bureau from 1991 to 1995, died of complications from cancer on Thursday, Oct. 22, at Thomas Jefferson University Hospital. "The most important characteristic" that Ms. Lubonski showed over the years, Harvey Brodovsky said, "is courage. " Dr. Brodovsky, whose speciality was oncology, said he was her physician from the time she graduated from high school until he retired.
October 2, 2015 |
A federal judge in Manhattan has dismissed the government of Saudi Arabia as a defendant in a long running lawsuit alleging it was responsible for the Sept. 11, 2001 attacks. Federal District Judge George Daniels said on Tuesday that the plaintiffs failed to show the desert kingdom participated in the plot. It was the second time in the 12-year litigation battle that Saudi Arabia has been been dropped as a defendant. It was first dismissed in 2005, but later restored as a defendant by an appeals panel.