Minority firm battles as political tides shift; Williams & Harris, once the top muni bond underwriters' counsel, must prove itself without patrons

Article Abstract:

New York firm Williams & Harris is struggling to regain its credibility and stature after plummeting into eighth in the list of national counsel to municipal bond underwriters, after two years as No 1. The 15-lawyer firm, founded in 1984, is broadening its base of litigation and corporate clients, who already include Chemical Bank, Bank of America, Bear Stearns, McDonalds, and General Motors. It relied too heavily on public finance activity, and suffered in a political change that devalued minority firms and bond issues.

Law firms, Williams and Harris

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Litigators bolt Shearman & Sterling; renegades say they were low in the partner caste system at N.Y. firm

Article Abstract:

Several well-known trial lawyers have since 1994 left New York City's corporate law firm Shearman and Sterling for employment with other major firms. Reasons for the departures differ but in the view of at least a few of the attorneys a perceived imbalance of power and pay is to blame. Corporate partners get a disprortionate share of money and power, according to these attorneys. Among those who departed in 1997 are Dennis Orr, Joseph T. McLaughlin and Richard P. Kendall.

Officials and employees, Attorneys, Shearman and Sterling

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