L.A. Law Firm Hires 30 From Mudge, Rose
Scoring a coup in legal circles, Los Angeles-based law firm Latham & Watkins has reached agreement to hire about 30 business attorneys from the venerable but struggling Wall Street firm Mudge, Rose, Alexander, Guthrie & Ferdon, sources familiar with the deal said Wednesday.
The lawyers at Mudge, Rose--a 125-year-old firm where former President Richard Nixon worked--include key members of its litigation department, the sources said.
Amid recent financial problems and client defections at Mudge, Rose, the lawyers had been the objects of heated recruiting efforts by several major law firms, the sources said.
Latham & Watkins’ ability to land the entire group is considered a boost for the 675-lawyer firm, which was founded in 1934. The group handles such matters as product liability and intellectual property cases for corporations.
The hirings are subject to approval by Latham & Watkins’ 225 partners, who are scheduled to vote Friday, the sources said.
Mudge, Rose officials could not be reached late Wednesday.
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