Archive for October 2006

Stradley Ronon Adds IP Attorney to Phila. Office

October 9, 2006

Stradley Ronon Stevens & Young added Kim R. Jessum as of counsel in its Philadelphia office.

Jessum is a former patent counsel for Rohm and Haas Company and will work in the firm’s intellectual property practice group.

Her practice will focus on patent, trademark, copyright and trade secret matters. She represents chemical, pharmaceutical and biotechnology companies in litigation and transactional matters.

Along with her law degree, Jessum has a master’s degree in biotechnology/biopharmaceuticals and a bachelor’s degree in chemical engineering. She currently serves as president of the Benjamin Franklin American Inn of Court.
 
–Gina Passarella, Staff Reporter

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Gregory B. Jordan Re-elected Reed Smith MP Through 2009

October 5, 2006

Reed Smith partners voted managing partner Gregory B. Jordan into a third term that will begin on Jan. 1, 2007 and conclude on Dec. 31, 2009.

When he assumed the position for the first time on January 1, 2001, he became the youngest elected managing partner in Reed Smith’s 125-year history.

Under his leadership, the firm has grown from nine to 20 offices and from 500 to nearly 1,400 attorneys.

Since 2000, Reed Smith’s revenue went from $165 million annually to $750 million projected upon the full integration of the firm’s announced merger with London’s Richards Butler firm.

Jordan’s private clients include financial services companies and entertainment companies. His practice involves banking and financial services litigation, securities and derivative litigation, trade secrets, media and first amendment litigation.

— Gina Passarella,  Staff Reporter  

More Thoughts on Pittsburgh Bankruptcy Work

October 5, 2006

In  the Sept. 27 edition of The Legal, several  Pittsburgh bankruptcy and corporate partners gave their thoughts on whether the bankruptcy attorneys were about to see an upswing in work.  The answer: a pretty resounding “no.”

In a follow-up to that article, Norman E. Gilkey of Babst Calland Clements & Zomnir offered his thoughts on what life as a bankruptcy lawyer has been like through this latest cycle.

“Undoubtedly, none of the ‘slower’ times I’ve witnessed/survived has been as long or as odd as this one has been,” Gilkey said. “I’ve been hearing for more than a year that busy times for business debtor-creditor rights lawyers are ‘just around the corner. ‘   Well, the ‘corner’ hasn’t arrived.”

According to Gilkey, hedge funds and venture capitalists are bigger players in the market than they ever used to be and banks are competing for business with much more intensity. Bankruptcies are often delayed because venture capitalists will step in and buy a distressed company before it gets to the bankruptcy stage, Gilkey said.

Because Pittsburgh often follows other large cities by a few years in industry trends, he said any hint of a downturn in the economy would hit Pittsburgh later than other cities.

Gilkey said Pittsburgh bankruptcy attorneys are doing more work outside of the commonwealth. He said he knows of no firms that are looking to add bankruptcy lawyers.

One positive for Gilkey during this slow time — he said he was able to play more golf this summer than in the last five years combined. 
 
— Gina Passarella , Staff Reporter.