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Practice Notes
Bingham McCutchen finalized its acquisition of entertainment attorney Marshall Grossman's 40-lawyer L.A. litigation shop, Alschuler Grossman. Grossman, 68, said he agreed to stick around for at least five years in exchange for a compensation package worth at least as much as he'd made at his old firm, which colleagues there said was about $2.5 million. Neither Grossman nor Bingham Chairman Jay Zimmerman would comment on whether other Alschuler partners would be guaranteed salaries.
Grossman said his litigation shop grosses about $40 million; he brings a book of business he estimated at about $15 million. Grossman has been angling to join up with a national firm for more than a year, an ambition that wasn't shared by former name partners Stanton 'Larry' Stein and Robert Kahan. On Jan. 1, they split off, with about 35 lawyers, to form Dreier Stein & Kahan.
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