Law Firms: Legal Eagles on the Wing

Legal Eagles on the Wing

The feud at the blue-chip New York City law firm of Lord, Day & Lord had been simmering for the past year. Gordon Spivack, a senior partner and head of the firm's profitable antitrust group, was fighting to double the number of partners in his division from seven to 14, to reward his associates, or junior lawyers, with a share of the firm's profits. But the leaders of the 125-lawyer firm jibbed at his demands. Last week Spivack stalked out of L.D.&L., taking the entire 20-lawyer antitrust division, including nine partners, with him to Coudert Brothers, a rival New York firm.

...

Want the full story?

Subscribe Now

Subscribe
Subscribe

Get TIME the way you want it

  • One Week Digital Pass — $4.99
  • Monthly Pay-As-You-Go DIGITAL ACCESS$2.99
  • One Year ALL ACCESSJust $30!   Best Deal!
    Print Magazine + Digital Edition + Subscriber-only Content on TIME.com

Learn more about the benefits of being a TIME subscriber

If you are already a subscriber sign up — registration is free!