Schulte Roth & Zabel, which specializes in hedge funds, is taking advantage of the disintegration of a fellow New York law firm to bolster its private equity practice.
Schulte Roth has hired a dozen lawyers from Dewey & LeBoeuf, including partners Joseph Smith and Marshall Brozost. Smith was global head of the private equity practice at Dewey, which has lost two-thirds of its 300 partners and is widely seen as headed for bankruptcy and dissolution.
"We are delighted to combine our private fund formation and real-estate practices with the broad capabilities of the SRZ platform," Smith said. "We believe that SRZ's uniform commitment to excellence and the collegial nature of their partnership will ensure the highest standards of service to our clients."
In addition to Smith and Brozost, Schulte Roth hired of counsel Sanford Morhouse, special counsels Russel Perkins, Shawn McCune and David Miller, and associates Jason Behrens, Geoffrey Butler, Lauren Cook, Lauren King and Jennifer Lew. The hires represent the largest single lift-out in Schulte Roth's history.