First name: David
Practice area: Intellectual property
Firm/company (from): Paul Hastings Janofsky & Walker
Firm/company (to): Foley & Lardner
City (from): New York
City (to): New York
Country (from): USA
Country (to): USA
Foley & Lardner has expanded its information technology and outsourcing practice with the addition of a partner from Paul Hastings.
David M. Klein, who worked at Paul Hastings for more than six years, will apply his knowledge of technology-related deals, licensing arrangements, mergers and acquisitions, and joint ventures from a base of operations in Foleys New York office. Im excited to join a firm that is committed to growth in what, to me, are very important practice areas intellectual property and IT transactions, outsourcing, and emerging companies. Foley has a strong institutional focus on IT, IP, venture capital, and emerging companies, and a huge amount of energy when it comes to expanding in these areas, Klein said.
In Kleins view, the move provides him with some flexibility in a legal market where potential clients sometimes shy away from firms charging exorbitant sums for everything from major transactions to licensing work.
In the legal industry, billing rates are getting out of control. Clients are getting sick and tired of paying $1,000 an hour for a lawyer, even a good one. Foley provides much more flexibility than other firms with flat fee billing, capped rates, and reduced hourly fees. I didnt have that flexibility in the past, Klein commented.
Before becoming a partner at Paul Hastings, Klein was a partner at Shearman & Sterling, an associate at Bryan Cave, and an avionics system engineer at Northrop Grumman Corporation.