Insurance firm eyes expansion as means of boosting business.A 10-lawyer firm specializing in insurance coverage and founded by Los Angeles Los Angeles (lôs ăn`jələs, lŏs, ăn`jəlēz'), city (1990 pop. 3,485,398), seat of Los Angeles co., S Calif.; inc. 1850. rainmaker Rainmaker An employee of a brokerage firm who brings a large amount of wealthy individuals or corporations to the brokerage firm's client base. Notes: Rainmakers are usually compensated very well for their efforts (or connections). Kirk Pasich is joining Dickstein Shapiro Sha·pir·o , Karl Jay 1913-2000. American poet and critic known for his early poems concerning World War II and his later works in free verse. Morin & Oshinsky LLP LLP - Lower Layer Protocol in opening its first California California (kăl'ĭfôr`nyə), most populous state in the United States, located in the Far West; bordered by Oregon (N), Nevada and, across the Colorado River, Arizona (E), Mexico (S), and the Pacific Ocean (W). office. Effective later this month, Pasich & Kornfeld will be part of the larger firm's 60-lawyer insurance coverage practice, said Pasich, whose book of business is between $5 million and $10 million. "This year, we had to make a decision," said Pasich, who co-founded the firm 20 months ago after leaving Howrey Simon Arnold & White LLP. "We'd elected to expand our lease and hire more lawyers because ... we needed to expand. This gives us 60 more lawyers who do what we do." Pasich & Kornfeld's clients include Fox Entertainment Group, Sony Pictures Entertainment, Universal Music Group and the Roman Catholic Archidiocese of Los Angeles, which is seeking $1 billion in coverage for settlement and defense costs associated with suits filed by sexual abuse victims. With the deal, four of the firm's six partners, including Pasich, will be partners at Dickstein Shapiro and two will be of counsel. Both firms generated about $800,000 in profits per partner last year. Dickstein Shapiro, with 350 attorneys, currently has offices in New York New York, state, United States New York, Middle Atlantic state of the United States. It is bordered by Vermont, Massachusetts, Connecticut, and the Atlantic Ocean (E), New Jersey and Pennsylvania (S), Lakes Erie and Ontario and the Canadian province of and Washington D.C., where it is based. Michael Nannes, the firm's managing partner, said he expects to grow the Pasich group in the next three years to about 35 lawyers, particularly in the insurance coverage and intellectual property practice areas. Staff reporter Amanda Bronstad can be reached at (323) 549-5225, ext. 225, or at abronstad@labusinessjournal.com. |
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