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Refugees of disgraced firm Dreier LLP’s Stamford, Connecticut office have reformed as Pastore Osterberg LLC.
The co-founder of the former Dreier office, Joseph Pastore III, says the arrangement will be temporary, as he expects offers from other firms to pick up his stranded group.
Pastore Osterberg formed earlier this month, after Dreier headquarters alerted all remaining lawyers that the firm was no longer covered by liability insurance.
Pastore Osterberg, which like its predecessor focuses on business litigation, is servicing the same 100 clients as the Dreier office.
Pastore has one formal offer in hand from a national firm and said he expects “several more, given the discussions, before year end.”
He is trying to get a deal done by January or February, but added that the process is moving more slowly because there are several attorneys involved.
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Pastore Osterberg currently employs nine full-time attorneys and five part-time attorneys from Dreier, along with three staff members. At its height, Dreier’s Stamford office housed nearly 20 attorneys, 13 of them full-timers, and nine staff members.
Eric Osterberg, who was of counsel at Dreier, is the other name partner.
Via Law.com.
