The Daily Business Review reports Larrdy Gordich, who served as chair of the firm’s bankruptcy and creditors’ right practices, is leaving with partners Norman Segall and Norman Silber to start their own firm. Partner Stephen Siegel is also leaving to become an in-house counsel, but will remain as of counsel at Ruden McClosky.
In the report, Managing Partner Carl Schuster called the departures “amicable” and said the group will continue to serve as co-counsel on “numerous cases.” He added the departure of Gordich had to do with the fact many of his clients are debtors and a conflict of interest arose with many of the firm’s banking clients.
The firm will continue to have a presence in Miami, Schuster said, though the firm is trying to ‘divest’ its current office and find a smaller space.
Ruden McClosky fell out of the National Law Journal’s ranking of the nation’s 250 law firms last month when the number of attorneys at the firm dropped to 123 from a high of 175 at the beginning of 2009. Schuster continues to insist the 51-year-old firm is not dissolving.