Lord Day & Lord
From Wikipedia, the free encyclopedia
Lord Day & Lord was a large, blue-chip New York City law firm. It was established in 1845 by Daniel Lord, his son Daniel De Forest Lord, and his son-in-law Henry Day. The firm had retained the same name until 1988 when it merged with smaller firm Barrett Smith Simon & Armstrong to become Lord Day & Lord, Barrett Smith. Barrett Smith was a firm of 65 attorneys (which then qualified as mid-sized) that focused on white collar criminal defense litigation, commodities and aircraft leasing. Its brought major clients the Coffee, Sugar and Cocoa Exchange, Merill Lynch and British Airways. Lord Day's traditional clients were the American Stock Exchange, Cunard Line, The New York Times, and Chemical Bank. The combined firm maintained offices in New York City, Washington, D.C. and London. Prior to the consummation of the merger however, rival New York firm Chadbourne & Parke lured away the entire corporate tax team from Barrett Smith, approximately 30 attorneys. Similarly the 20-strong flagship white collar group of legacy Barrett Smith defected to Kirkpatrick & Lockhart shortly after the merger.
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[edit] Dissolution
It unraveled in October 1994 amid mounting partner defections and discord. At the time of dissolution it employed 125 lawyers. About 50 attorneys joined the New York office of the Philadelphia-based law firm Morgan, Lewis & Bockius. The firm had been buffeted by partner departures and declining revenues while it still had the large commercial office rent of $6 million per year for its Wall Street offices.
[edit] Famous alumni
- James Goodale, the former General Counsel and Vice Chairman of The New York Times.
- Herbert Brownell, Jr., the Attorney General of the United States in President Dwight D. Eisenhower's cabinet from 1953 to 1957.
- David Schwartz-Leeper, Senior Vice President and General Counsel of Nielsen Media Research.[1]
- Todd Stitzer, CEO of Cadbury Schweppes.[2]
[edit] Further reading
- Hoffman, Paul (1973). Lions in the Street: The Inside Story of the Great Wall Street Law Firms. New York: Saturday Review Press. ISBN 0-841-50235-8.
