Lost and Found: Dow Lohnes Loses Pair, Lands Deal Work
Struggling with the loss of a key client and a series of lateral defections, former Am Law 200 firm Dow Lohnes lost two more partners Friday, with Venable confirming its hire of Ralph Hardy Jr. and Stephanie Loughlin.
The Am Law Daily reported late last month on Dow Lohnes holding talks with potential merger partners as it grapples with a steep decline in its attorney head count and the decision by key client Cox Communications to diversify its panel of outside legal advisers.
Dow Lohnes did get some good news this week when it landed the lead role advising Digity LLC—a newly formed company backed by broadcast industry veteran Dean Goodman and Garrison Investment Group—on its purchase of 33 radio stations from NextMedia Group. (Allen & Overy alum Julian Weldon serves as a managing director and chief compliance officer for New York–based Garrison.)
Financial terms of the deal were not disclosed; a press release announcing the transaction notes Dow Lohnes’s role representing Digity. Schulte Roth & Zabel and telecommunications boutique Wilkinson Barker Knauer are advising suburban Denver–based seller NextMedia. (Former Wilkinson partner Maureen Ohlhausen was sworn in last year as commissioner of the Federal Trade Commission.)
As for Dow Lohnes, the firm saw patent practice chair David Long decamp last week for Kelley Drye & Warren's office in Washington, D.C. Long, who joined Dow Lohnes in early 2011 from the dissolving Howrey, will reunite with former colleagues Adisa Bakari and Jeffery Whitney, who headed Dow Lohnes’s sports and entertainment practice before joining Kelley Drye in mid-September, according to our previous reports.
Hardy and Loughlin, who left Dow Lohnes earlier in the week and are based in Washington, D.C., did not respond to requests for comment about their decision to join Venable.
Loughlin, now a member of Venable's tax and wealth planning group, is a former head of Dow Lohnes’s tax planning practice. Hardy had been with Dow Lohnes since 1974, working both as a corporate and finance partner with the firm and as a senior adviser with its Dow Lohnes Government Strategies unit.
The Blog of Legal Times, a sibling publication, has more on the Hardy and Loughlin moves to Venable. Two other former D.C.–based counsel at Dow Lohnes, Kristin Woolf and Leslie Wiesenfelder, have also recently left the firm. Woolf is now a senior tax manager with global accounting firm Deloitte.