Looper Reed & McGraw loses founding partner
Looper Reed & McGraw will see the departure of one of its founding partners after a disagreement about the future direction of the firm. Donald Looper worked with the firm for 28 years and headed its corporate practice group.
Looper plans to launch a new transactional boutique where "quality legal services and having fun, with clients and our colleagues, matter and where everyone shares in creating the vision for the future."
Looper Reed will henceforth be known as Gray Reed & McGraw.
Managing partner J. Cary Gray explained that the split was caused by a disagreement about whether to expand the firm's corporate practice: “While our litigation/family/employment practices and our industry-specific transactional practice areas, such as energy and healthcare, have grown and flourished, Don insisted on keeping our corporate practice relatively small, certainly as compared to the needs of our clients and other practice areas within LRM," he said.
“While nobody is right or wrong, the firm’s board reluctantly concluded these differences of philosophy are irreconcilable."