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A new strategy for acquisition-hungry law firmBy SCOTT BARANCIK, Times Staff Writer© St. Petersburg Times published November 25, 2002 Long known for its acquisition-fueled growth, Holland & Knight went against character in April, laying off 230 employees, 60 of them lawyers. About a month later, the Tampa Bay area law firm unveiled a plan to make associate pay more performance based. Apparently Holland is serious about financial oversight. Earlier this month, it hired its first chief financial officer, Carl Culler, the former CFO at Pillsbury Winthrop, a New York law firm. Culler, who declined an interview request, has some fat-cutting experience of his own. In the past year alone, his former firm shed 17 percent of its lawyers, down to 721, according to the National Law Journal. The reductions followed a difficult merger between Pillsbury's New York and San Francisco predecessors. Culler will share senior management duties with chief administrative officer Herbert Albritton Jr., Holland said.
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