Hausfeld LLP has announced the opening of its D.C. office and has named it the firm's global headquarters. The office is located at 1700 K St. N.W.
Hausfeld’s founder Michael Hausfeld says the office is "up and running," as are the firm’s New York, Philadelphia, and San Francisco offices. Hausfeld adds that the he expects the firm’s London office to open for business in about two to four weeks.
The K Street location was chosen over other spots in the Dupont Circle and Foggy Bottom areas because Hausfeld says it was "readily available." After Hausfeld was expelled in November from then-Cohen Milstein Hausfeld & Toll (now renamed Cohen Milstein Sellers & Toll), he was occupying space in Venable's Washington office. Nearly three months after Hausfeld’s expulsion, Cohen Milstein and Hausfeld are still in dispute over clients and cash.
Hausfeld declined to say what he paid for the 16,000 square feet K Street location, but did say “it was less expensive than it would have cost a year ago.” Thomas Fulcher Jr., the co-manager of the Washington office of the real estate firm Studley, says the Hausfeld suite on the sixth floor is situated in the nicest space on the floor – primarily overlooking Farragut Square and K Street. Fulcher adds Hausfeld probably paid $55 or $56 per square foot.
The firm also announced that it had elevated eight associates to equity partner: Megan Jones, James Pizzirusso, Hilary Ratway, Andrew Bullion, Brent Landau, Steig Olson, Chris Lebsock, and Jon King. Hausfeld says the firm has “eliminated the non-equity category.” According to the firm's Web site, Hausfeld now has 15 equity partners (including the recently promoted partners).