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Two icons of the Internet age -- CSFB investment banker Frank Quattrone and law firm Brobeck, Phleger & Harrison -- are set for a tumble. Brobeck will take down its shingle, and Quattrone has been named in a lawsuit to be filed by NASB.
San Francisco-based Brobeck, at its dotcom height in 2000, employed 900 attorneys with partners averaging $1.2M in compensation.
Quattrone, who boasted in 2000 that "We're going to be #1 [among investment bankers]", has been notified that the National Association of Security Dealers will file civil charges against him. The charges revolve around accusations that Quattrone allocated precious IPO shares to the personal accounts of Silicon Valley tech executives in exchange for their company's banking business.
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