LATERAL LOGJAM - Demand remains strong for lateral candidates in the Bay Area, but sky high pay is keeping actual lateral moves at bay, Law.com’s Jessie Yount reports. Average partner pay in the Bay Area was around $1.5 million last year, above the national average of $1.12 million. Macrae analysts are anticipating 112 total lateral moves in the Bay Area in 2022. That compares to 131 in 2021, 114 in 2020 and 118 in 2019. “The biggest rub heading into 2023, whether there is a slowdown or not, is the compensation that partners received in the last year or two,” said Macrae legal recruiter Suzanne Kane, adding, ““Firms made use of the money they made in 2021 and locked down their partners with huge bumps in compensation. As a buyer, you could take advantage of a small slowdown in hiring, but compensation is still very high. A year from now, we might be having a different conversation.”
JUDGE YE NOT? - An appellate court has intervened in U.S. District Chief Judge Colm Connolly of the District of Delaware’s unprecedented inquiry into patent assertion entity (PAE) litigation funding to determine… well, basically, whether he should mind his business. As Law.com’s Scott Graham reports, the PAEs accuse Connolly of overstepping his authority, and one accused-infringer appears to have some concerns about the level of transparency Connolly is seeking. Shaw Keller partner Andrew Russell, who’s been chronicling the cases on his IP/DE blog, said it’s hard to say what the Federal Circuit will do, though he did note that the court issued the stay “pretty quickly”—the day after the the writ petition was filed. He also noted that the Federal Circuit stayed only the disclosure order, and not any additional proceedings or upcoming hearings involving different patent owners.
ON THE RADAR - Celebrity hair stylist Kristin Ess and her company Kristin Ess Inc. filed a breach-of-contract lawsuit against Maesa LLC on Tuesday in California Central District Court. The suit arises from a partnership agreement under which Maesa was granted exclusive rights to sell hair care products under the Kristin Ess brand. The complaint, brought by Cooley, accuses Maesa of refusing to sell the company despite being valued at more than $40 million and making numerous changes that have harmed the brand’s reputation. Counsel have not yet appeared for the defendant. The case is 2:22-cv-08553, Ess et al. v. Maesa LLC. Stay up on the latest deals and litigation with the new Law.com Radar.
EDITOR’S PICKS
This content has been archived. It is available through our partners, LexisNexis® and Bloomberg Law.To view this content, please continue to their sites. Not a Lexis Subscriber? Not a Bloomberg Law Subscriber? LexisNexis® and Bloomberg Law are third party online distributors of the broad collection of current and archived versions of ALM's legal news publications. LexisNexis® and Bloomberg Law customers are able to access and use ALM's content, including content from the National Law Journal, The American Lawyer, Legaltech News, The New York Law Journal, and Corporate Counsel, as well as other sources of legal information. For questions call 1-877-256-2472 or contact us at [email protected] You Might Like
6 minute read
Law Firms MentionedTrending Stories
More From ALM
With this subscription you will receive unlimited access to high quality, online, on-demand premium content from well-respected faculty in the legal industry. This is perfect for attorneys licensed in multiple jurisdictions or for attorneys that have fulfilled their CLE requirement but need to access resourceful information for their practice areas.
View Now
Our Team Account subscription service is for legal teams of four or more attorneys. Each attorney is granted unlimited access to high quality, on-demand premium content from well-respected faculty in the legal industry along with administrative access to easily manage CLE for the entire team.
View Now
Gain access to some of the most knowledgeable and experienced attorneys with our 2 bundle options! Our Compliance bundles are curated by CLE Counselors and include current legal topics and challenges within the industry. Our second option allows you to build your bundle and strategically select the content that pertains to your needs. Both options are priced the same.
View Now
Dynamically explore and compare data on law firms, companies, individual lawyers, and industry trends.
Law.com Compass includes access to our exclusive industry reports, combining the unmatched expertise of our analyst team with ALM’s deep bench of proprietary information to provide insights that can’t be found anywhere else.
Law.com Compass delivers you the full scope of information, from the rankings of the Am Law 200 and NLJ 500 to intricate details and comparisons of firms’ financials, staffing, clients, news and events.
July 22, 2024 - July 24, 2024
Lake Tahoe, CA GlobeSt. Women of Influence Conference celebrates the women who drive the commercial real estate industry forward. Learn More
September 05, 2024
New York, NY The New York Law Journal honors attorneys and judges who have made a remarkable difference in the legal profession in New York. Learn More
September 06, 2024
Johannesburg The African Legal Awards recognise exceptional achievement within Africa s legal community during a period of rapid change. Learn More McCarter & English, LLP is actively seeking a midlevel associate for its business litigation practice group in its Wilmington, Delaware ... Apply Now › Texas Tech University School of Law, Lubbock, Texas Summary Information The School of Law at Texas Tech University invites applications f... Apply Now › We are seeking an associate to join our Employee Benefits practice. Candidates should have three to six years of employee benefits experienc... Apply Now › |
