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March 05, 2007 | National Law Journal

Mayer Brown 'De-Equitizes' 45 Partners

Chicago's Mayer, Brown, Rowe & Maw has announced a major restructuring calling for the termination -- or "de-equitization" -- of 45 of its partners, around 10 percent of its total. A spokesman for the 1,500-lawyer firm said the move, first reported in the Chicago Tribune, primarily affected U.S. partners, but he declined to name them. Rival Chicago firm Sidley Austin's 2000 move to de-equitize partners is the subject of an EEOC lawsuit, which claims the firm discriminated on the basis of age.
2 minute read
September 20, 2006 | National Law Journal

Milbank Tweed Opens Fourth Asian Office

Attracted to China's explosive growth, New York-based Milbank, Tweed, Hadley & McCloy has opened a new office in Beijing -- the firm's fourth in Asia and ninth worldwide. In the past year and a half, Milbank Tweed has worked on more than 50 deals worth $40 billion in 12 countries throughout Asia. Anthony Root, head of Milbank Tweed's corporate practice in Asia, is partner-in-charge of the Beijing office and will be joined by four other attorneys.
2 minute read
March 15, 2006 | National Law Journal

Baker Botts Is Latest Texas Firm to Give Associates Raises

Houston-based Baker Botts jumped on the bandwagon Monday and gave its Texas associates a nice, big raise. The firm is following Houston rival Vinson & Elkins, which announced a new, higher salary scale on March 8. Baker Botts also boosted figures all the way up the scale, which means their associates can potentially make a bit more than their V&E counterparts. First-year associates with Baker Botts will be paid a $140,000 base salary and can make up to $10,000 more in bonus pay.
4 minute read
March 17, 2006 | National Law Journal

Buchanan Bumps First-Year Pay to $125,000

Buchanan Ingersoll is among the latest firms to increase first-year associate salaries, moving from $115,000 to $125,000. Buchanan CEO Thomas VanKirk says he recognizes that the firm's starting salary isn't at the level of Morgan, Lewis & Bockius or Dechert, which pay first-years $135,000, but says it's important "to make sure that we not only are competitive in our geographic areas but are perceived as being competitive." Buchanan is also looking at how it may increase pay for subsequent associate levels.
2 minute read
July 20, 2007 | National Law Journal

Andrews Kurth Raises First- and Second-Year Associates' Salaries

One day after Vinson & Elkins' announcement that it was raising Texas and Washington, D.C., associates' salaries, Andrews Kurth managing partner Bob Jewell told associates that the firm will increase first-year associate salaries to $160,000 and second-year associate salaries to $170,000 in its Texas and D.C. offices effective Aug. 1. In an interview, Jewell says Andrews Kurth's management committee is looking at the novel structure V&E unveiled to increase third- through eighth-year associates' salaries.
3 minute read
Law Journal Press | Digital Book Pennsylvania Causes of Action, 12th Edition Authors: GAETAN J. ALFANO, RONALD J. SHAFFER, JOSHUA C. COHAN View this Book

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August 07, 2007 | National Law Journal

Clifford Chance Snags Sidley Partners

Clifford Chance has raided Sidley Austin's white-collar practice in Washington, D.C., picking up three new partners, Juan Morillo, Steven Cottreau and Stephen Nickelsburg. The firm also brought on Wendy Wysong, the former deputy assistant secretary of commerce for export enforcement in the Commerce Department, as a partner. All four will practice in Clifford Chance's litigation and dispute resolution group.
1 minute read
November 27, 2006 | National Law Journal

Orrick Bolsters China Practice With Hong Kong Lateral

Orrick, Herrington & Sutcliffe has beefed up its China practice, snaring structured-finance lawyer Michelle Taylor for its Hong Kong office, the firm said last week. Taylor comes to Orrick from Paul, Hastings, Janofsky & Walker's Hong Kong office, where she was a partner in the corporate group. She'll join Orrick's 23-lawyer Hong Kong office as a partner in the firm's global structured-finance practice.
1 minute read
November 12, 2007 | National Law Journal

Gianni Origoni Split Formalized; 95 Set for December Exit

Italian leader Gianni, Origoni, Grippo & Partners is to officially split at the beginning of December, with 95 lawyers now likely to break away, in the latest phase of an ongoing saga. The break-up follows disagreements between the firm's executive committee and founding partner Francesco Gianni last month over strategic issues including the firm's hiring policy, billable hours and the importance of regional offices.
2 minute read
October 17, 2007 | National Law Journal

Heller Raids Weil Gotshal for Top Exec

Heller Ehrman has poached Weil, Gotshal & Manges' executive director, Brad Scott, for its top administrative spot. Scott fills the vacancy left by longtime Heller executive director Phyllis Gardner, who retired in August. At Heller, Scott will serve on the firm's executive and policy committees, as Gardner did. Heller Chairman Matthew Larrabee said the firm gave the new hire the title of chief operating officer because Scott will "play an active role" with the firm's leadership.
2 minute read
February 05, 2007 | National Law Journal

Linklaters Appoints New Managing Partner

London's Linklaters has appointed Simon Davies as its new firmwide managing partner. Davies, 39, had previously been the Hong Kong-based Asia managing partner for the 2,300-lawyer British firm, one of London's Magic Circle of five leading corporate law firms.
1 minute read

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