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March 31, 2006 | National Law Journal

Akin Gump Bumps Associate, Counsel Pay in Texas

Associates and counsel at Akin Gump Strauss Hauer & Feld's Texas offices are getting a raise. First-year associates will earn a base salary of $135,000, plus a $5,000 guaranteed bonus. Partner Daniel Micciche says Akin Gump will still award yearly merit-based bonuses, which range up to $50,000 and are based on more factors than other firms' "mechanical system based on billable hours." Earlier this year, Akin Gump hiked salary scales for associates and counsel in California, New York and Washington, D.C.
3 minute read
March 13, 2006 | National Law Journal

Andrews Kurth Raises Associate Salaries Retroactive to Jan. 1

Following Vinson & Elkins' lead, Andrews Kurth is the second large Texas firm to raise its associate salary scale. But Andrews Kurth upped the ante: While V&E's salaries are retroactive to March 1, Andrews Kurth will pay its new salaries retroactive to Jan. 1. The last time the Texas market took a leap was in 2000, when the market stabilized with first-year associate salaries at $115,000. Now the question is: Which firms will get in line on this go-around?
2 minute read
March 02, 2007 | National Law Journal

Ex-Sullivan Associate Moves to Dismiss Firm's Suit

Former Sullivan & Cromwell associate Aaron Charney has moved to dismiss the firm's suit against him for disclosing client and firm confidences, arguing that most of the alleged confidences had already been made public by the firm. The firm had sued Charney in response to his own suit, which alleged he had been subject to discrimination by partners on the basis of sexual orientation. In its suit, the firm claimed Charney improperly disclosed confidential information in his complaint and in media interviews.
2 minute read
March 05, 2007 | National Law Journal

Covington Snags MoFo Partner

Covington & Burling has snagged David Bayless, a Morrison & Foerster partner who served as head of the SEC's San Francisco office in the late 1990s. Bayless leaves behind MoFo's large securities litigation practice after more than seven years, for one at Washington, D.C.-based Covington known for its former government lawyers. Whether defending clients in hot water with the SEC or conducting internal investigations, Bayless has served clients from Charles Schwab & Co. to computer maker Gateway.
2 minute read
October 12, 2006 | National Law Journal

Recent Survey Shows Litigation on the Rise for U.S. Companies

According to Fulbright & Jaworski's third annual survey of litigation trends, the average U.S. company faced 305 suits worldwide, and spent more than 70 percent of its overall legal budget on litigation. Also, nearly two-thirds of U.S. companies that participated in the survey hired outside counsel to conduct an internal investigation. The report, made public on Tuesday, includes information provided by in-house lawyers at 422 companies worldwide.
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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November 28, 2007 | National Law Journal

Thacher Proffitt Warns Associates of Looming Layoffs

Thacher Proffitt & Wood informed about 50 associates Tuesday that their futures at the firm were uncertain because of the collapse of the market for mortgage-backed securities, an area where the firm had had a leading practice. Among those impacted by the warning were 24 non-first-year associates who were told they were almost certain to be laid off in January unless the credit market substantially improved. Also, 29 first-years were offered the option of taking four months' severance and leaving the firm.
2 minute read
May 02, 2007 | National Law Journal

Proskauer Rose Corporate Partner Joins WilmerHale

WilmerHale has recruited a corporate partner from Proskauer Rose. Brian B. Margolis specializes in equity offerings, including initial public offerings, for companies in the technology, media and life sciences industries.
1 minute read
February 01, 2007 | National Law Journal

WilmerHale, Steptoe & Johnson the Next to Raise First-Year Pay in D.C.

WilmerHale and Steptoe & Johnson both raised pay for first-year associates in their D.C. offices to $145,000 Wednesday, joining the competition and establishing a new benchmark in the Washington market. WilmerHale also announced it would match the market price of $160,000 for its New York office. Steptoe raised salaries in its New York office to $145,000.
2 minute read
May 10, 2006 | National Law Journal

Akerman in Merger Talks With Wickwire

Florida-based Ackerman Senterfitt, with more than 400 lawyers in 10 offices, is in merger talks with 45-lawyer Virginia-based Wickwire Gavin. Should they merge, Akerman's hurricane infrastructure practice and Wickwire's construction and contracts work could prove a potent combination. "The boards met and have decided to see if the numbers work," says Richard Spees, managing partner of Akerman's D.C. office.
2 minute read
August 27, 2007 | National Law Journal

Holland & Knight Scholarship to Provide Tuition, Summer Associate Job

Holland & Knight has endowed a scholarship for second-year students at Florida A&M University's law school that will cover full tuition and guarantee the recipient a summer associate position with the firm. This year, the scholarship will pay $7,178 of the in-state tuition for a student Holland selects from the historically black university. "We hope this will give us a broader pool of lawyers to choose from to meet our goal in having a diverse law firm," partner Martha Barnett said.
2 minute read

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