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Associate Pay Cuts Here to Stay, Say Firms, Analysts
A growing number of managing partners and management consultants say recent cuts to associate compensation aren't a temporary phenomenon. And some predict an even more significant correction to entry-level lawyer salaries coming in the year ahead. Since February 2009, at least 19 Am Law 200 firms have rolled back entry-level pay. And the pace of change appears to have picked up in recent months, with some global firms announcing far-reaching changes. Even at Wall Street firms, change is in the air.Choosing Sides in Tort Reform War
Florida's war over sweeping changes in the civil justice system will soon move onto a new battleground, and combatants are already suited up. Opponents of the massive lawsuit limitation package passed by the state legislature earlier this year, led by the Academy of Florida Trial Lawyers, plan to file their long-expected suit challenging the constitutionality of the so-called tort reforms in the next month. Both sides signed up some of the state's most highly regarded lawyers to wage the fight.Gardener With Ties to David Boies Accused of System Abuse in Long-Running Litigation
A Florida judge has handed a major victory to a West Palm Beach gardener in his 14-year case against a rival gardener with ties to famed litigator David Boies. In a scathing order, the judge accused rival gardener Botanica Landscaping of manufacturing and manipulating evidence by amending and hiding tax returns, altering wire transfer documents and backdating a critical agreement. Over the course of the dispute, Boies was temporarily disqualified from the case and was the subject of Florida Bar complaints.NASD Arbitration Panel Blasts Salomon Smith Barney
In an unusually sharp ruling, a National Association of Securities Dealers arbitration panel in Boca Raton, Fla., has awarded damages against brokerage firm Salomon Smith Barney for breach of fiduciary duty to a former employee of WorldCom.With Merger, Big Employment Law Firm Moves Into Florida
In the latest move by an out-of-state law firm into one of South Florida's hottest specialty niches, the country's third-largest labor and employment firm is merging with a Miami boutique. Atlanta-based Ogletree Deakins Nash Smoak & Stewart announced that it is merging with five-lawyer Whelan DeMaio & Kiszkiel, and will open its Florida office Jan 1. Shareholder David DeMaio said the changing dynamics in the marketplace persuaded him and his partners to join up with a larger firm.The NLJ Client List | Who Represents Corporate America
'Queen of the Net' Testifies at Securities Inquiry
Fallout from the 2000 stock market collapse landed in Florida Thursday as Mary Meeker, the Morgan Stanley stock analyst once called "Queen of the Net," testified at a National Association of Securities Dealers arbitration hearing into alleged securities irregularities at her firm. Meeker, a Florida broker, and Morgan Stanley are accused of conflict of interest, negligence and fraud for their advocacy of Internet stocks that fueled the boom gone bust.Trending Stories
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