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The Bankruptcy Files: Toll Roads and Railroads
Despite a dip in bankruptcy filings over the past year, Cleary, Kirkland, Verrill Dana, and Willkie have grabbed lead roles in recent Chapter 11 cases for toll road operator American Roads, textbook publisher Cengage Learning, embattled rail company Montreal, Maine & Atlantic, and nationwide ambulance operator Rural/Metro.The Bankruptcy Files: Europe, Energy, and Beyond Oblivion
Kelley Drye Set to Abandon Lockstep Pay System
Kelley Drye & Warren will move away from paying associates based on their class year, the firm said Thursday. Managing partner James Kirk said the move "will better align our associate resources with the interests of our clients." Kelley Drye appears to be the first New York-based firm to announce plans to abandon the traditional class-year lockstep associate salary system common at large law firms.Townsend to Cut Pay, Go Off Lockstep
The patent firm says it will pay first-years $145,000 next year and adopt a merit-based pay system in 2011.MoFo Drops California Starting Pay
The San Francisco-based firm goes old-school, back to the days when first-years made more in New York than in California.Continental Breakfast: Michael Payton, Clyde & Co
American Lawyer chief European correspondent Chris Johnson meets regularly with senior legal sector figures at their favorite breakfast joints to chew over the industry's tastiest talking points. This week, Clyde & Co senior partner Michael Payton discusses a career spanning five decades and the future of insurance law practice.After Switching Sides, Matt Powers Still Searching for Patents
Two years in, the former Weil IP star has his mojo working at Tensegrity, but he may have moved too late to claim the biggest prizes.Trending Stories
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