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The Pitfalls of Law Firm Mergers
In recent years, law firm acquisitions and dissolutions have changed the landscape of the U.S. legal marketplace. Joy Newton Martini, U.S. Chief Marketing Officer of Lovells, writes that, with the dizzying pace of such mergers, breakups and lateral hiring, clients are finding it harder and harder to articulate differences between firms. Identifying that "certain something" that sets a firm apart is more critical than ever to achieving long-term success with the in-house counsel doing the hiring.
King & Spalding Ups Ante to Match Alston's Pay for First-Years
King & Spalding matched Alston & Bird's $15,000 increase in associate starting pay Wednesday, but made no mention of pay increases for senior associate classes. The raise brings first-year partner-track associates to $145,000, effective Jan. 1. Recruiters predict King & Spalding will go on to establish a pay scale with less compression or a more merit-based system, where pay for more senior associates is tied to performance. Another option, said one: Pay bigger bonuses to midlevel and senior associates.
Duane Morris Enters Singapore Market, Has Plans for Vietnam
Duane Morris Chairman Sheldon Bonovitz is making good on his plan to grow the 600-attorney firm to over 1000 lawyers with offices across the globe.Lawyers Earn Actual Cash in Virtual World
Firms are opting to expand into the relatively uncharted territory of Second Life, an online simulated universe with more than 8 million users � and growing.
China and SEC Reach Agreement on Deloitte Audit Docs
Publication Date: 2013-07-15 Practice Area: Industry: Court: Judge: Case number:
For the first time, China's securities regulator has agreed to turn over audit documents related to an ongoing SEC investigation of a U.S.-listed Chinese company.
Maine Agrees Not to Enforce Predatory Marketing Law
A group of trade associations and a publishing company have succeeded in stopping a Maine law against marketing to minors that exposed them to private lawsuits. The state Legislature was worried about companies using information they gathered from minors online to market prescription drugs, but the organizations say the Maine Predatory Marketing Law violates the First Amendment and would have barred newspapers from publishing stories about minors and colleges from marketing to prospective students.
In Anderson Case, Uneasy Role for Firms
A handful of law firms face being pulled into the largest tax fraud case in U.S. history. Though none has been accused of wrongdoing, business lawyers who worked with indicted telecom baron Walter Anderson and the companies he controlled risk becoming embroiled in the courtroom brawl between prosecutors and Anderson's defense attorney, Abbe Lowell, who is strongly signaling that his defense will examine the advice Anderson received from lawyers and accountants.Judge Dismisses Challenge to Voting Rights Act Provision
A federal district judge late Thursday dismissed a constitutional challenge to a critical part of the nation's landmark Voting Rights Act -- one of two lawsuits aiming for the U.S. Supreme Court.Baker & McKenzie to Acquire New York Office of Coudert
Ending weeks of speculation, Baker & McKenzie has announced its acquisition of most of the New York office of the pioneering international law firm, Coudert Brothers, which recently announced it would disband its global network. The firm's larger merger discussions with Chicago-based Baker & McKenzie had fallen through, but expanding in New York with the addition of 70 Coudert lawyers -- including about 25 partners -- meets one of Baker & McKenzie's long-term objectives.Trending Stories
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