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Fox Rothschild Puts Brakes on First-Year Salary Hikes
Fox Rothschild is putting its proverbial foot down when it comes to associate salaries.Pass/Fail: Bar Groups Release Austin Law Firm Diversity Report Card
Diversity remains an elusive goal for some Austin firms. Five of the 20 largest Austin firms received failing grades on the "2011 Austin Law Firm Diversity Report Card" issued recently by three minority lawyer groups. "This is just a way to hold firms accountable," says Alex S. Valdes of Winstead.Two months after opting out of a class action against Pfizer, a group of major public and private institutional investors are taking matters into their own hands. On Thursday the breakaway investors and their lawyers at Bernstein Litowitz filed their own securities fraud suit, accusing Pfizer of duping shareholders about risks associated with two once-blockbuster drugs.
Group Mentality: Lawyers Moving En Masse
As the legal market undergoes a tectonic shift due to law firm megamergers, one of the reverberations is an apparent surge in the number of law firms picking off clusters of attorneys from rival practices.Entry of Judgment Legal Malpractice Suit Clears Hurdle
A federal judge in Harrisburg has refused to dismiss a legal malpractice suit against a Carlisle, Pa., law firm that accuses the firm of botching the domestication in Pennsylvania of a $1.7 million judgment from an Ohio court.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.Trending Stories
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