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Pillsbury, Others Hit or Exceed $160K Mark for Associate Salaries
Just when you thought the bandwagon was packed, another handful of California firms have announced associate salary hikes. Pillsbury Winthrop Shaw Pittman became the latest large firm to move first-year pay up to $160,000. And in the midsize camp, Munger, Tolles & Olson boosted first-year pay to the $160,000 level, while Shartsis Friese took its top-billing associates to $165,000. In a prepared statement, Pillsbury said the salary hike won't come at the cost of associates or clients.Stage Set for Trial on Heirs' Claim That Princeton Misused Donation
A New Jersey judge on Thursday cleared the way for a trial on claims that Princeton University misused a 1961 foundation grant that has since grown into an $880 million fortune.SEC levels a $3M fine for inside trades
The U.S. Securities and Exchange Commission took a $3 million bite out of a former board member of a dental products maker for insider trading last week. White-collar and securities lawyers said the case offers more proof that insider trading is to be the SEC's new focus. But they also said that the case was unusual because board members with experience at public companies don't usually run afoul of trading rules.Qualcomm firms meet a stern judge
It didn't take long Friday for a courtroom packed with grim-faced attorneys to sense where a magistrate judge stands on sanctioning attorneys involved in a huge discovery failure by Qualcomm Inc. The judge came out swinging, saying the failure to turn over hundreds of thousands of documents to Broadcom Corp. during discovery represented "gross misconduct on a massive scale. ... if there isn't some kind of sanction, there's no deterrence. How can this possibly be tolerated in the age of digital evidence?"Bay Area Firms Fighting to Stay Independent
Ask law firm leaders or consultants for a Northern California merger wish list and some of the same names pop up.An Amicable Split for Lerach, Milberg Weiss
The divorce is final. William Lerach and his West Coast colleagues have officially split from Milberg Weiss Bershad Hynes & Lerach. The two entities issued separate releases Monday announcing the separation, which has been in the works for the past year. It took a year for the partners at the nation's largest plaintiffs firm to work out an amicable split. "We were very committed to part consensually without suing each other,¿ Lerach said. ¿You have to come to agreement on about 5,000 different items.¿Trending Stories
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