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Compensation Handcuffs Partners, Delaying Lateral Move Season
In the wake of a busy late spring for lateral announcements, it appears that May and June movement may be the new normal, as more firms find ways to keep partners from leaving. Several recruiters who work in Pennsylvania said the late spring has become a busy time. In particular, two Pittsburgh-area recruiters said there has been a noticeable increase in lateral movement in May and June.Florida Firms Aren't Jumping to Match Cravath Pay Scale
When it comes to matching Cravath, Swaine & Moore's base salary bump for associates — which will see first-years earn $180,000 and eighth-years rake in $315,000 — firms with big Florida bases are a mixed bag, with the definition of "top of market" becoming increasingly nuanced.Lifetime Achievement Award Winners
The following attorneys were selected to receive Lifetime Achievement Awards. Read MoreAfter Dechert's Pay Hike, Pa. Firms Watch and Wait, for Now
Dechert has raised its associate salaries across the country, starting at $180,000 for first-year associates. According to a memo obtained by The Legal, the new salary scale will be effective July 1. It includes salary increases for each class of associates, up to $315,000 for eighth-year associates and above.McDermott Adds Amid Leadership Change, Plus More Lateral Moves
A year after WilmerHale consolidated its London operations, one longtime partner has left for McDermott Will & Emery; Jones Day hires a trio; Shearman & Sterling snags one from Boies Schiller; and other notable additions from throughout The Am Law 200.Judges Say Arbitration Unenforceable When Forum Unavailable
A New Jersey appeals court has ruled that an arbitration clause in a contract may be unenforceable if the arbitration forum is not available in the event of a dispute.Am Law 'Second Hundred' Lacking in Delaware Presence
While Am Law 100 firms register a massive presence in Delaware, the nation's next 100 highest grossing firms operate far fewer offices in Wilmington, highlighting the challenging dynamics of a market weighted toward serving big corporate clients.Pa. Firms See Big Boost in Minority Partner Numbers
It would take a long trip down Legal affiliate The American Lawyer's diversity rankings to find a Pennsylvania-based law firm, but of the 16 firms in the state that were ranked based on percentages of minority attorneys, many saw notable improvements while a handful slid further down the ranks.Trending Stories
Law Offices of Gary Martin Hays & Associates, P.C.
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