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July 19, 2007 | Law.com

Lawyers Get Back on Board

Scandals in the early part of the decade prompted Congress to pass a new law expanding the liability exposure of public company board members. Attorney-directors feared that investigations could look at whether they could have prevented a company's failure, either as a legal adviser or a director. But five years after the Sarbanes-Oxley Act, an increasing number of corporate attorneys are deciding that the benefits of serving as directors of public companies outweigh the risks.
5 minute read
April 05, 2007 | Law.com

N.Y. Court of Appeals Finds Promissory Notes Meet UCC's Securities Test

Venturing into territory where it called the case law "sparse," a divided New York Court of Appeals ruled Tuesday that "subordinated" promissory notes are securities under the meaning of the state Uniform Commercial Code. The question is at the center of a federal breach-of-contract case, and the 2nd Circuit panel reviewing the case had tentatively come to the same conclusion, but had asked the state Court of Appeals to settle the matter.
5 minute read
August 09, 2007 | The Legal Intelligencer

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 late Aug. 1 - but made no mention of pay increases for senior classes of associates.
5 minute read
June 09, 2003 | Law.com

Familiar Faces

A list of usual suspects is beginning to emerge in the Diversity Scorecard, as several firms repeated their chart-topping performances of past years. Steel Hector & Davis continues to have the highest percentage of minority attorneys in the country, Holland & Knight still has the largest number of minority partners, and Skadden, Arps, Slate, Meagher & Flom remains unsurpassed in associates of color.
10 minute read
April 24, 2007 | Law.com

Orange Flavor Is No Trademark

Companies have conditioned the public to routinely view words, letters and numbers as trademarks. "Nontraditional" trademarks, such as the pink color of Owens Corning fiberglass insulation, perform the same function. But recently, writes attorney Michael D. Hobbs Jr., the Trademark Trial and Appeal Board refused to register an "orange flavor" as a trademark for antidepressant medication, concluding that orange flavoring performs such a functional part of life that it could never function as a trademark.
12 minute read
December 07, 2005 | New York Law Journal

Morrison & Foerster Chair Plans Move to New York

4 minute read
December 14, 2000 | Law.com

Atlanta Won't Follow $40K Bonuses for N.Y. First-Years

Year-end bonuses at New York law firms are peaking at $40,000 for first-year associates, but don't expect a similar trend in Georgia. One managing partner of an Atlanta firm says he is surprised by the high bonuses in New York this year. "I honestly don't know why they're doing this when you consider that dot-coms started this . . . and that the dot-com industry is now in trouble."
4 minute read
July 06, 2005 | Law.com

Wal-Mart Demands Diversity in Law Firms

Law firms that pack their lower ranks with minorities and women while leaving white men in charge may soon find the nation's biggest retailer a tough customer. Wal-Mart has told its top 100 law firms that at least one person of color and one woman must be among the top five relationship attorneys handling its business. Wal-Mart's new policy, which echoes statements made by top lawyers at other major companies, signals a growing determination by corporate legal departments to pressure outside counsel.
6 minute read
September 22, 2005 | Law.com

Giuliani's Firm to Get $400,000 a Month for Work on Delta Bankruptcy

Delta Air Lines has paid a consulting firm of former New York City Mayor Rudolph Giuliani $2.4 million and expects to pay it another $400,000 per month for advice on its Chapter 11 proceedings. The bills were disclosed in the airline's court filings. Law firms that Delta has retained in connection with the bankruptcy include Davis Polk & Wardwell; Stroock & Stroock & Lavan; Gibson, Dunn & Crutcher; Debevoise & Plimpton; Paul, Hastings, Janofsky & Walker; and Hogan & Hartson, according to the filings.
5 minute read
February 29, 2000 | Law.com

Kilpatrick Stockton: $100,000 Plus $5K Bonus, 20 Percent Incentive

Another major Atlanta firm has boosted its first-year associate salary to six-figures. Kilpatrick Stockton announced Monday that it will pay newly minted lawyers in its Atlanta and Washington offices $100,000. Lawyer salaries in the firm's three North Carolina offices will start at $85,000, while the firm's Augusta salaries start at $75,000.
3 minute read

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