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Defections, Key Client Loss Take Toll at Dow Lohnes
A former Am Law 200 firm with offices in Atlanta and Washington, D.C., Dow Lohnes has seen its attorney ranks cut nearly in half over the past three years amid a spate of lateral defections. Now—down to fewer than 100 lawyers and hurt by the loss of key client Cox Enterprises—the firm is engaged in merger talks with possible suitors, according to a half-dozen sources interviewed by The Am Law Daily.Deal Watch: Lawyers play big role in launch of Stats
It's easy logic to put a sports bar and restaurant just a few steps away from the Georgia Dome and Philips Arena. But the details are a little more complicated, said Alpharetta sole practitioner Eric S. Chofnas, who represented the business venture that recently launched Stats, which boasts 70 high-definition TVs and technology that gives patrons their own supply of beer at their tables.FOR RAINMAKER, HOSPITAL FIGHT TRUMPS PLANS
MEREDITH HOBBS [email protected] When Regina S. Molden left Alston Bird almost a year ago to start her own firm with four other big-firm refugees, she was fulfilling a long-held dream. Molden, a former associate in Alston's securities litigation group, billed the firm, Molden Holley Fergusson Thompson Heard, as the city's first African-American firm devoted exclusively to high-end corporate work.Jenkens Hands Los Angeles Office to Baker Hostetler
Baker Hostetler will boost its Los Angeles presence next month with the addition of 19 lawyers, the entire L.A. office of swiftly shrinking Jenkens & Gilchrist. The move follows years of litigation for the beleaguered Dallas-based firm, which also disposed of the bulk of its Chicago office Monday, with about 15 intellectual property lawyers there joining Nixon Peabody. Lawyers in Jenkens' main office in Dallas are in talks with Hunton & Williams and perhaps others about a similar lateral exit.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.Slain Judge Loved for His 'Unassuming' Demeanor
It's a compliment when lawyers and colleagues of Fulton County Superior Court Judge Rowland Barnes say he was "un-judgelike." Tension is common between judges and lawyers, said Samuel, but that was never the situation with Barnes, a burly, teddy bear of a man. "You'd go back into chambers and have a bagel," he said.NASD Ruling Clarifies Arbitration Issues
The NASD, which offers parties involved in securities disputes a quicker arbitration process, issued a ruling with precendential potential for the new area of law.As Times Get Better, So Do the Bonuses
Associates at some big law firms are enjoying hefty bonuses that outpace figures from the prior year. One Houston firm even gave some associates close to 100 percent of their annual salaries. The bounty mirrors recent solid financial performance by law firms and may be the result of increased competition for young talent. "There are many firms in this country that could recruit the entire Yale Law School graduating class and not fulfill their recruiting requirements," says one consultant.Trending Stories
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