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The latest to freeze associate salaries for '09: Orrick
Orrick, Herrington & Sutcliffe, following the lead of Latham & Watkins, will not give raises in 2009 to its associates due to the current economic climate. The firm also stated that the salary freezes would affect associates in the United States and Europe, as well as associates, senior consultants and consultants in Asia. Salaries for attorneys of counsel would continue to be determined on an individual basis but, in general, would remain the same as in 2008.Strategies to Obtain Marketing Plan Buy-In
Probably only 20 percent of the partners influence 80 percent of the important decisions. The rest may not care or are too busy to notice.McKenna Long beefs up its tax practice
As exotic new practices such as climate change and subprime sprout up at some firms, McKenna Long & Aldridge is expanding good old-fashioned tax law into a stand-alone group. "Tax is always in vogue," says Wayne Bradley, who co-chairs the corporate group. The firm has recruited three new tax partners and two associates and is on the lookout for more, he says. The tax group is based in Atlanta, but Bradley says the firm is also recruiting in Washington, where its lobbying practice handles tax policy work.Skadden agrees to return $375K in legal fees to Sharper Image
Skadden, Arps, Slate, Meagher & Flom has agreed to return $375,000 in legal fees that retailer the Sharper Image Corp. paid it shortly before the company filed for bankruptcy. Sharper Image claimed that Skadden should return $1 million in fees paid to the law firm based on a legal principal in bankruptcy called "voidable preferences," which allows the bankrupt company to reclaim payments to creditors made within 90 days of the bankruptcy filing.Trending Stories
Law Offices of Gary Martin Hays & Associates, P.C.
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Law Offices of Mark E. Salomone
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