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Dechert to Pay Bonuses, Raise Salaries
Dechert informed its U.S. associates Monday morning that bonuses would be paid for 2009 across the country and salaries would not be frozen or cut for 2010 in all but two of the firm's offices.N.Y. firm leads in deal advise despite slow year all around
Sullivan Cromwell, hired to advise on six of the 10 biggest deals in 2007, led all law firms in mergers and acquisitions for the fourth year in a row. The New York-based law firm retained its title even as the value of transactions it advised on fell 11 percent from last year to $434.3 billion. Total announced mergers and acquisitions rose 10 percent to a record $4.Social Conscience Led GC to Bristol-Myers Squibb
Bristol-Myers Squibb operates in more than 100 countries, selling prescription medications and other health-related goods. General counsel Sandra Leung manages an in-house legal team of 160 lawyers worldwide. "I was drawn to Bristol-Myers because it makes lifesaving oncology products and other products that make a difference in people's lives," says Leung, who previously prosecuted homicide cases for the New York County district attorney's office in New York City.How to kill the holiday party fun
With so many rules, and so little fun the Carriest wonders what happened to the raucous holiday party?Attorneys Expect Fewer Deals as Markets Face Uncertainty
After a record year for mergers and acquisitions, activity will dip this year due to a decline in transactions, corporate attorneys predict. "It is hard to be an optimist," Sullivan & Cromwell Chairman H. Rodgin Cohen said. "The markets hate uncertainty, and we are in an uncertain time." Attorneys hope that an increase in transactions by foreign companies and funds will continue. But they admit that these types of deals will not be enough to compensate for growing economic problems.Lawyer Count Drops in Some Top New York City Firms
The number of attorneys at leading New York law firms has dropped sharply. Attrition is on the rise, incoming associate classes are smaller, and the expanding job market has opened the door to opportunities at other law firms and in-house legal departments. In the past, high attrition left large firms understaffed. But so far the firms are able to handle their workloads. At least for the moment.French Firm to Beef Up Presence in U.S. Markets
Paris-based Gide Loyrette has hired its first two American lawyers to staff its New York office, starting the push into North America's financial markets.Trending Stories
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