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Starting Salaries Keep Growing at Big N.J. Firms
First-year associate salaries at New Jersey firms continue to climb. As of January, Lowenstein Sandler will bump its first-year rate to $125,000, making it the highest-paying New Jersey-based firm. And Archer & Greiner has announced a 17.6 percent salary increase. That's proportionally larger than other firms, but still brings the pay at Archer to just $85,000. The Haddonfield firm says it doesn't need to pay as much as regional competitors because of its free parking and attractive location.First-Year Pay Pushed Up 7 Percent, Spurred by Out-of-State Hikes
New Jersey's big firms bumped up their first-year associate salaries markedly this year to keep pace with - or at least within sight of - soaring increases by Philadelphia and New York firms.After Enron, Firms Rethink Partnership
IN LIGHT of the potentially crippling liability faced by Arthur Andersen, Vinson & Elkins and Kirkland & Ellis for their roles in the collapse of Enron Corp., major law firms are considering again whether to form themselves into limited liability partnerships.Legal Aid Society's Tech Overhaul Begins With Redesigned Web Site
The launch of the New York Legal Aid Society's redesigned Web site marks completion of the first phase of a four-step action plan by a group of six private law firms and three legal consultancies to overhaul the poverty law organization's outmoded technology systems.Fish & Neave's Vote to Defer Payment to Ex-Partners Deemed Proper
The New York Court of Appeals has ruled that Fish & Neave acted properly when it voted to defer compensation due to partners leaving the law firm, including former managing partner W. Edward Bailey. The court's 6-0 decision was one of two the court issued Tuesday concerning lawyers and the profession. In another decision, the court ruled that a lawyer suing a company can properly conduct an ex parte interview with a former executive of that company.Quick Verdict Ends Suffolk's Oldest Case
A NY jury last week took only one hour and 40 minutes to clear the makers of pHisoHex of a product liability claim that the acne soap -- once used by millions of teenagers -- had caused epilepsy and mental retardation when used on a two-week-old infant. The speed with which the six-member jury reached its unanimous verdict came as a surprise in view of the case's lengthy history and the intensity with which it was fought.Ex-Associates Blaze Tech Trail
Undaunted by the stock market's technology chill, a pair of former big-firm associates have launched BlazeVentures, a software company that will allow law firms to manage documents on a single secure Web-based platform. The company's software is being tested by lawyers at New York's Weil Gotshal, with an anticipated launch date of early next year.Sullivan & Cromwell Helps Investors Wire Purchase from GE Electric Capital
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