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September 23, 1999 |

Locked In? Buy That New Mansion Now

California firms are swamped with initial public offerings and corporate transactions, so it was up to the likes of New York's Davis Polk & Wardwell to help investment bankers solve the newest age-old problem in Silicon Valley -- how to spend a windfall in non-tradeable stock. Davis brought the pre-paid forward contract, an instrument that limits the stockholder's downside, provides an up-front cash payment and still qualifies for the capital gains tax.
6 minute read
February 29, 2000 |

Let the Games Begin

The first move goes to Andrews & Kurth. The 251-lawyer Houston-based firm announced Feb. 23 it is raising its associate base salaries by 20 percent across the board in all U.S. offices, effective Feb. 16. That boosts the base salary for a first-year lawyer at Andrews & Kurth's Texas offices to $104,000 from $86,000.
5 minute read
August 07, 2002 |

VLG Loses First Partners in Nearly Two years

Venture Law Group lost half its partner ranks in its Kirkland, Wash., office Monday to Wilson Sonsini Goodrich & Rosati. The departures of Craig Sherman and Mark Handfelt mark the first time since November 2000 that a partner has left VLG. While VLG has shrunk its lawyer ranks -- it now has 75 lawyers, down from 93 in March 2000 -- its partner ranks have held steady, even after the Internet bubble burst.
3 minute read
January 15, 2001 |

Salary War: The Sequel

San Francisco's Brobeck, Phleger & Harrison fired the first shot in what could be a new salary war, raising first-year associate pay to as much as $170,000. Hours after Brobeck's announcement Friday, Gray Cary Ware & Freidenrich announced it would match the increase, and Seattle's Perkins Coie raised its Bay Area associate salaries. But it's unclear whether Brobeck is starting a full-scale battle or merely a salary skirmish.
5 minute read
November 08, 2001 |

Brobeck Phleger and Tower Snow Bracing for Layoffs

Associates at San Francisco-based Brobeck, Phleger & Harrison expect to receive pink slips soon; the question is whether the partners will hold off until the end of the year, when Tower Snow Jr. steps down as chairman. Snow has consistently maintained that in the event of a layoff he would immediately step down. Brobeck Phleger's management committee is discussing the subject of layoffs in meetings today.
3 minute read
March 10, 2003 |

Sidebar

Manatt gets freeway signage; three from Sheppard Mullin receive commendation from Newark's mayor for pro bono work on behalf of Chamber of Commerce; Professor Kelso vies for presidency of CSU-Sacramento; laid-off Oakland Deputy City Attorney finds job with a familiar company.
5 minute read
December 27, 2007 |

Large-Firm Associate Salaries Close In on $200K

A first-year salary of $200,000? Not quite yet, but with word that Williams & Connolly is raising pay for starting associates to $180,000 a year, the magic $200K mark is within shouting distance. Many in the legal community have been hearing that salaries are going to rise again -- and in a big way. How long, even in the face of client doubts and an economy that seems to be headed toward recession, before a big firm pulls the trigger on a $200,000 payday?
6 minute read
May 03, 2000 |

Gibson Hikes Summer Associate Pay

The thorny issue of summer associate salaries is in full bloom as California firms question whether to bestow on the student visitors the same extravagant raises announced this year for lawyers they've actually hired. Los Angeles-based Gibson, Dunn & Crutcher announced it will pay its summer help $2,400 a week, based on its first-year associate base pay of $125,000.
4 minute read
June 14, 2000 |

Raising Doubts

Call it the salary increase that nobody wanted. The partners didn't want it because the raises would be coming out of their pockets. The clients didn't want it because they knew that they would end up paying for it. And, lo and behold, the associates didn't want it, as evidenced by the reactions over the last two months of associates at national firms with offices in metropolitan Washington, D.C.
7 minute read
September 21, 2009 |

Lessons Learned From Heller's Collapse

About a year ago, Heller Ehrman partners voted to dissolve the 118-year-old firm, and its collapse offered a few lessons to those watching. "Certainly Heller and the other law firm failures from last year were important lessons in minimizing short-term debt, because in every death story from these law firms, the banks rang the bell," says Morrison & Foerster Chairman Keith Wetmore. And despite dire predictions about the death of Big Law, some say the last year shows the resilience of large law firms.
5 minute read

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