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Support Staffers Want Larger Raises
When big-firm starting salaries for first-year associates rose approximately 20 percent earlier this year, the question on the minds of many non-lawyer employees was whether the raises would trickle down to the word processing centers and mail rooms. Now, more than two months after the raises were announced, there seems to be an answer, and it is not what the employees were hoping to hear.Sullivan & Cromwell Opens Bonus Season for Associates
Sullivan & Cromwell has kicked off the year-end bonus season by announcing additional compensation starting at $30,000 for first-year associates and ranging up to $50,000 for senior associates. The bonuses are unchanged from last year, a fact likely to disappoint many associates, especially since bonuses for investment bankers are expected to rise considerably this year. It remains possible other firms will pay higher bonuses, forcing Sullivan & Cromwell to pay a matching supplement.Semiconductor Startup Teradici Collects $18M
Canadian semiconductor startup Teradici Corp. has closed an oversubscribed $18 million Series B round of funding led by Alloy Ventures. Teradici plans to take its first product, a chip to help enterprises manage information technology security and compliance issues, to market this year.CalPERS Agrees to Release Investment Results
The nation's largest pension fund settled a public records dispute over its refusal to release performance data on venture capital investments. The California Public Employees' Retirement System agreed Friday to begin publishing the returns of most of its private equity investments, ending a lawsuit with the San Jose Mercury News.Trending Stories
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