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AG Asks Texas Firms for a Loan
In a market where wet-behind-the ears associates at large Texas firms are paid base salaries of $110,000, the Office of the Attorney General can't compete for lawyers with money. So the agency is trying to lure associates out of the private market by offering what it can -- courtroom experience and the glamour of public service.Supreme Court Removes State, City From School Desegregation Case
Pa. Supreme Court justices reversed an appellate court ruling forcing the state and city governments into the case for the purpose of litigating the funding of desegregation remedies in Philadelphia schools. The remedies, ranging from all-day kindergarten to reduction in class size, remain undisturbed by the court's decision. But, the justices' decision did render the school district without a taxing entity to fund much of the sweeping package of remedies ordered by the appellate court judge.The AmLaw 100: Firing On All Cylinders
For the third year in a row, the nation's 100 largest law firms saw double-digit growth in gross revenue. What effect did turmoil in the capital markets and a merger boom have on the AmLaw100?Cisco has gotten a reprieve on a verdict in a trial that came about because one of its lawyers made allegedly anti-Semitic remarks in an earlier trial. On Tuesday, the Federal Circuit panel vacated the verdict, which came in an infringement suit brought by a small patent holding company named Commil.
Prepare Now to Ward Off Hostile Takeover Bids
General counsel need to make sure their companies are prepared to ward off hostile takeover bids, writes Robert W. Dockery. In 2010, there was an 80 percent increase in the number of acquisitions of U.S. publicly traded companies valued at more than $100 million compared with 2009, according to a Jan. 13 article on thePractical Law Company website. As the credit markets continue to loosen, many commentators believe the number of acquisitions will continue to increase. However, as has occurred in past periods of rising acquisition activity, companies also should expect hostile bidders.Texas Firms Slow First-Year Hiring Pace
For the hopeful Class of 1999, 1998 was an aberration - most first-year associates in Texas won't be receiving a raise over the typical $90,100 starting salary. A survey of Texas' 25 largest firms also reveals that the number of associates in the 1999 first-year class, while larger than last year's, does not represent as significant a jump as the 1998 class did. James Maloney, whose firm co-led the salary charge last year, says, "I think you're going to see slow growth, not explosive growth."Trending Stories
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