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Associate Bonuses Still Booming, Despite Salary Increase
Although year-end associate bonuses were a little smaller than usual in 2006 at Susman Godfrey, the firm still paid as much as $120,000 in bonus money. "If they aren't pleased, they should check into a mental institution," partner Stephen Susman says of his firm's associates. While many associates took home larger paychecks in 2006 due to new, higher salary scales, a number of firms paid healthy year-end bonuses based not only on billable hours, but also pro bono, business development and civic work.Bristol-Myers Squibb's aborted deal with generic drugmaker Apotex over the blood thinner Plavix led to a world of trouble for BMS. The pharmaceutical company has spent the last few years resolving Plavix-related cases. Most recently, it disclosed a deal to settle a securities class action for $125 million.
Though it's only filed eight complaints since first turning to the courts a year ago to enforce its massive patent portfolio, Intellectual Ventures has already tapped a varied roster of firms. On Thursday IV added Dechert to the list in a suit claiming that AT&T, Sprint, and T-Mobile infringe 15 patents related to wireless technology.
Remarks on Detainees Cement Bond Between Firms and Corporate Clients
When Pentagon official Charles "Cully" Stimson rattled off a list of firms representing Guantanamo Bay detainees in a now-infamous radio interview, he predicted that businesses would shun their outside counsel. But instead of getting dumped, those firms are largely enjoying support from Fortune 500 clients. General Electric GC Brackett Denniston, for one, says GE will not discriminate based on a firm's pro bono choices -- good news for the more than 120 corporate firms handling detainee cases.The Yetter, Warden & Coleman appellate litigator is a conservative star, so his position in the cases--both of which involve hot-button political issues--is no surprise. The timing, however, is.
Who killed Lehman? That's one of the most hotly debated questions of the Great Financial Meltdown of 2008. And now we know who's going to answer it: former Chicago U.S. Attorney Anton Valukas.
In a ruling that offers a broad interpretation of the protection afforded law firms by the Supreme Court's Stoneridge ruling, Manhattan federal judge Gerald Lynch has granted a motion by Mayer Brown and former partner Joseph Collins to dismiss Refco shareholder claims against them.
Philadelphia federal district court judge Gene Pratter proved once again that she can serve up a good egg joke. But it's a good bet the defendants aren't laughing.
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