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In California, Corporate Associates Are Again in Demand
When the dot-com bubble burst in 2001, firms mowed their ranks. Recruitment all but froze, especially among transactional associates. But late last year, firms cautiously began refilling many of those spots as IPOs and M&A deals picked up. "Hiring is up 60 percent over this time last year," said Robert Major Jr., a partner at legal search firm Major, Hagen & Africa. "You can start to hear the stress in our clients' voices."Options 'Giveback' Settlements Could Become Trend
Defense and plaintiffs lawyers are pointing to the recent settlement of a stock-options backdating case, which featured options "givebacks" from executives, as a model likely to be followed in similar cases. The settlement of a derivative case involving Family Dollar Stores, and 13 current and former executives and officers, calls for four executives to relinquish 210,000 unexercised options. Both plaintiffs attorneys and defense counsel seem to be open to the idea of such givebacks becoming a trend.Wine Trademark Leaves Big Ass Hangover
In 1995, Raymond Howarth registered the "Big Ass" mark and began selling Big Ass Beer. He also licensed the name to the Milano Family Winery. But when Adler Fels Winery's Big Ass Cab, Big Ass Zin and Big Ass Chard cropped up at a wine show, Howarth decided to protect his trademark. Such label disputes are increasing with the meteoric growth of the $45 billion California wine industry and are generating a healthy source of revenue for firms with a wine law practice.Legal Secretary Snags Sitcom Tickets During Staff Appreciation Week
Brobeck, Phleger & Harrison's Hollywood connections added some glamour to Staff Appreciation Week in the San Francisco firm's Palo Alto, Calif., office. The grand prize was a trip for two to see a taping of the television show "Will & Grace." An associate got tickets from her cousin, who is one of the producers. Legal secretary Evelyn Kempski won the raffle drawing, although she had never seen the sitcom.Packing It On, Firms Fatten Up
Associate salary hikes have done little to curb the appetite of San Francisco Bay Area firms for more lawyers. In fact, they're as hungry as ever. During the first half of 2000, hiring at several Bay Area firms -- particularly those with large, tech-related practices -- was triple that of the same period a year ago. That's despite the added expense of salaries, training and management of new associates.Cooley Scoops Up Former Assistant U.S. Attorney
Ross Nadel, the former criminal chief of the San Francisco U.S. Attorney's Office, starts Monday as a partner at Cooley Godward. Nadel, who also founded and led the highly regarded Computer Hacking and Intellectual Property unit, retired from the office in June after 24 years there. Nadel is the latest in a string of top prosecutors joining large firms -- among them, Cooley's Joseph Russoniello, who was U.S. Attorney during Nadel's early years in the office. But some say the trend may be coming to an end.Teaming Up For a Second Chance
Dorsey Nunn has paid for his crime and wants to put it behind him. Now, local lawyers are helping him and other former prisoners find ways to avoid pesky employment questions about their criminal pasts.Trending Stories
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