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With Mid-Level Associates, You Keep Who You Pay for
As reported last week, most of California's biggest law firms have upped first-year associates' base salaries to around $95,000, but many are still paying fourth-years only around $110,000. That's a 15 percent increase spread over three years -- not chump change, but hardly generous for firms scaling new heights of profitability in a boom economy.Top Cases of 2003: Corporate Crime
Wrongdoing in the boardroom was behind many of the cases that grabbed the attention of the New York legal community in 2003. The New York Law Journal Magazine explores why those cases stand out and what effect they may have on future litigations. We also take a closer look at the attorneys at the center of these events.Laid-Off MoFo Staffer Accuses Associate
A suit by laid-off MoFo staffer complains of an associate shooting off her mouth. Game Changer: A Muslim prosecutor recalls going into court the day after Sept. 11. Didja See This? Appellate panel says you can't be sued for forwarding defamation. Just don't add any of your own.Easy Cooperation Leads to Fast Close
It only took one week for attorneys to complete Marvell Technology's $240 million purchase of Avago Technologies. Divorce Temporarily Threatens $325M DealThe Sage Group's straightforward purchase of Verus Financial Management took an interesting turn when Verus shareholders began to bicker over a $10 million payment.Co-lead class counsel at Hagens Berman and Richardson Patrick saw their claims against McKesson shrink dramatically in March, when a federal judge in Boston refused to include states in a class of government entities that accused the drug maker of inflating average wholesale prices. But the plaintiffs lawyers still managed to coax a $82 million settlement from McKesson for the remaining cities and towns in the class.
Lawrence Powers and his tiny company SITI-Sites made bold accusations that the patent aggregator and the telecoms were teaming up to drive down the value of tech patents. There was one big problem, though: Powers wasn't harmed by the conspiracy he alleged.
A fenced-in pit sits at the corner of Lexington Avenue and 53rd Street in Manhattan, where the luxury Shangri-La Hotels and Resorts tower had been slated to rise. The project's lenders had sought to hold celebrity developer Aby Rosen and his partner Michael Fuchs personally liable. But a New York state court judge dismissed the claim, possibly saving the pair $100 million.
Michael Ross had one of the bitterest splits with his former employer on record, suing the company for defamation after it blamed him for an options backdating scandal. When the company tried to settle a backdating derivative suit, Ross refused to go along and threatened to blow up the deal. The strategy worked: He's now out of the case.
No Bench for Blumenthal; Parker Named to Circuit Court
Judge Barrington D. Parker Jr.'s nomination for a slot on the 2nd U.S. Circuit Court of Appeals tips the circuit's appellate bench heavily toward New York jurists. The 56-year-old Parker may be a resident of Stamford, Conn., but he is widely considered by members of Connecticut's bench and bar to be a New Yorker. His nomination raises concern over the Nutmeg state's lack of representation on the bench.Trending Stories
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