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March 12, 2001 |

New York Firms Sit Out 'Salary War'

Call it the salary war that wasn't. When San Francisco-based Brobeck, Phleger & Harrison boosted its first-year associate salary to $135,000 in January, New York's big firm associates waited for what had become a predictable response. But with the economy now struggling and legal business slowing, the reaction from New York law firms so far is silence.
4 minute read
December 06, 2001 |

VLG Slashes Salaries for Associates

Grappling with a double-digit decline in revenues, Venture Law Group has slashed base salaries for associates and will attempt to make up the slack by giving junior lawyers a greater share of the firm's profits. The Menlo Park, Calif.-based corporate boutique reduced first-year salaries to $100,000 from $125,000 and cut base pay for third-years to $115,000 from $150,000.
4 minute read
February 13, 2003 |

A Daring Venture

Conventional wisdom would say this is the worst time for Reed Smith Crosby Heafey to roll out a venture capital and technology group. But to Gregory Beattie, an Oakland partner who heads Reed Smith's recently formed 20-attorney group, it's all a matter of perspective. The firm is attempting to take advantage of the glut of available talent caused by recent layoffs and expand despite the economic lull.
4 minute read
December 16, 2004 |

'Relationships are what is important in Menlo Park'

Don't let the "neo" fool you. Latham & Watkins partner Alan Mendelson drew on longtime ties in Silicon Valley to land the job of handling funding for pharmaceutical venture Neosil Inc. And in a deal that involved nearly 130,000 employees and $70 million of annual revenue, the parties in a merger created the second largest local union in the country.
4 minute read
May 09, 2000 |

Sidebar

Newspapers like truth, but lawyer Joseph M. Alioto believes that the Hearst Co. retaliates against witnesses who speak it. This comes in the nervy antitrust case that Alioto filed, challenging the Hearst handover of the low-circulation San Francisco Examiner (with a $66 million sweetener) to a local publisher connected to mayor Willie Brown.
3 minute read
November 07, 2001 |

Time to Pay Up

At law firms across the United States, the calls are going out. Some lawyers adopt a pleading tone on the phone, others play on a sense of camaraderie. But the underlying message is always the same: time to pay up. It's the time of year when law firms gently remind their corporate clients that payment is due. But this year's collection drive has partners nervously eyeing their stacks of outstanding receipts.
5 minute read
October 02, 2007 |

D.C. Firms Assess Price of Keeping Up With Next Round of Associate Raises

Eight months after Simpson Thacher raised starting salaries for first-year associates to $160,000, salaries for first-years at most of the 200 largest firms nationwide remain bunched at that rate. What New York firms had hoped was a raise too rich for out-of-town competitors with more pedestrian profits instead looks to be a failed attempt to segment the market. And now firms are bracing for another round of raises, probably ignited by a New York corporate firm looking to up the bidding war for talent.
10 minute read
December 22, 2009 |

For Associates, a Decade of Thrills and Chills

It was a wild ride for associates at big law firms during the first decade of the century. In the end, most everyone was a little queasy from the experience.
9 minute read
December 21, 2009 |

For Law Firm Associates, It's Been a Decade of Thrills and Chills

It was a wild ride for associates at big law firms during the first decade of the century. In the end, most everyone was a little queasy from the experience. Between 2000 and 2009, law firms doled out jaw-dropping bonuses, lavished benefits and hiked first-year salaries to a point that drew the envy of federal judges. The decade also featured mass job cuts, pay reductions and a decided shift in power for recent law graduates, many of whom, at decade's end, were clamoring for even part-time work at living-wage levels.
9 minute read
October 19, 2010 |

In-House at Large Public Companies

35 minute read

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