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Law Firms Bet Big on Boston Biotech Show
Some of the country's top firms are hosting parties, clambakes and baseball games next week. Why? They are all betting on a business development bonanza from the Biotechnology Industry Organization conference in Boston. The firms hope to connect with potential clients for commercial transactional work, licensing and other services. And they're betting more than clambakes -- twenty-three firms are each shelling out $8,500 to $100,000 for various sponsorship opportunities during the May 6 through May 9 event.Boston Firms Split on How to Respond to N.Y. Pay Hikes
The race to raise first-year associate salaries has opened a chasm in Boston between firms matching New York's top rate of $160,000 and firms offering a $145,000 starting salary. Proskauer Rose expects the higher salaries to help the firm hold on to lawyers, according to Steven Bauer, who heads the firm's Boston office. "One of the biggest expenses a law firm faces is losing associates," he said. "If we can retain two associates this year who might have left, it pays for the increased raise by itself."Boston Attorney Finds Age Bias an Obstacle For Older Law School Grads
Roscoe Sandlin had a "grand time" as a student at Boston's Suffolk Law School, but the party abruptly ended when the 58-year-old graduate failed to land a job upon earning his J.D. On paper, Sandlin, now a sole practitioner, could be viewed as a top candidate for many law firms. But what Sandlin says he didn't have going for him was his age.New Web Hiring Rules Cause Corporate Consternation
Lawyers say corporate America is having a panic attack over an upcoming rule that will require federal contractors to keep better track of whom they hire over the Internet. On Feb. 6, all federal contractors must have in place new protocols that will tell the government exactly what Internet resumes they reviewed, and the race and gender of qualified applicants. Employment attorneys argue that the new requirements create a record-keeping nightmare for companies.Web Hiring Rule May Trigger New Suits
Employment attorneys say new federal reporting requirements will result in a record-keeping nightmare and more hiring discrimination litigation.Boston Firms Split on How to Respond to N.Y. Pay Hikes
The race to raise first-year associate salaries has opened a chasm in Boston between firms matching New York's top rate of $160,000 and firms offering a $145,000 starting salary. Proskauer Rose expects the higher salaries to help the firm hold on to lawyers, according to Steven Bauer, who heads the firm's Boston office. "One of the biggest expenses a law firm faces is losing associates," he said. "If we can retain two associates this year who might have left, it pays for the increased raise by itself."Trending Stories
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