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September 18, 2008 |

Firms fall in and out of love

It's a given that many law firm mergers flame out before they ever get off the ground, but reports of unsuccessful pairings have been particularly prominent in recent weeks.Some of the deals stalled because of conflicts of interests, the firms said. Others did so because of cumbersome retirement plans or incompatible business structures, they said.
5 minute read
April 21, 2000 |

Tech Lawyers on a Coaster Ride

"There's this game that's been played among the CEOs, and that is, 'I'll pretend that your company is worth $100 million if you pretend my company is worth $1 billion,'" says high-tech lawyer Jim Verdonik. As many tech stocks have retreated, the primary change for lawyers has been to adjust the price of transactions, he says. "But the deals will get done, and they'll need lawyers," he concludes.
5 minute read
February 15, 2005 |

Five From Venture Law Group Leave Heller, Opt for Orrick

Given the firms' histories, it's back to the future for five partners from Heller Ehrman's Venture Law Group who have resigned to join Orrick, Herrington & Sutcliffe. Orrick and VLG used to share clients and once talked of merging. Orrick Chairman Ralph Baxter Jr. said bringing on the group was part of a strategy of expanding in the tech sector. The VLG partners will help Orrick form an emerging companies practice group that will span Asia, the West and East coasts of the United States, and Europe.
2 minute read
April 25, 2001 |

Boston Firms Embrace Bonuses Over Jacking Up Salaries

Some, but not all, of Boston's biggest law firms have joined the latest round of $10,000 raises for first-year associates nationally, and others may be waiting to see how much the economy will slow before they re-enter the associate pay race that consumed the legal community a year ago.
5 minute read
August 07, 2002 |

VLG Loses First Partners in Nearly Two years

Venture Law Group lost half its partner ranks in its Kirkland, Wash., office Monday to Wilson Sonsini Goodrich & Rosati. The departures of Craig Sherman and Mark Handfelt mark the first time since November 2000 that a partner has left VLG. While VLG has shrunk its lawyer ranks -- it now has 75 lawyers, down from 93 in March 2000 -- its partner ranks have held steady, even after the Internet bubble burst.
3 minute read
January 15, 2001 |

Salary War: The Sequel

San Francisco's Brobeck, Phleger & Harrison fired the first shot in what could be a new salary war, raising first-year associate pay to as much as $170,000. Hours after Brobeck's announcement Friday, Gray Cary Ware & Freidenrich announced it would match the increase, and Seattle's Perkins Coie raised its Bay Area associate salaries. But it's unclear whether Brobeck is starting a full-scale battle or merely a salary skirmish.
5 minute read
March 10, 2003 |

Sidebar

Manatt gets freeway signage; three from Sheppard Mullin receive commendation from Newark's mayor for pro bono work on behalf of Chamber of Commerce; Professor Kelso vies for presidency of CSU-Sacramento; laid-off Oakland Deputy City Attorney finds job with a familiar company.
5 minute read
May 03, 2000 |

Gibson Hikes Summer Associate Pay

The thorny issue of summer associate salaries is in full bloom as California firms question whether to bestow on the student visitors the same extravagant raises announced this year for lawyers they've actually hired. Los Angeles-based Gibson, Dunn & Crutcher announced it will pay its summer help $2,400 a week, based on its first-year associate base pay of $125,000.
4 minute read
February 05, 2001 |

Cooley Won't Match Associate Salary Hikes

Cooley Godward associates will not be receiving a salary increase this year, the firm announced last week. Cooley follows fellow Palo Alto, Calif., firm Wilson Sonsini Goodrich & Rosati in deciding to keep associate base pay at year 2000 levels. Both firms have declined to match San Francisco-based Brobeck, Phleger & Harrison's recent $10,000 across-the-board salary hike.
4 minute read
March 01, 2000 |

Chain Reaction

The new associate compensation packages could cost firms tens of millions of dollars more than they expected to pay associates. This may be fine for the Silicon Valley firms, with high-tech clients willing to pay almost anything for name-brand firms, and for the New York M&A firms where partners take home upwards of a million dollars a year. But what about the firms that aren't wallowing in dough?
6 minute read

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