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U.S. raises affect firms across the pond
THE RECENT SALARY INCREASES for new associates throughout the United States may be having a ripple effect across the Atlantic Ocean. New York's Weil, Gotshal Manges recently boosted pay for newly qualified lawyers in London from 75,000 to 90,000 British pounds, the equivalent of more than $179,000 in U.S. dollars at the current exchange rate.U.S. Firms' Pay Hikes Have Ripple Effect in U.K.
The recent salary increases for new associates throughout the United States may be having a ripple effect across the Atlantic Ocean.
Watson v. Greene, 10-307-pr
Publication Date: 2011-05-18 Practice Area: Criminal Practice
Industry: Court: U.S. Court of Appeals, Second Circuit Judge: Before: Lynch And Chin, C.JJ., Korman, D.J.** Attorneys: For plaintiff: For defendant: Case number: 10-307-pr
Cite as: Watson v. Greene, 10-307-pr, NYLJ 1202494344558, at *1 (2cir, Decided May 17, 2011)Before: Lynch And Chin, C.JJ., Korman, D.J.**
Frustrations With Outside Counsel
The crux of clients' dissatisfaction with private practice firms is the high cost of the service provided. It is not the only basis for dissatisfaction but it is the overriding issue. Higher costs are a fundamental by-product of the prevailing major business practice firm model and the desire of major firm partners for very large incomes.
As Recession Brutalizes Key Practice, Firm Looks to Diversify London Base
Leading French firm Gide Loyrette Nouel has launched a London funds practice as it attempts to diversify a finance-focused practice that left the office brutally exposed to the rigors of the downturn.
DeKalb case tests line between sweepstakes and illegal gambling
The boundary between a legitimate sweepstakes and an illegal gambling operation is being tested in DeKalb County Superior Court, where defendants are trying to persuade a judge that they were careful to obey the letter of Georgia's laws. James Kokott, right, owner of Big Dawg Calling Cards, testified before Judge Clarence Seeliger this week that he took precautions to ensure his stores didn't run afoul of Georgia's gambling law.
Firm Pay Hikes in U.S. Have Ripple Effect in London
The recent salary increases for new associates in the United States may be having a ripple effect across the Atlantic Ocean. "We felt this year it was the right thing to do to be more in line with what we pay in the U.S.," says Weil Gotshal partner Michael Francies, whose London office recently boosted pay for newly qualified lawyers to the equivalent of more than $179,000 in U.S. dollars. Law firms cite cost of living and an attempt to embody their global images as reasons for raising salaries.Ortiz v. N.Y.S. Parole in Bronx
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