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Troutman to Start at $85,000 Plus Bonus for Big Billables
Troutman Sanders has joined the Atlanta firms boosting associates' salaries. First-years will now earn $85,000 and all associates will be eligible for an hours-based bonus system. Also, current associates are getting a $7,000 across-the-board salary increase. With 144 associates, that's more than $1 million in wages.PwC Fights CPAs Over Trade Secrets
PricewaterhouseCoopers has turned to a Georgia judge for help against plaintiffs who are seeking not only $600 million in damages from the Big Four firm, but also its banishment from the state. The object of PwC's ire is Tauber & Balser, an Atlanta accounting firm that has been providing litigation support to plaintiffs. PwC's lawyers say Tauber employees obtained trade secrets from two unrelated PwC cases and revealed the data through documents filed publicly in the litigation.New Tax Law Wipes Out 'Double Taxation' On Contingency Fees
Amidst all the corporate tax benefits enacted by the Senate on Monday, one little-noticed provision may turn out to be a boon for civil rights plaintiffs, public interest groups, whistleblowers and even trial lawyers.
Peer Pressure Compels Law Firms to Raise Summer Associate Salaries
When the Daily Report conducted its latest survey of summer associate pay, more than half of the responding Atlanta-area law firms initially said they were paying the same as last year. But many also asked, "What are other firms doing?" The result: After the survey's official close date, several firms announced they were raising weekly pay retroactively. And at least sixteen of the firms are now paying summers $2,000 or more a week, compared with two firms last year.
Big Firm Partners With Minority-Owned Boutique to Increase Diversity
Atlanta's Womble Carlyle Sandridge & Rice is partnering with a boutique of eight African-American lawyers, Molden Holley Fergusson Thompson & Heard, to address client concerns for more racial diversity. The deal -- one of the first of its kind in the country -- provides Molden Holley the resources to work on large, complex matters, while giving Womble Carlyle access to African-American lawyers with corporate experience at a time when major companies are looking for more diversity in their outside counsel.Accounting Firm Not Liable For $15M-$20M Lost By Investors
When investors rely on financial analyses not meant for them and lose millions as a result, those who draft the analyses aren't always to blame, a Georgia judge ruled. G & W Financial Corp. designed a plan to finance insurance premiums for high-risk drivers and used audits by accounting firm BDO Seidman to drum up capital. But the plan failed, and a class of about 700 investors sued BDO for $15 million to $20 million.TRENDING STORIES
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