JD Journal » haynes & boone

Morning Roundup

joshua — Thu, 28 Jan 2010 13:11:21 +0000

Good morning everyone! Today is Thursday, January 28, and here’s a look back at yesterday’s headlines…

President Obama took on the Supreme Court in last night’s State of the Union…

James O’Keefe’s lawyer says his client was not trying to bug Senator Landrieu’s phones…

Reed Smith picked up two corporate partners in New York…

Four partners jumped from Paul Hastings to Haynes & Boone…

Tipsters report staff layoffsat Brown McCarroll…

Read our pregame analysis of the State of the Union and see what we got right… and wrong…

Sidley Austin added an IP lawyer in San Francisco…

Gregory Craig returned to private practiceand has landed at Skadden…

Four Alston & Bird partners have jumped ship to open their own firm…

Baker & Daniels picked up a senior insurance lawyer….

A Hatian law firm has reopened amid the chaos…

Northwestern Law dovetails on a student loan program mentioned by the President in the SotU…

Scott Rothstein appeared in court and plead guilty yesterday…

McDonough ranks top in the nation on percentage of female partners…

and Boeing has a new chief counsel…

Four Partners move From Paul Hastings to Haynes & Boone

joshua — Thu, 28 Jan 2010 01:16:11 +0000

Four real estate partners in New York, including Steven Koch, the head of Paul Hastings real estate practice, have moved to Haynes & Boone. Bob Grados, Ken Friedman and Walter Schleimer round out the group.

There is some controversy surrounding the move, with Paul Hastings confirming that Grados, Friedman and Schleimer have left the firm but saying nothing about Koch, while Haynes & Boone have confirmed all four. Koch’s biostill appears on Paul Hastings roster but the other three have been removed, and none are listed yet at Haynes & Boone. This morning abovethelaw reported rumors that the four partners were asked to leave Paul Hastings, but now it appears they left voluntarily.

We will keep you posted as we learn more.

Haynes & Boone Cut First Year Salaries

joshua — Mon, 23 Nov 2009 19:40:58 +0000

First year associates at Haynes & Boone will be starting after Thanksgiving, but at a reduced rate. The firm emailed its incoming associates and informed them that the salary for first years has been cut to $145k. The firm says that it has not decided on a pay structure for 2010 yet so this may be a temporary cut, but that seems unlikely in today’s market. The rush to $160k was fueled by competition for the best students coming out of law school and was coupled with other perks and benefits, lavish events and other promotions designed to win the hearts and minds of the next generation of lawyers. With law school enrollment on the rise and the number of biglaw jobs on the decline, the tables have turned a bit and firms don’t need to persuade recent graduates to come work for them. A job offer is enough.

Clients are also pushing for lower hourly rates, particularly from first year lawyers who are essentially getting on the job training at the clients expense. In today’s economy, firms are increasingly catering to the wishes of their clients in order to get the business and so more and more firms are offering cut rates for first year hours, or moving to alternative fee structures. None of this adds up to returning salaries to 160k next year for Haynes & Boone first year associates.

That doesn’t mean it won’t happen, and if it does happen I will happily eat my words.

Daily Roundup

joshua — Thu, 27 Aug 2009 13:15:42 +0000

Good Morning! Here’s a recap of yesterdays stories.

Haynes & Boone expanded, adding four new lawyers as of counsel…

Ball Janik opens shop in Seattle with a new governement contracts practice…

Skadden will make all its summer offers on one day in September….

and Chadbourne & Parke is establishing a presence in northern California…