A new survey conducted by “Legal Week” finds that lateral partner hiring by U.S. firms in London fell to its lowest level last year since 2004. Hiring trends at 37 of the biggest U.S. and trans-Atlantic firms show that just 59 lateral partner moves were made in 2009. Many firms were reluctant to expand with [...]
Continue reading...Thursday, February 25, 2010
Loretta Lau, formerly a partner at Mayer Brown, has joined Goodwin Procter’s Hong Kong office as a corporate finance partner. Goodwin Procter established a presence in Asia with the opening of its Hong Kong office in 2008. Lau, a graduate of the University of Hong Kong and China University of Political Science and Law, will [...]
Continue reading...Tuesday, February 23, 2010
Good morning everyone! Today is Tuesday, February 23, and here’s a look back at yesterday’s stories… Steve Epstein joined Fried, Frank, Harris, Shriver & Jacobson as a partner… Albert P. Halluin, Senior Counsel at Wilson Sonsini Goodrich & Rosati, passed away in a plane crash last Friday… Kirkland & Ellis reported increases in profits and revenues in 2009… Mayer [...]
Continue reading...Monday, February 22, 2010
Revenues decreased at Mayer Brown in 2009 by 14%, from $1.294 billion in 2008 to $1.118 billion last year. Profits decreased as the firm’s net income decreased by almost 19%. Profits per equity partner decreased 4% from $1.11 million to $1.06 million. Revenues per lawyer also decreased to $670,000 from $720,000 in 2008. The firm [...]
Continue reading...Wednesday, February 17, 2010
It’s probably not a surprise that making partner has proven a more difficult task during the current recession. Not wanting to further cut into its partner’s profits, most firms have been extremely cautious to add to its ranks. Bloomberg gives further clarity to the trend in a report out today. Among the firms cited in the [...]
Continue reading...Wednesday, February 3, 2010
Good morning everyone! Today is Wednesday, February 3, and here’s a look back at yesterday’s news… Arthur Cutillo plead not guilty in court yesterday to charges stemming from the Galleon Group insider trading case… Thomas Russo has officially started at AIG, leaving Patton Boggs behind… Mayer Brown has thawed salaries and given associates a double bump… McDonald Hopkins [...]
Continue reading...Tuesday, February 2, 2010
The salary marketis starting to crystallize now. Mayer Brown today joined other top tier firms in restoring associate salaries back to pre-recession levels. That means everyone is being bumped up two levels, putting all Mayer Brown associates where they would have been had salaries never been frozen in the first place. There [...]
Continue reading...Tuesday, January 12, 2010
Scott Pierpont has been named partner in the banking and finance practice of global firm Jones Day. Prior to joining Jones Day, Pierpont was a partner in Mayer Brown. He will serve in Jones Day’s New York office. Pierpont’s practice includes representation of financial institutions, asset managers, hedge funds and investors among others. He most recently [...]
Continue reading...Tuesday, December 29, 2009
As we get closer and closer to New Years Eve, I want to remind everyone to be be careful and to have a fantastic and safe holiday. We want every single one of our readers back next year! Here’s a look at yesterday’s news… Ron Parraguirre is Nevada’s new chief justice… A branch of Al Qaeda has [...]
Continue reading...Monday, December 28, 2009
Mayer Brownassociates got the news on Christmas Eve – the firm is matching the Cravath bonus scale. $7500 for first years, $30k for senior associates and the same sliding scale in between. What associates have not yet been told is whether or not they’re getting a pay raise next year. Mayer Brown [...]
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Friday, February 26, 2010
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