Let’s start with the easy part. Associates in the New York office of Pillsbury are having their salaries restored to the level they would have been at had they never been frozen in the first place, so long as they met their billable hour target of 1,755 hours. Associates that missed their target [...]
Continue reading...Wednesday, February 3, 2010
Arthur Cutillo, a former employee of the New York law firm Ropes & Gray, pleaded not guilty in federal court in Manhattan yesterday, along with six others charged in a $53 million insider-trading case. Cutillo is accused of illegally sharing information regarding mergers with an insider-trading network linked to the Galleon Group LLC hedge fund. Evidence [...]
Continue reading...Tuesday, February 2, 2010
Washington D.C. based firm WilmerHale has sent out inquiries to real estate brokers in New York City. The firm is looking for between 200,000 and 225,000 square feet of new office space. This is significantly larger than the space it currently occupies at Boston Properties’ 399 Park Avenue. At 399 Park Avenue WilmerHale occupies 163,000 [...]
Continue reading...Monday, January 25, 2010
International law firm Chadbourne & Parke has named John Hintz a partner in the intellectual property practice group in its New York office. He arrives from the office of Wilmer Hale in New York. Hintz is the latest in a series of additions to Chadbourne’s IP practice in the areas of financial services, Internet technology and [...]
Continue reading...Tuesday, January 19, 2010
London-based firm Mischon de Reya opened the doors to its first international office in New York City Tuesday. James McGuire will serve as managing partner of the new office and oversee a staff of 15. “Opening our first international office in one of the major financial centres of the world is an exciting opportunity for both [...]
Continue reading...Tuesday, December 29, 2009
Kramer Levin is paying bonuses mid February and they are based on the Cravath scale. To be eligible for a Cravath sized bonus, an associate must have met certain billable hour targets. Anyone that falls short may be eligible for a smaller bonus and those that joined the firm mid year will receive [...]
Continue reading...Wednesday, December 23, 2009
Weil Gotshal is paying most of its associates on the Sullivan & Cromwell scale – $7500 for the first years up to $33k for the most senior – but some of the senior associates who are on Santa’s nice list will be getting a bit more. At the top of the scale, bonuses for [...]
Continue reading...Friday, December 18, 2009
In a firm wide email sent out yesterday, Kelley Drye managed to fold what would typically be three different stories into one. Over the next two years, Kelley Drye will move away from lockstep compensation and into a merit based pay scheme. Details have not yet been worked out. As a first step, however, [...]
Continue reading...Monday, December 14, 2009
Simeon Spencer is leaving the London office of Morgan Lewis and, along with associate Anna Margolis, joining Seyfarth Shaw in New York. The two new arrivals will join the firm’s International Labor & Employment Practice Group. Although they will be working out of New York, Spencer’s focus will remain on European multi-jurisdictional labor [...]
Continue reading...Friday, December 11, 2009
After 10 years at the helm, Rodgin Cohen is stepping down as chairman of New York’s Sullivan & Cromwell. Corporate real estate partner Joseph Shenker will take over the management of the 800 lawyer firm as of January 1. Cohen has been a force in mergers and acquisitions of some of the largest banks and [...]
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Thursday, February 4, 2010
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