Good morning everyone! Today is Wednesday, March 3, and here’s a quick look back at yesterday’s news… Revenue is down at Winston & Strawn… DLA Piper forms an alliance with a Brazilian law firm… Former Arnold & Porter chairman Michael Sohn joins Davis Polk… A former secretary sues Drinker Biddle over a pay dispute… Ex Countrywide CEO Angelo Mozilo hires [...]
Continue reading...Tuesday, March 2, 2010
Revenue declined at Winston & Strawn in 2009 while profits remained flat. Gross revenue decreased by 5%, roughly $40 million. Profits per partner remained steady at $1.283 million and the number of equity partners (184) at the firm did not decrease either. Revenue per lawyer decreased 2.6% to $835,824. To absorb decreasing revenues the firm [...]
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
According to an internal memo to associates, Winston & Strawn is thawing salaries while also ending lockstep compensation. The memo from Thomas P. Fitzgerald outlines an associate pay-scale beginning at the market rate of $160,000 for first-year associates. However, it also states associates salaries “will range up to the maximum base compensation levels set forth below.” There [...]
Continue reading...Wednesday, February 17, 2010
Kilpatrick Stockton has added two partners to its financial institutions team. Paul S. Pilecki and Michael A. Mancusi will be joining the firm’s Washington D.C. office from Winston & Strawn. Pilecki’s practice concentrates on representation of foreign and domestic banking organizations on regulatory and corporate matters. He also has experience helping bank organizations plan new activities [...]
Continue reading...Monday, February 15, 2010
Good morning everyone! Today is Monday, February 15, and as the 3rd Monday in February it is also Presidents Day. For those of you not fortunate enough to have a three day weekend, let’s take a look at Friday’s news… Tipsters tell us that Hawkins & Parnell is opening in Austin… Colson Hicks is opening in Washingtonwith the help of [...]
Continue reading...Friday, February 12, 2010
Winston & Strawn froze salaries last year and now it appears that the freeze is still on. Associates received emails today regarding their compensation and across the board, they are still the same as they were two years ago. Third year associates are still making $160k. This might seem like a way to increase business at [...]
Continue reading...Tuesday, February 9, 2010
Good Morning! Today is Tuesday, February 9, and here’s your daily round up… A Senate report says that attorney-client accounts are being used to circumvent money laundering laws… King & Spalding picked up three litigators from Orrick… Winston & Strawn added three in New York… Wilson Sonsini picked up an O’Melveny partner in San Francisco… Former Michigan Chief Justice joined Miller [...]
Continue reading...Monday, February 8, 2010
Winston & Strawn has added two partners and a senior counsel to its New York office. Lawrence A. Larose and Samuel S. Kohn join as partners in the firm’s restructuring and insolvency group while William J. Grant has joined as senior counsel in the mergers and acquisitions practice. Larose, who will head the financial restructuring practice, [...]
Continue reading...Wednesday, January 13, 2010
Robert Pringle of Winston & Strawn’s San Francisco office has been named the 2010 Antitrust Lawyer of the Year as selected by the California State Bar Antitrust & Unfair Competition Section. The honor was announced Wednesday by Paul Griffin, a partner in the firm and member of the section’s executive committee. Pringle, who is also a [...]
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Wednesday, March 3, 2010
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