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Philly Sees Salary Increases |
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Thursday, 08 February 2007 |
Blank Rome announced yesterday that it would increase first-year salaries in New York, Washington, D.C., and Philadelphia. Starting pay in Philly will now be $135,000; in D.C. it will be $145,000; and in NY it will be $150,000. The same day D.L.A. Piper also made the move pushing Philadelphia salaries to $135,000, NY to $160,000, and D.C. and Chicago to $145,000. Other firms have not confirmed plans to match the increases but will be wathcing the market closely now that the first Philadelphia firm has raised salaries.
Source: www.law.com |
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Salary Increases Spread to New Jersey |
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Thursday, 08 February 2007 |
Similar to what happened last year when salary increases spread through the nation coast to coast and New Jersey firms eventually followed, the pay raise fever of 2007 has finally hit the state. Some firms such as Day Pitney and Drinker Biddle have already increased salaries in their NJ offices. However, though they may compete for some of the same candidates, NJ firms firms will not necessarily match NY salaries. As for the firms that have yet to raise payrates, they are watching the NY market closely and will act appropriately to remain competitive.
Source: www.nylawyer.com |
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Peckar & Abramson Acquires NY Boutique |
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Thursday, 08 February 2007 |
Construction firm, Peckar & Abramson, recently acquired NY boutique Berman, Paley, Goldstein & Monte. Three partners and one associate from Berman have joined Peckar & Abramson. The midsize firm has around 100 attorneys in its nine offices across the country.
Source: www.nylawyer.com |
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Merger Proves Profitable for Buchanan Ingersoll |
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Wednesday, 07 February 2007 |
The merger between Buchanan Ingersoll and Klett Rooney Lieber & Schorling has proved to be profitable, as Buchanan Ingersoll & Rooney shows a 40 percent increase in gross revenue during 2006 compared with Buchanan Ingersoll's pre-merger numbers in 2005. The firms merged in July of 2006, increasing revenues to $271.3 million from $193.7 million in 2005. Part of the increase can be attributed to the spike in numbers - from 385 to 505 attorneys. Though the merger was the main contributor to the growth, the firm also experienced growth in certain practice areas such as intellectual property, corporate finance, and complex litigation.
Source: www.law.com |
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Susman Godfrey Expands in NY |
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Wednesday, 07 February 2007 |
Litigation boutique, Susman Godfrey, is expanding its NY office. The Houston, TX firm recently added a new partner and relocated another from Dallas to New York. The 75-lawyer firm opened the NY office last fall, and it focuses on representing clients in antitrust, intellectual property, securities and accounting malpractice cases. Having won some of the largest damages awards and settlements in history, Susman Godfrey is most known for its antitrust practice.
Source: www.law.com |
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Wednesday, 07 February 2007 |
Three Atlanta firms followed Troutman Sanders' lead in raising salaries. Jones Day, King & Spalding and Alston & Bird are implementing raises that actually put them above Troutman's first-year associate increase from 115K to 125K. Jones Day's starting pay will be $135,000, King & Spaulding will pay first-years $130,000, and Alston & Bird raised all associate salaries by 15K, putting first-year pay at $130,000. Alston will also raise salaries in D.C. and New York to match the market increases of last month; D.C. attorneys start at $145,000, and NY associates receive $160,000 in their first year.
Source: www.nylawyer.com |
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Associates' Take on Salary Increases |
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Wednesday, 07 February 2007 |
Associates are not staying silent about the recent pay increases. Those in CA especially have something to say - while some complain about their firms not matching the NY market, others prefer that the markets remain separate and unique. Most associates recognize that NY attorneys are working longer hours, and should therefore be compensated for them. Many also claim that they would rather work less and get paid an accordingly smaller salary. The slight differences in pay generally matters most to students looking for their first firm (and hoping to pay off loans). For mid-level associates, on the other hand, comfort, environment, and overall good fit usually matter more than a 10K difference in pay.
Source: www.nylawyer.com |
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Wednesday, 07 February 2007 |
Sichenzia Ross Friedman Ference relocated from 1065 Avenue of the Americas to 61 Broadway in downtown New York, expanding by 11,250 square feet. The larger space will better accomodate the growing firm, which now has 25 lawyers and 13 support staff. The new office before was home to Healy & Baillie, which recently merged with Blank Rome and now operates out of the Chrysler Building. Cole, Schotz, Meisel, Forman & Leonard has also moved from 460 Park Avenue to a larger, 17,300 square foot office at 900 Third Avenue. Fourteen attorneys and 10 professionals will work in the new office, but there is room for growth. The firm, which merged with Angel & Frankel last year, expects there to be additions to the staff over the next few years.
Source: www.nylawyer.com
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Littler Opens Two New CT Offices |
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Tuesday, 06 February 2007 |
Last week Littler Mendelson announced the opening of two new offices in Connecticut - one in New Haven and the other in Stamford. Entering the CT market, the San Francisco-based firm encroaches on the territory of Jackson Lewis, before the dominant player in employment law. With the opening of its two new offices, Littler now has 41 offices nationwide and close to 600 attorneys. The self-proclaimed largest labor and employment boutique in the U.S., Littler maintains a healthy rivalry with Jackson Lewis; however, the competition does not seem to be affecting the employment practices of local firms.
Source: www.law.com |
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Lateral Hires at Tyler Cooper's New Manhattan Office |
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Tuesday, 06 February 2007 |
Tyler, Cooper & Alcorn recently opened a Manhattan office, and soon thereafter made its first two new hires. Though it is unusual for the firm to hire laterals with little experience practicing law, these two associates' backgrounds are primarily in journalism and business. After graduating from Brooklyn Law School and practicing as an in-house counsel, Harvey Sigelbaum spent 40 years working in the insurance industry. Carl Ginsburg worked for 25 years as a news producer at NBC and CBS covering courts, government agencies and business. At Tyler Cooper, Sigelbaum and Ginsburg will be dealing with healthcare fraud and abuse; the two attorneys will advise clients, but not represent them in court.
Source: www.nylawyer.com |
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New Partners and Lateral Moves in NY and Elsewhere |
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Tuesday, 06 February 2007 |
New York has recently been a hotbed of activity for lateral moves and associates making partner. Blank Rome added James V. Masella III to its corporate litigation group as a partner. Three attorneys also joined DLA Piper as partners in its NY, DC, and LA offices. In offices across the globe, White & Case just named thirty-seven associates to the partnership. Two partners from Buchanan Ingersoll & Rooney left to join the litigation department of Carter Ledyard & Milburn.
Source: www.nylawyer.com |
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Miami Acquisition for Epstein Becker |
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Tuesday, 06 February 2007 |
Epstein Becker & Green recently acquired hot-shot attorney Joseph P. Klock, Jr. for its Miami office. Klock offers valuable experience in litigation and business law; he also played an important role in the legal controversy surrounding the 2000 presidential elections. He was formerly the head of Miami-based Steel, Hector & Davis, prior to its merger with Squire, Sanders & Dempsey LLP. With over 380 attorneys in 11 offices nationwide, Epstein Becker continues to grow in the Southeast.
Source: www.sev.prnewswire.com
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Latham and Gibson Dunn's NY and CA Pay Raises |
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Monday, 05 February 2007 |
Latham & Watkins and Gibson, Dunn & Crutcher announced Friday that they will increase first year salaries in NY to $160,000, but only to $145,000 in CA and other offices. Because several firms have refrained from matching CA salaries to those of NY, other West-coast firms feel less pressure to increase. Billing rates, cost of living, and other issues make the two markets very different; most California firms are making pay raises to reflect that difference. However, one of the factors involved in the decision to raise salaries is whether or not the firm wants to be considered a top-tier firm.
Source: www.law.com |
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Winston & Strawn Recruits Group from Thelen Reid |
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Monday, 05 February 2007 |
Eight lawyers from Thelen Reid Brown Raysman & Steiner have been recruited by Winston & Strawn to join its New York office. The group of attorneys is led by former vice chairman and litigation chief of Thelen Reid & Priest, Michael Elkin. Elkin primarly deals with copyright and other intellectual property issues within the entertainment, luxury goods, technology and financial industries. Chicago-based firm Winston & Strawn has about 150 lawyers in its NY office.
Source: www.law.com |
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Kelly Hart Opens Office in Houston |
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Monday, 05 February 2007 |
Fort Worth, TX-based firm Kelly, Hart & Hallman will be opening an office in Houston within the next few months. Two Houston partners from Vinson & Elkins, along with former Enron Corp. general counsel James V. Derrick Jr. and Kelly Hart partner J. Clark Martin, will open the new office. Representatives from Kelly Hart claimed a friendly relationship between the two firms; Vinson & Elkins' management declined comment. The new Houston office has room to grow, with space for 15 attorneys.
Source: www.law.com |
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Friday, 02 February 2007 |
Former vice-presidential candidate Geraldine A. Ferraro has joined Blank Rome's government relations group in New York. Ferraro was previously handling public relations work and lobbying as managing director of Global Consulting Group, a communications and public relations consulting firm. For Blank Rome, she will lead seminars and speak with clients, along with tackling various other projects. Ferraro's experience as an ambassador to the United Nations Human Rights Commission and thus her wide international influence, are assets to the firm.
Source: www.law.com |
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Jenkens Talks with Hunton & Williams about Lateral Moves |
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Friday, 02 February 2007 |
Jenkens & Gilchrist of Dallas, TX is reported to have been talking with Hunton & Williams management about a number of lawyers from Jenkens' Dallas office relocating to Hunton & Williams' Dallas office. Currently, Jenkens' Dallas office houses most of the firm's lawyers, 140 of 251 attorneys in six cities across the country. One of the largest firms in Texas, Jenkens' management assures that the firm is talking with several firms, and refuses to confirm rumors of negotiation with Hunton. Hunton & Williams is based out of Richmond, VA, and boasts 875 attorneys in 18 offices worldwide; management from this firm would not comment either.
Source: www.law.com |
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Sonnenschein's Strategic Plan Involves Laterals |
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Thursday, 01 February 2007 |
Chicago-based firm, Sonnenschein Nath & Rosenthal, is looking to expand through lateral hiring. Key to the plan is Kara Baysinger, the firm's newly appointed lateral acquisition partner, and a lateral hire to the firm herself. Developed by longtime chairman Duane Quaini, Sonnenschein's strategic plan involves reaching $1.4 million in profits per equity partner by 2008 (from the current $800,000). The firm's goal of growth will primarily be achieved through lateral recruiting. Demonstrated by the May 2006 acquisition of Phoenix powerhouse Richard Ross, the firm will not shy away from even opening offices in unlikely places in order to gain lawyers with large and valuable practices.
Source: www.law.com |
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East Coast Firms Cause a Stir in LA |
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Wednesday, 31 January 2007 |
Over the past eight months, Los Angeles has become the hotspot for mid-size East Coast firms looking to expand. Seven firms have opened or expanded offices in LA: Duane Morris; Dreier; Goodwin Procter; Hunton & Williams; McGuireWoods; Steptoe & Johnson LLP; and Venable. Several of these firms have recruited large numbers of attorneys from prominent local firms; Goodwin Proctor, for example, acquired real estate partners from Pillsbury Winthrop Shaw Pittman in Century City. The recent activity seems to be the beginning of a trend - lawyers in the west are considering their options and are much more willing to move than some others.
Source: www.nylawyer.com |
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Oved & Oved's Office Upgrade |
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Wednesday, 31 January 2007 |
Oved & Oved of SoHo, NY, has moved from its home for five years to a more spacious space on 101 Avenue of the Americas. Expecting growth over the next year, the firm needed more room than was offered at their old 4,500 square foot office on 110 Greene Street. The new 15,000 square foot office features newly constructed perimeter offices and secretarial workstations, a 30-seat conference room, a cafeteria, a law library, and several trial preparation rooms. Oved & Oved specializes in complex commercial litigation, entertainment, corporate, real estate and e-commerce law.
Source: www.nylawyer.com |
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