MoFo Losses Antitrust Lawyer to Holme Roberts & Owen

Jesse Markham Jr. is leaving Morrison Foerster to join Holme Roberts & Owen in San Francisco as the antitrust team co-chair. At MoFo, Markham was the co-chair of the antitrust group for three years. His reasons for the move included lower billing rates and an opportunity to grow HRO’s practice. With the new addition, Denver-based HFO will have 19 lawyers in its San Fran office. Markham aims to establish one of the “go-to” antitrust practices in the country, but some say that will be difficult without a larger group of lawyers and in a firm that isn’t known for its antitrust work.
Source: www.law.com

Tags:  Morrison & Foerster LLP

Wilson Sonsini Prepares to Close Salt Lake City Shop

Wilson Sonsini will be closing its Salt Lake City office within the next two months. The 13-lawyer office opened in 2001. The Silicon Valley firm decided to close the office in order to bring partner Robert O’Connor back to the San Francisco office where he will help organize and manage the clean-tech practice. Corporate partner Mark Bonham will stay in Salt Lake, joining local firm Ray Quinney & Nebeker, along with four associates.
Source: www.law.com

Tags:  Wilson Sonsini Goodrich & Rosati P.C.

Ogletree Deakins Merges with Lewis Fisher

Ogletree, Deakins, Nash, Smoak & Stewart has merged with Lewis Fisher Henderson & Claxton opening two new offices in Memphis, TN, and Jackson, MS. The merger will add 19 lawyers to Ogletree’s 365. Though Memphis had not been a city that Ogletree had been considering, it will allow the firm to service Western Tennessee, Arkansas, and parts of Mississippi. Moreover, only one other labor & employment boutique, Ford & Harrison, has an office in Memphis. Ogletree has opened six new offices since the beginning of 2005, and now has 30 nationwide.
Source: www.law.com

Tags:  Ogletree Deakins

NJ Firm Lowenstein Sandler Raises Starting Salary to $140,000

Lowenstein Sandler is the first New Jersey firm to raise first-year salaries to $140,000. The 250-lawyer firm also reported that its New York associates’ pay might be even higher. The second highest-paying NJ firm is Flaster Greenberg, with a starting salary of $130,000. Lowenstein’s raise may put pressure on other NJ firms that have remained at the $125,000 level like Sills Cummis Epstein & Gross, Gibbons and McCarter & English. Raymond Thek, the chair of the recruiting committee at Lowenstein, expressed that the raise was the firm’s way of remaining the market leader and being able to recruit the best new associates possible.
Source: www.law.com

Tags:  Lowenstein Sandler, PC | New York

Chadbourne Enters into Merger Talks with UK’s Watson, Farley & Williams

Chadbourne & Parke has begun intial merger discussions with London-based firm Watson, Farley & Williams. The combined firm would have over 600 lawyers and combined revenues of more than $350 milion. Chadbourne has been looking to merge to increase its size and become more competitive with larger firms. Managing partner, Charlie O’Neil, has been trying to increase Chadbourne’s profitability over the past couple years after a bad year in 2005. He has succeeded in increasing the firm’s revenues, but the firm has also lost several key partners along the way.
Source: www.nylawyer.com

Goodwin Procter Opens in Palo Alto

Goodwin Procter has opened a Palo Alto office, its fifth office in California to open over the past 14 months. The Boston-based firm recruited six Bay Area attorneys from Townsend & Townsend & Crew LLP, Wilson Sonsini Goodrich & Rosati PC and Latham & Watkins LLP for the new office. The firm has offices in L.A., San Francisco, and San Diego, and has over 750 attorneys nationwide.
Source: www.bizjournals.com

Tags:  Goodwin Procter, LLP | Silicon Valley

San Diego Has More Law Firms Than Clients

The San Diego legal market has become saturated with lawyers and firms over the past 10-15 years, making the competition fierce for the limited number of clients. Luce, Forward, Hamilton & Scripps and what was then Gray Cary Ames & Frye were the first two firms in the city, but in the 1980s some L.A. firms started setting up shop in the city. Tech-focused San Francisco firms arrived in the early 90s, taking advantage of the booming life sciences industry. Most recently, Boston firms such as Mintz, Levin, Cohn, Ferris, Glovsky and Popeo and Goodwin Procter are staking their claim in the southern CA market. Some people say that these new arrivals will not have what it takes to compete against the well-established firms, though others argue that with some agressive lateral recruiting, these firms will be able to grow their San Diego offices into a real player in the market.
Source: www.law.com

Cost of Living Differences Forgotten with Nationwide Pay Raises

Considering the difference in cost of living between California and New York, some have begun to wonder whether the West coast (and elsewhere) matching of the NY market rate is fair for NY associates. Starting in May many big CA firms raised first-year salaries from $145,000 to $160,000; some firms in Boston and Chicago have made the same move. Those firms justify the raises by emphasizing their national status – they want all of their associates to receive the same pay no matter where they are in the country. However, when it comes down to it, there are vast differences in cost of living across the U.S. The $160,000 NY salary is actually equal to $205,631 in L.A., and $278,573 in Chicago.
Source: www.nylawyer.com

Tags:  New York

Dickstein Shapiro Adds 4 Thelen Reid Attorneys in L.A.

D.C. based Dickstein Shapiro has added four attorneys from Thelen Reid Brown Raysman & Steiner’s L.A. office, which has seen more than a dozen departures since its fall merger. Partners James Turken and Amy Rubinfeld, along with two associates from Thelen’s commercial litigation group have joined the 20-lawyer office in L.A. Thelen’s office now has about 50 attorneys, down from 65 at the time of its merger with Brown Raysman Millstein Felder & Steiner.
Source: www.nylawyer.com

Tags:   | Los Angeles

Pay Hikes in Sacramento

Several firms in Sacramento, CA have jumped onto the pay raise bandwagon. Seyfarth Shaw increased first-year pay from $121,000 to $135,000, while Weintraub Genshlea Chediak bumped up pay to $100,000 and Pillsbury Winthrop Shaw Pittman LLP raised starting salaries to $145,000. Morrison & Foerster pays new lawyers $160,000, which is said to be the best pay in town.
Source: www.bizjournals.com