Shearman & Sterling has decreased newly qualified (NQ) attorney salaries and freezing the salaries of current associates in the UK, the Middle East, and in Asia. The pay cut is more than 8 percent, bringing NQ salaries from £80,000 down to £73,000. Any lawyers who have had one year of experience will not move up in salary.
Source: www.thelawyer.com
Tags: Shearman & Sterling LLP
Covington & Burling has hired a notable attorney – Michael Chertoff. Chertoff was formally the Department of Homeland Security secretary and federal appellate judge. As a magna cum laude graduate from Harvard, Chertoff has had much opportunity throughout his career. Here is a brief summary: He spent almost four years at Latham & Watkins, became assistant U.S. attorney under Rudolph Giuliani, and U.S. Attorney for the District of New Jersey, returned to Latham & Watkins to open its Newark office and head the white-collar defense practice, became the head of the Justice Department’s criminal division, and now off to Covington. Wheh! That was a whopper!
Source: www.amlawdaily.typepad.com
Tags: Covington & Burling LLP
McCarter & English has taken an entire life sciences team from intellectual property boutique Lahive & Cockfield in Boston. Eight attorneys and four patent agents have joined the firm in its Newark, New Jersey office. Lahive is well known for promoting female attorneys to its partnership, as well as its flexible work schedule.
Source: www.nylj.com
Tags: McCarter & English, LLP
Watson Burton is in the midst of redundancy talks which could end in the departure of up to 75 attorneys. The firm announced that its Newcastle, Leeds, and London offices will all be decreasing headcounts. If it compares to the last time Watson Burton had redundancy talks, it may be that most if not all of the 75 possible job cuts will take place. In December of 2008, the firm talked to 14 people, and 10 left the firm.
Source: www.thelawyer.com
President Obama has asked Jeffrey Bleich to become his special counsel. Bleich is currently a partner at Munger, Tolles & Olson in the San Francisco office. Starting today, March 23, Bleich joins Obama on an interim basis for about three to four months.
Source: www.nylj.com
Another firm has launched in Dubai. Jones Day has joined the list in the Middle East. The firm is moving two partners to the city: Arman Galledari, from London, and Sheila Shadmand from Washington. The Dubai office will have a total of six lawyers, composing an office focused on finance, energy, arbitration and M&A fields.
Source: www.legalweek.com
Tags: Jones Day | Dubai
Wolf Block and the rest of the world will find out the future or non-future of the firm very soon. Wolf Block partners are meeting today to discuss the possibility of closing the firm, or whether they shall continue to fight for survival. There is talk about a group of Wolf Block lawyers in the midst of discussing their lateral moves with and to Cozen O’Connor. Cozen and Wolf Block almost merged two years ago.
Source: www.philadelphia.bizjournals.com
A Renewable Energy Attorney, with 30 years experience, is joining Day Pitney LLP. Michael A. Stosser will be working out of the firm’s New York office. He joins from Ardour Capital Investments, LLC, in which he was Senior Vice President.
Source: www.news.prenewswire.com
Tags: Day Pitney LLP | New York
Carlton Fields has made one of the most specific practice groups maybe ever. The “Chinese Drywall Team” has been formed to aid clients who have been negatively affected by it. The lawsuits are against contractors, suppliers and others involved in using Chinese drywall. Carlton Fields has offered its services to defend these groups.
Source: www.blogs.tampabay.com
Tags: Carlton Fields, P.A.Morgan & Finnegan, once an Intellectual Property boutique in New York filed for bankruptcy. The firm called it quits just this February after many partners left for good. Morgan’s revenues decreased by 38 percent leaving it $6.37 million in assets and $10 million in liabilities.
Source: www.amlawdaily.typepad.com
Tags: | New York
