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Why Are International Law Firms Retreating from China?

Why Are International Law Firms Retreating from China?

Summary: Last year, some law firms exited China, but why? China is a booming market with nearly 1.4 billion people to serve. While law firms may want to work in the country because of the potential business, local corruption and political roadblocks are enough of a deterrent for clients to rethink whether or not the pros […]

Schulte Roth & Zabel Offers Associates Big Bonus

Schulte Roth & Zabel Offers Associates Big Bonus

Summary: SRZ is offering its associates a generous year-end bonus. Tis the season for giving, and in the law firm world, the gifts are better than that Xbox you promised your spoiled nephew. After word spread yesterday that Houston-based Susman Godfrey was offering a minimum year-end bonus of $40,000 to its first-year associates, another law […]

Massachusetts Attorney Disbarred for Fraud

Massachusetts Attorney Disbarred for Fraud

Summary: A Massachusetts attorney was officially disbarred and required to pay the IRS $300,000 in restitution for taking money from clients to pay bills in lieu of a reportable income. A month after being sentenced to a year of probation and a $300,000 fee, a Topsfield lawyer has been officially disbarred. John Molloy Jr, 53, […]

Top 10 Cities with Great Quality of Life and Law Firm Presence

Top 10 Cities with Great Quality of Life and Law Firm Presence

Summary: What are the best places to live that also have big and medium-sized law firms? In 2015, the population of Denver, Colorado ballooned by over 100,000. People not only flocked there to get a Rocky Mountain High, but the city also has great weather, Midwestern friendliness, and a lot of fun activities for families and young […]

Law Firms Use Bonus Clawbacks to Curb Lateral Poaching

Law Firms Use Bonus Clawbacks to Curb Lateral Poaching

Summary: Law firms are fighting back against lateral poaching. Law firms find new associates using two methods–hiring recent law school graduates or lateral hiring from competitors. It is understandable that law firms wouldn’t want to lose any of their attorneys, considering how they spent years grooming them, so firms are increasingly enforcing policies to discourage […]

Susman Puts Other Bonuses to Shame

Susman Puts Other Bonuses to Shame

Summary: Susman Godrey delivered their bonuses to associates this year in a big bundle, bigger than any other firm has given out yet this year. Cravath and all other law firms have officially been one-upped. The Houston-based Susman Godrey is not messing around when they look at bonuses or parties. For the firm’s annual holiday […]

Sioux City Attorney Charged With Hit-And-Run

Sioux City Attorney Charged With Hit-And-Run

Summary: A Sioux City attorney will spend time in jail for hitting two pedestrians and a car without stopping at the scene. Sioux City attorney has been sentenced to 15 days behind bars for a hit-and-run incident that left two men injured. Thomas Farrens, 32, entered an Alford plea in the Woodbury County District Court […]

Certain Law Firms Will Be Hurt by Associate Salary Increase, Report Claims

Certain Law Firms Will Be Hurt by Associate Salary Increase, Report Claims

Summary: A report states that certain law firms will be hurt financially because of the Cravath Effect.  In June, Cravath, Swain & Moore changed the legal world when it announced that all first year associates would earn salaries of $180,000 instead of the industry standard of $160,000. This salary increase created a “Cravath Effect” and other BigLaw […]

Crowell and Herrick Explore Merger Option

Crowell and Herrick Explore Merger Option

Summary: Crowell & Moring and Herrick Feinstein have entered into discussions about merging the two firms into a larger Am Law 100 firm. Crowell & Moring is currently in close merger discussions with Herrick Feinstein with a term sheet close to being signed. The Washington-based Crowell, which is roughly three times as large as Herrick, […]

Midsize Firms Avoid Bonus Race

Midsize Firms Avoid Bonus Race

Summary: Midsize and midmarket law firms are refraining from joining in on the end-of-year bonus competition between Big Law and large boutiques. The law firms everyone expects are rolling out their 2016 bonus rates. The typical firms you expected to stay far away from the hype are. It should come as no surprise that midmarket […]

Boutiques Join In On Bonus Season

Boutiques Join In On Bonus Season

Summary: A new trend of beating the bonus rates set by Cravath has started with another boutique announcing their higher rates. Generally boutique law firms do not try to keep up with Big Law salary or bonus rates. However there are exceptions to this. Several boutiques announced matching salary rates when Cravath started the trend […]

Boutiques Join In On Bonus Season

Boutiques Join In On Bonus Season

Summary: A new trend of beating the bonus rates set by Cravath has started with another boutique announcing their higher rates. Generally boutique law firms do not try to keep up with Big Law salary or bonus rates. However there are exceptions to this. Several boutiques announced matching salary rates when Cravath started the trend […]

Florida Attorney Caught Bringing Loaded Gun to Courthouse

Florida Attorney Caught Bringing Loaded Gun to Courthouse

Summary: A Florida attorney was discovered with a loaded gun in his backpack as he entered the courthouse to attend his Bar hearing. Clearwater attorney James Franklin Lowy came to the Pinellas County Criminal Justice Center for his Florida Bar hearing. He brought with him a loaded .45-caliber handgun in his backpack. Lowy does not […]

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