North America/US - Page 169
Davis Polk takes initiative on bonus rates for associates
Davis Polk & Wardwell has surprised the US legal pay market by adding an extra US$10,000 for associates in the middle levels.
Detroit manager defends Jones Day fees and expenses
The former Jones Day partner who is the emergency manager of Detroit has defended the charging practices of his ex-colleagues who are now advising him, saying that he would need 'six to eight additional firms' if he were without Jones Day.
GCs prefer dealing with law firms that use flexitime
Legal advisers who work healthy hours appear to be delivering services in a way that is more effective to general counsel, according to a panel discussion organised by the Colorado Bar Association.
Ex-Cleary lawyer heads Lending Club $650m float
Renaud Laplanch, the French former securities lawyer, is the brains behind Lending Club and its much anticipated float on the New York Stock Exchange next week.
Lawyer in custody over stabbing of managing partner
A lawyer in the US state of Virginia is being held in custody, accused of abducting the managing partner of the law firm which recently fired her and also of assaulting him and his wife.
Minority of firms 'very optimistic' about the future
More firms than ever - 12% - are describing themselves as 'very optimistic' about 2015 in The American Lawyer's survey of managing partners in the Am Law 200.
CC takes DC structured finance team from Bingham
Five lawyers, including two partners, have left Bingham McCutchen in Washington DC to join Clifford Chance.
New York ups legal spend to 1pc of budget
The city of New York spent 40% more on settlements and other legal costs in the last fiscal year, with a big increase coming under new mayor Bill de Blasio.
Academic questions effectiveness of cyber law
Bringing successful prosecutions in the US over cybercrime is 'very difficult', according to the new director of the Center for Intellectual Property Law and Technology at the Univsersity of Akron School of Law.
Uber suspends Nevada operations after regulatory problems
Car-sharing company Uber has halted operations in Nevada after a judge in the state issued a preliminary injunction against it - in a case which might help define the boundaries of digital companies.
Kim Dotcom runs out of money to fund legal team
Kim Dotcom, the German-born founder of Megaupload, has begun representing himself, claiming that a battle with the US legal authorities has drained him of resources including the money to pay his legal team.
Howrey clawback bankruptcy case goes to Ninth Circuit appeal
A San Francisco judge is allowing a case on the ownership of unfinished work in the bankrupt Howrey law firm to skip an appeal tier and be heard next in the Ninth Circuit.
Microsoft seeks information on Quinn Emanuel from IRS
Microsoft has filed a freedom of information action with the aim of discovering more about the relationship between the US Internal Revenue Service (IRS) and an external adviser, Quinn Emanuel.
NY judge agrees $450 million Apple fine over e-books price-fixing
A Manhattan Court has rubber-stamped an agreement for the company to pay $400m to 20 million consumers and $50 million to lawyers involved in the case.
In-house lawyers see base salary creep up
Salaries have gone up by around three per cent with cash bonuses increasing it to five per cent.
Milbank Tweed follows high end bonus trend
At least four US law firms are to pay bonuses to associates of between US$15,000 and $100,000 this winter.
Napoli Bern top partners hurl accusations
New York's high-powered law firm Napoli Bern has seen its tip partners engage in mudslinging - with allegations of prostitutes and affairs doing the rounds.
Texas firm goes national
Austin-based Barron & Newburger is opening offices in California, Colorado and New York through the recruitment of four new lawyers.
Fee examiner persuades Dentons to cut Detroit fees
Dentons has agreed to reduce some of its bills relating to the bankruptcy of Deloitte city by as much as 40 per cent after the intervention of a fee examiner.
Simpson Thacher leads the way on bonus rise
Cleary Gottlieb, Paul Weiss and a group of other large US firms have broken with tradition and announced bonuses before Thanksgiving Day, also upping them by as much as 50 per cent.