http://www.abajournal.com/news/ en Copyright 2013 2013-05-20T00:20:10-06:00 http://www.abajournal.com/news/article/which_law_schools_pay_tenured_profs_the_most_and_least_survey_has_68_median/ If you are a tenured law professor, the University of California at Hastings may be a good place to teach. UC Hastings paid its tenured law profs the highest reported median salary among 68 schools responding to a survey by the Society of American Law Teachers. UC Hastings paid a… Careers, Lawyer Pay, Law Professors, Law Schools Thu, 09 May 2013 05:39:46 -0500 44090.abajournal.com http://www.abajournal.com/news/article/u_of_texas_put_golden_handcuffs_on_law_faculty_with_help_of_213m_private_fo/ As the state attorney general continues to look into the operations of a private nonprofit foundation that helped raise money for the University of Texas Law School, details are emerging about the "golden handcuffs" that discouraged faculty from going to other institutions. Although there is nothing to indicate that any… Careers, Lawyer Pay, Government Law, Law Professors, Law Schools, States, Texas Tue, 23 Apr 2013 16:02:49 -0500 43879.abajournal.com http://www.abajournal.com/news/article/free_football_tickets_sweetened_exit_deal_for_general_counsel_pressured_to_/ Rutgers University’s interim senior vice president and general counsel has negotiated an exit deal that includes cash and free football tickets. John Wolf will be paid nearly $420,000, representing 18 months of his salary, and will get tickets for next season’s Scarlet Knights football games, the Careers, Lawyer Pay, Education Law, In-house Counsel, Labor & Employment Mon, 15 Apr 2013 08:59:39 -0500 43726.abajournal.com http://www.abajournal.com/news/article/as_many_law_firms_boost_pay_of_top_performers_shearman_reportedly_takes_a_d/ Many law firms in recent years have boosted the salaries of their star lawyers, creating larger gaps between the highest and lowest paid partners. Shearman & Sterling, however, is apparently taking a different tack, according to a published report. Reuters reports that Shearman is “bucking the industry trend”… Business of Law, Law Practice Management, Careers, Lawyer Pay, Law Firms, Large Firm, Partners Wed, 10 Apr 2013 09:59:43 -0500 43665.abajournal.com http://www.abajournal.com/news/article/ex-partner_sues_thompson_wigdor_for_600k_firm_calls_him_disgruntled_and_des/ A former partner who left Thompson Wigdor in 2011, after the firm was sanctioned over an employment case in which he was involved, has sued for $600,000 he says he is still owed. Scott Gilly says he is owed the money under the firm's 2008 partnership agreement and a separation… Careers, Lawyer Pay, Contracts, Labor & Employment, Law Firms, Partners, Solos/Small Firms, Legal Ethics, Tort Law, Trials & Litigation, 2nd Circuit Court, States, New York Tue, 09 Apr 2013 14:37:41 -0500 43658.abajournal.com http://www.abajournal.com/news/article/if_you_are_a_2011_law_grad_nearly_half_of_you_cant_afford_a_house_law_prof/ Bleak employment numbers are one way to measure the misery of law graduates. Another way: Determine the percentage of grads who make so little money in relation to their law school debt that home ownership is out of the question. University of St. Thomas law professor… Careers, Lawyer Pay, Law Professors, Law Schools Mon, 08 Apr 2013 06:25:15 -0500 43615.abajournal.com http://www.abajournal.com/news/article/expert_in_legal-fee_fight_blasts_make-believe_game_over_cost_of_contract_la/ Even in the New York metropolitan area, the reasonable cost of hiring a contract lawyer from a staffing agency to do document review work in a securities class action case is, at most, $50 to $75 an hour, an expert said in a declaration (PDF) filed last month… Careers, Lawyer Pay, Corporate Law, Securities Law, Trials & Litigation, Attorney Fees, 2nd Circuit Court, States, New York Mon, 01 Apr 2013 12:38:23 -0500 43505.abajournal.com http://www.abajournal.com/news/article/u_of_texas_regents_ok_external_probe_of_law_school_funding/ In a close vote after an unusually contentious meeting Wednesday, the board of regents for the University of Texas System voted 4-3 to approve an outside probe of a law school funding controversy. The controversy centers on some $5.5 million in loans provided by the University of Texas Law School… Careers, Lawyer Pay, Government Law, Law Professors, Law Schools, States, Texas Wed, 20 Mar 2013 16:16:35 -0500 43377.abajournal.com http://www.abajournal.com/news/article/new_aba_online_toolkit_helps_law_firms_address_gender-based_pay_inequities/ As female attorneys in private practice continue to earn less than male counterparts, the American Bar Association has put together a program to help law firms address pay inequities. Available online, the ABA Toolkit for Gender Equity in Partner Compensation is… Bar Associations, ABA, Business of Law, Law Practice Management, Careers, Lawyer Pay, Women in the Law, Law Firms, Large Firm, Partners Mon, 18 Mar 2013 12:21:06 -0500 43325.abajournal.com http://www.abajournal.com/news/article/which_recent_law_grads_earn_the_most_columbia_tops_list/ Recent graduates of Columbia Law School make the most money, according to a website that allows users to compare their salaries with workers in the same jobs. Columbia law grads working in the private sector earn median early-career pay of about $165,000 and median mid-career pay of $187,000, according to… Careers, Lawyer Pay, Law Schools, Law Students Mon, 18 Mar 2013 05:45:35 -0500 43287.abajournal.com http://www.abajournal.com/news/article/ex-associate_files_sexual_harassment_suit_against_faruqi_firm_and_prominent/ Updated: A former associate has filed a federal lawsuit against a prominent plaintiffs class action lawyer and his New York-based law firm, contending that the partner sexually harassed her and the firm did nothing to stop his inappropriate behavior when she complained. Plaintiff Alexandra Marchuk says in the suit that… Careers, Lawyer Pay, Law Firms, Associates, Partners, Solos/Small Firms, Tort Law, Trials & Litigation, 2nd Circuit Court, States, New York Thu, 14 Mar 2013 12:30:36 -0500 43267.abajournal.com http://www.abajournal.com/news/article/law_firm_billing_contract_lawyers_at_1k_hourly_must_reveal_what_they_were/ Ruling from the bench, a federal judge in Manhattan on Thursday gave a green light to a request for discovery by a class action activist concerning the wages paid by a law firm to the contract attorneys it billed out at $1,000 an hour. Citigroup Inc. agreed last year to… Careers, Lawyer Pay, Law Firms, Contract Attorneys, Solos/Small Firms, Securities Law, Trials & Litigation, Attorney Fees, Verdicts & Settlements, 2nd Circuit Court, States, New York Fri, 01 Mar 2013 14:05:02 -0600 43066.abajournal.com http://www.abajournal.com/magazine/article/2013_raises_to_peak_for_midlevel_associates_at_midsize_firms/ ABA Journal, Law By the Numb#rs, Careers, Lawyer Pay, Law Firms, Associates, Midsize Firm, Business of Law Fri, 01 Mar 2013 03:00:22 -0600 42785.abajournal.com http://www.abajournal.com/news/article/cahill_reports_record_figures_for_2012_including_3.555m_profit_per_partner/ Cahill Gordon & Reindel has reported all-time record profits for 2012, including gross revenue of $348.5 million, up 6.9 percent from 2011, and average profit per partner of $3.555 million, up 10.7 percent. "It was a record year, and we were quite pleased," Jonathan Schaffzin,… Careers, Lawyer Pay, Law Firms, Midsize Firm, Partners, States, New York Wed, 27 Feb 2013 14:44:09 -0600 43032.abajournal.com http://www.abajournal.com/news/article/mayer_brown_revenue_slumps_to_6-year_low_of_1.9b_average_partner_profit_dow/ It's not exactly chump change. But after a 2011 surge, gross revenue dipped by 3.7 percent in 2012 to a six-year low of $1.09 billion at Mayer Brown. And net income of $304 million was down by over 6 percent, resulting in a 2.5 percent reduction in average profit per… Business of Law, Law Practice Management, Careers, Lawyer Pay, International Law, Law Firms, Large Firm, Partners Mon, 25 Feb 2013 18:01:48 -0600 43000.abajournal.com http://www.abajournal.com/news/article/law_firm/ Several years before the recession hit, business was booming at Fafinski Mark & Johnson. But founding partner Robert Fafinski Jr. knew the good times weren't going to last forever and starting thinking ahead. Expanding the firm's bankruptcy, labor and employment and estate planning practices—as well… Business of Law, Law Practice Management, Careers, Lawyer Pay, Law Firms, Partners, Solos/Small Firms, States, Minnesota Mon, 25 Feb 2013 17:41:57 -0600 42999.abajournal.com http://www.abajournal.com/news/article/claimed_bank_loan_for_540k_dewey_capital_payment_a_fabrication_says_dewey/ Sued in the United Kingdom for allegedly defaulting on a Barclays Bank loan to finance his $540,000 capital contribution to Dewey & LeBoeuf, a former partner of the now-bankrupt law firm has fired back by filing a federal lawsuit in New York. In it, Londell McMillan, who was in charge… Banking Law, Careers, Lawyer Pay, Contracts, Law Firms, Partners, Tort Law, Trials & Litigation, 2nd Circuit Court, International Courts/Tribunals, International, Europe, United Kingdom, States, New York Wed, 20 Feb 2013 11:57:18 -0600 42926.abajournal.com http://www.abajournal.com/news/article/as_super_firms_profits_soar_others_boost_revenue_by_shrinking_partner_ranks/ Some California law firms are seeing profits soar simply by being at the top of their game. But others, trying to compete with "super firms" such as Latham & Watkins and Quinn Emanuel Urquhart & Sullivan and Silicon Valley powerhouses such as Cooley, are boosting reported profits by reducing the… Business of Law, Law Practice Management, Careers, Lawyer Pay, Law Firms, Large Firm, Midsize Firm, Partners, States, California Tue, 19 Feb 2013 16:21:16 -0600 42916.abajournal.com http://www.abajournal.com/news/article/how_to_create_opportunity_for_newbie_lawyers_cut_their_biglaw_salaries_law_/ Brooklyn law professor Lawrence Solan outlines one reason for the so-called crisis in legal education: Large law firms are hiring fewer new associates, creating fewer training opportunities for law grads and declining interest in law school. Law schools are responding with clinics and externships designed to train… Business of Law, Law Practice Management, Careers, Lawyer Pay, Law Firms, Associates, Large Firm Thu, 24 Jan 2013 07:00:16 -0600 42487.abajournal.com http://www.abajournal.com/news/article/miami_office_of_biglaw_firm_has_promoted_just_one_woman_to_partner_in_25_ye/ Linda Leali didn’t have a lot of role models during her 12 years as an associate at the Miami office of White & Case. Only one woman has made partner in the firm’s Miami office in 25 years, the Daily Business Review reports. A magna cum… Careers, Lawyer Pay, Women in the Law, Law Firms, Large Firm, Partners Wed, 16 Jan 2013 06:30:39 -0600 42371.abajournal.com