BCG News - 01/31/06
01/31/06
L.A. firms augment associate salaries
O’Melveny & Myers and Paul, Hastings, Janofsky & Walker will increase associate salaries to match raising first-year base pay to $135,000. Fourth-year salaries are now at $170,000, and seventh-year salaries are at $210,000. O’Melveny’s salary structure applies to all U.S.-based lawyers, while Paul Hastings’ increase will affect lawyers in California and Washington, DC. Skadden, Arps, Slate, Meagher & Flom pays $140,000 to first-years, including those in California. Other Wall Street firms pay guaranteed bonuses that lift annual compensation well above the $125,000 mark. Some California-based firms, such as Morrison & Foerster, have a higher salary schedule for New York associates.
Fish & Richardson to open new office in Atlanta
Ranked number one in the IP Law & Business survey of top patent litigation firms, Fish & Richardson, P.C., will open a new office in Atlanta, GA, to be led by Nick Setty, who specializes in complex patent litigation with a particular emphasis on high-technology and software companies. Both Nagendra Setty and Daniel A. Kent, formerly with the Atlanta office of Jones Day
and Troy Van Aacken will join the firm as associates.
Chadbourne & Parke elects new partner
Mary A. Lopatto has been elected partner in the insurance and reinsurance practice group of Chadbourne & Parke, LLP, and will reside in the firm’s Washington, DC, office. Lopatto is Chairman of the ARIAS-U.S., a leading association serving the insurance and reinsurance arbitration community. She recently completed her tenure as managing partner of the Washington, DC, office of LeBoeuf, Lamb, Green & MacRae, LLP.
Cowles & Thompson, P.C. opens another Texas office
Eleven attorneys from the Texas-based firm Higier Lautin Foxman McKinney & Owen, P.C., have joined Dallas-based Cowles & Thompson, P.C., opening an Addison office for the downtown Dallas firm. The joining attorneys bring substantial legal expertise in banking, lending, factoring, bankruptcy, litigation, franchising, estate planning, and real estate. Cowles & Thompson, P.C., is a full-service law firm with more than 70 lawyers in Dallas, Addison, and Tyler.
Eggleston & Cramer merges with Primmer & Piper
Downtown Burlington-based Eggleston & Cramer, Ltd., has merged with Primmer & Piper, P.C., creating the second-largest law firm in the state. Sharing the same building, both firms were located at 150 South Champlain St. Eggleston & Cramer specialized in banking, bankruptcy, healthcare, immigration, intellectual property, public utilities, and tax law.
Drenner & Golden Stuart Wolff formed in merger
The lawyers from the Austin firm of Drenner Stuart Wolff Metcalfe von Kreisler have combined with San Antonio firm of Akin Gump Strauss Hauer and Feld to form a new boutique law firm: Drenner & Golden Stuart Wolff, LLP. This firm will focus on real estate, corporate, and tax law, as well as provide representation in business transactions and tax. The two groups have represented owners, developers, and tenants in the full spectrum of commercial real estate projects.
L.A. firms augment associate salaries
O’Melveny & Myers and Paul, Hastings, Janofsky & Walker will increase associate salaries to match raising first-year base pay to $135,000. Fourth-year salaries are now at $170,000, and seventh-year salaries are at $210,000. O’Melveny’s salary structure applies to all U.S.-based lawyers, while Paul Hastings’ increase will affect lawyers in California and Washington, DC. Skadden, Arps, Slate, Meagher & Flom pays $140,000 to first-years, including those in California. Other Wall Street firms pay guaranteed bonuses that lift annual compensation well above the $125,000 mark. Some California-based firms, such as Morrison & Foerster, have a higher salary schedule for New York associates.
Fish & Richardson to open new office in Atlanta
Ranked number one in the IP Law & Business survey of top patent litigation firms, Fish & Richardson, P.C., will open a new office in Atlanta, GA, to be led by Nick Setty, who specializes in complex patent litigation with a particular emphasis on high-technology and software companies. Both Nagendra Setty and Daniel A. Kent, formerly with the Atlanta office of Jones Day
and Troy Van Aacken will join the firm as associates.Chadbourne & Parke elects new partner
Mary A. Lopatto has been elected partner in the insurance and reinsurance practice group of Chadbourne & Parke, LLP, and will reside in the firm’s Washington, DC, office. Lopatto is Chairman of the ARIAS-U.S., a leading association serving the insurance and reinsurance arbitration community. She recently completed her tenure as managing partner of the Washington, DC, office of LeBoeuf, Lamb, Green & MacRae, LLP.
Cowles & Thompson, P.C.
opens another Texas officeEleven attorneys from the Texas-based firm Higier Lautin Foxman McKinney & Owen, P.C., have joined Dallas-based Cowles & Thompson, P.C., opening an Addison office for the downtown Dallas firm. The joining attorneys bring substantial legal expertise in banking, lending, factoring, bankruptcy, litigation, franchising, estate planning, and real estate. Cowles & Thompson, P.C., is a full-service law firm with more than 70 lawyers in Dallas, Addison, and Tyler.
Eggleston & Cramer merges with Primmer & Piper
Downtown Burlington-based Eggleston & Cramer, Ltd., has merged with Primmer & Piper, P.C., creating the second-largest law firm in the state. Sharing the same building, both firms were located at 150 South Champlain St. Eggleston & Cramer specialized in banking, bankruptcy, healthcare, immigration, intellectual property, public utilities, and tax law.
Drenner & Golden Stuart Wolff formed in merger
The lawyers from the Austin firm of Drenner Stuart Wolff Metcalfe von Kreisler have combined with San Antonio firm of Akin Gump Strauss Hauer and Feld to form a new boutique law firm: Drenner & Golden Stuart Wolff, LLP. This firm will focus on real estate, corporate, and tax law, as well as provide representation in business transactions and tax. The two groups have represented owners, developers, and tenants in the full spectrum of commercial real estate projects.
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