Ex-partner settles suit claiming ‘boys club’ hogged origination credit at Greenberg Traurig

A former partner has settled her lawsuit contending that male lawyers at Greenberg Traurig hogged origination credit, excluded women from client pitches and favored themselves in work assignments. The suit filed in December by Francine Griesing was settled for an undisclosed amount, report Reuters and the Legal Intelligencer. The would-be…

May 29, 2013 12:53 PM CDT

Which law schools pay tenured profs the most and least? Survey has 68 median salaries

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…

May 9, 2013 10:39 AM CDT

U of Texas put ‘golden handcuffs’ on law faculty with help of $213M private foundation

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…

Apr 23, 2013 9:02 PM CDT

Free football tickets sweetened exit deal for general counsel pressured to resign in Rutgers scandal

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 New Jersey Star Ledger…

Apr 15, 2013 1:59 PM CDT

As many law firms boost pay of top performers, Shearman reportedly takes a different tack

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” by reducing…

Apr 10, 2013 2:59 PM CDT

Ex-partner sues Thompson Wigdor for $600K; former colleague calls him ‘disgruntled and desperate’

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…

Apr 9, 2013 7:37 PM CDT

Nearly half of 2011 law grads can’t afford a house, law prof concludes

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 Jerry Organ has crunched…

Apr 8, 2013 11:25 AM CDT

Expert in legal-fee fight blasts ‘make believe’ game over cost of contract lawyers to do doc review

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 in federal…

Apr 1, 2013 5:38 PM CDT

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…

Mar 20, 2013 9:16 PM CDT

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 also intended to help state and local bar associations…

Mar 18, 2013 5:21 PM CDT

Which recent law grads earn the most?

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…

Mar 18, 2013 10:45 AM CDT

Ex-associate files sexual harassment suit against Faruqi & Faruqi firm and prominent partner

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…

Mar 14, 2013 5:30 PM CDT

Law firm billing contract lawyers at $1K hourly must reveal what they were paid, federal judge says

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…

Mar 1, 2013 7:05 PM CST

2013 raises to peak for midlevel associates at midsize firms

Mar 1, 2013 8:00 AM CST

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, a member of the 300-attorney…

Feb 27, 2013 7:44 PM CST