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September 2008

September 30, 2008 11:21 PM

Diversity's Bottom Line

Even in an era of $160,000 salaries for first-year associates, plus bonuses, not every young lawyer is feeling equally flush. Law school debt and the uncertainty of today's tumultuous markets have left many associates feeling squeezed--and a lot of them are minority lawyers.

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09/30/08 Posted by Ed Shanahan

Law Firms, Vultures, Saviors

Law firms have now morphed from facilitators of wealth into grief counselors for the financially stricken or confused. For firms like Akin Gump, Fried Frank, and Squire Sanders, will passing out handkerchiefs and setting up virtual information booths to track developments in the financial crisis and bailout lead to more work?

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09/30/08 Posted by Vivia Chen

Mayer Brown, O'Melveny Land Roles on $2.5 Billion Airport Privatization

The two firms are advising on a deal that will privatize Chicago's Midway International Airport, the first privatization of a major airport in U.S. history.

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09/30/08 Posted by Brian Baxter

Firms of All Kinds Reap Rewards from Global Market Turmoil

Whether it's international behemoths like Linklaters and Shearman & Sterling or local shops like the Netherlands's Pels Rijcken & Droogleever Fortuijn and Boekel De Neree, firms far and wide are scooping up work for companies succumbing to the global credit crunch.

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09/30/08 Posted by Brian Baxter

THE CHURN: Lateral Moves and Promotions in The Am Law 200

Morgan Lewis and Paul Hastings boost their appellate practices, and Morrison & Foerster names a managing partner for Northern Virginia. The churn is constant. Our reports are twice weekly. Send your news to amlawdaily@alm.com.

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09/30/08 Posted by Ed Shanahan

Associate Pay Holds Steady

A special associates report from Legal Times says a three-year salary streak for big firm associates appears to have ended. Starting pay will hold steady for a while, say partners, as firms work through the fallout from the current financial crisis.

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09/30/08 Posted by Ed Shanahan

The Am Law Litigation Daily: September 30, 2008

Edited by Andrew Longstreth

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09/30/08 Posted by Joe Phalon

September 29, 2008 6:16 PM

Pillsbury Winthrop Scoops Up Thelen's China Practice

The spate of departures from Thelen continues. On Monday Pillsbury Winthrop Shaw Pittman announced that it had acquired the beleaguered firm's small Shanghai-based China practice, which consists of 20 lawyers throughout several Thelen offices.

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09/29/08 Posted by Brian Baxter

Special Prosecutor Appointed to Investigate U.S. Attorney Firings

A report released today by the Justice Department finds "significant evidence" that several U.S. attorneys fired in 2006 were let go for partisan or political reasons.

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09/29/08 Posted by Ed Shanahan

UPDATE: Weil, Ropes, and Cleary on Newest Lehman Sell-Off

The three firms are working on a deal in which two major private equity companies would acquire Lehman's investment management business for $7-8 billion, sources say.

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09/29/08 Posted by Zach Lowe

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