Wake Up Call: Cravath Sees and Raises Milbank on Associate Pay Scale

Photo by Steven Depolo (Flickr/Creative Commons)

• Cravath indicated it will match Milbank’s recent pay hike for associates effective July 1, bringing starting pay to $190,000 for newly graduated lawyers, but it will pay associates at mid-scale and later years several thousand dollars more than Milbank has promised. Two years ago scores of firms followed Cravath’s lead when it hiked salaries for first-year associates to $180,000. So its latest move increases likelihood that other firms will now make the move to $190,000. (BLB)

• Litigation boutique Selendy & Gay, whose founding partners split from Quinn Emanuel earlier this year, also raised its associate pay scale, which means associates at the boutique are making more than those at the Big Law firm. That situation is “funny,” but it won’t last, Above the Law said. (Above the Law)

• Cooley, Drinker Biddle, and Paul Hastings are among firms that say they will require 2019 summer associates to agree to mandatory arbitration provisions for employment-related disputes, but most other Big Law firms are mum on the subject. Students at 50 law schools insist that law firms that want to interview on their campuses must disclose whether they will require potential summer associates to agree to arbitration. But most of the nearly 400 firms the students tried to survey on the subject did not respond. (The Recorder)

• The American Bar Association revoked accreditation for Phoenix-based for-profit Arizona Summit Law School, citing shortcomings in its admissions and educational program, apparently the first time it has taken that action. The school said it will appeal. (Law.com)

• Dentons faces a sexual harassment lawsuit filed by a female business development specialist against the global law firm and her male supervisor, the head of the firm’s venture technology group. (Bloomberg Law via BLB)

• The acting chief of the Equal Employment Opportunity Commission said the EEOC hasn’t yet seen a big uptick in sexual harassment allegations in the wake of the #MeToo movement. But a Duane Morris partner who represents businesses in employment matters said he’s seen quite a few. (Bloomberg Law)

• “Counselor, didn’t you just drive a wooden stake through the heart of your argument?” That’s what a federal judge yesterday asked Kelly Dermody, the Lieff Cabraser plaintiff lawyer representing Microsoft Corp. women engineers seeking to pursue gender-discrimination claims as a group. (Bloomberg)

• King & Spalding must defend claims that it demoted and fired a senior associate in retaliation for raising concerns that two partners representing Chinese telecommunications firm ZTE may have violated ethics rules, a judge ruled. (Bloomberg Law via BLB)

 

 

Lawyers, Law Firms, Laterals

• Morgan Lewis said 31 lawyers from 12 offices and 10 practices have been elected to partner effective Oct. 1. The firm also said that lawyers and other professionals at its 30 offices worldwide are participating in the firm’s ninth annual Community Impact Week, which this year has about 150 community service and pro bono events on the theme of “helping children thrive.” (MorganLewis.com)

• Holland & Knight said it expanded in Houston by hiring private wealth attorneys Robert “Keith” Morris III and Jason Ostrom, as partners in its private wealth services group, with Stacy Kelly joining as senior counsel. Their former firm, Ostrom Morris, will close as a result of the move. (Hklaw.com)

• Locke Lord said labor & employment partner Nicholas Dent joined its growing London office as a partner, coming from Clyde & Co. (LockeLord.com)

 

Legal Actions

• After more than a year of vicious accusations and a flurry of lawsuits and counter claims, Apple Inc. and Qualcomm Inc.’s multibillion-dollar legal dispute is about to get serious. (Bloomberg)

• The U.S. Supreme Court yesterday voted 5-4 to uphold Ohio’s procedure for purging voters. It also refused to reconsider rulings that give Major League Baseball a broad exemption from federal antitrust laws, turning away two appeals. (Bloomberg)

• Uber can’t push out of court and into confidential arbitration a lawsuit alleging its staff made a rival company’s service less appealing by creating bogus ride requests, a California appeals court ruled. (Bloomberg Law)

 

Regulators and Enforcement

• Virtual currency investor complaints to the Consumer Financial Protection Bureau in 2018’s first quarter already exceeded complaints for all of 2017 . (Bloomberg Law via BLB)

 

Technology

• The Obama-era net neutrality regulations that barred broadband providers from slowing or blocking internet traffic expired yesterday, but debate continues in the courts and Congress. (Bloomberg via BLB) Net neutrality is dead. So what happens now? (The Verge)

Compiled by Rick Mitchell and edited by Tom Taylor.