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Holland & Knight announces increased salaries in Florida


Holland & Knight has announced salary increases across the board in its Florida offices effective June 1, 2006. This comes in the wake of the firm losing more than a dozen associates to competitors within the area.

First-year associates' annual pay will increase from $90,000 to $105,000. This includes the current $5,000 study stipend. An $8,000 bonus is available to associates who bill 2,025 hours, as well as a performance-related discretionary bonus recommended by group leaders.

Besides the firm's Jacksonville, Miami, Orlando and Tampa offices, the firm is also increasing salary packages for its lawyers in San Francisco, Los Angeles, New York, DC and Atlanta.



06-02-2006


Cochran Law Firm splits


The late Johnnie Cochran's Los Angeles-based law firm formally announced a split. Following the death of its founding partner, rumors of an impending split were kicked around for months.

The firm's civil defense practice will continue to operate under the name Cochran Law Firm, while departing partners will practice under the name Imhoff and Associates.

Though Johnnie Cochran is famous for representing celebrities in criminal proceedings, he was reportedly most proud of his civil work. The Cochran Law Firm intends to honor his legacy with their civil practice, including products liability and personal injury matters. Imhoff and Associates plans to focus on criminal law.



06-02-2006


Cochran Law Firm splits


The late Johnnie Cochran's Los Angeles-based law firm formally announced a split. Following the death of its founding partner, rumors of an impending split were kicked around for months.

The firm's civil defense practice will continue to operate under the name Cochran Law Firm, while departing partners will practice under the name Imhoff and Associates.

Though Johnnie Cochran is famous for representing celebrities in criminal proceedings, he was reportedly most proud of his civil work. The Cochran Law Firm intends to honor his legacy with their civil practice, including products liability and personal injury matters. Imhoff and Associates plans to focus on criminal law.



06-02-2006


International law firm network boasts increasing membership


The MSI Legal and Accounting Network Worldwide has reported strong growth, adding new member firms in both established and emerging markets internationally.

Jack Lyon & Jones, PA, an 18-attorney commercial law firm in Arkansas, will be the newest U.S. member. The network now boasts more than 240 law and accounting firms in 95 countries.

MSI helps small and medium sized companies by offering its managements services, including prevention of hostile takeovers.



06-02-2006


Chinese law firms to broaden reach


Responding to a strong American and European investment in the Chinese legal market, Chinese law firms have gone on a hiring spree, appointing scores of lawyers and increasing their presence on the international stage.

The largest law firm in China, King & Wood, plans to hire more than 100 lawyers. This is seen as an attempt to meet the challenge set by U.S. and European rivals who have surged in the country. King & Wood has offices in Shanghai, Shenzhen, Chengdu, Guangzhou and its headquarters in Beijing, as well as strategic alliances with practices in Hong Kong, Tokyo and the Silicon Valley. The firm is also reportedly eyeing expansion into New York City.

As reported by Hildebrandt International, there are more U.S. and British law firms in China than in any other foreign country. This is owed in part to that fact that China's market for initial public offerings has more than tripled in value over the last year, surpassing the averages in the United States and Europe, according to Price Waterhouse Coopers.

06-02-2006


Top U.S. corporate law firms


BTI Consulting Group has released their list of the top U.S. corporate counsels. Sidley Austin occupies the top spot, Skadden Arps is in second place and Jones Day takes the third place among the survey of Fortune 1000 companies.

Sidley topped the charts due to excellent corporate client recommendations, while last year's top firm, Skadden, was ranked as the number one "go-to" law firm for troubled American corporations.

For the second year in a row, clients voiced some dissatisfaction with Skadden Arps. Top-tier firms like Baker & McKenzie, Cravath Swaine & Moore, Kirkland & Ellis, Mayer Brown Rowe & Maw, Morrison & Foerster and Shearman & Sterling also received criticism from corporate clients.

Meanwhile in the UK, Clifford Chance and Freshfields Bruckhaus Deringer continued to enjoy top international rankings in the survey.



06-01-2006


Job market improving for recent grads


After months of uncertainty, the job market for recent graduates seems to be showing signs of recovery.

A survey by the National Association of Colleges and Employers revealed that two-thirds of U.S. companies are planning to recruit more graduates in 2006 than last year. Manufacturers plan to hire 11% more, while government/nonprofit employers expect a 9% increase in the hiring of recent graduates.

The legal industry is also predicting an upswing for recent law school graduates. Some experts claim the growing population of senior citizens has precipitated a greater need for legal advice, which in turn created more job opportunities for attorneys.



06-01-2006


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