Orrick, Herrington & Sutcliffe reawakens the salary war in California
Orrick, Herrington & Sutcliffe has revived the salary war. After raising salaries in the New York and Washington offices in February, the firm has now matched salaries on the West Coast. First-year associate salaries at all offices start at $160,000, except for Sacramento and Pacific Northwest offices.
Associates received a memo and videocast from the firm Chairman Ralph Baxter. According to the 2007 schedule, second-year associates at the California-based firm will receive $170,000; third-years will make $185,000; fourth-years, $210,000; and $230,000 for the fifth-year associates. Sixth-, seventh-, and eighth-year associates will draw $250,000, $265,000, and $280,000, respectively.
O'Melveny & Myers and Morrison & Foerster were quick to follow suit, matching Orrick's salaries within 24-hours of the announcement. All of their U.S. offices are now at the $160,000 scale. O'Melveny's and Morrison's salary raises will be effective May 1st while Orrick associates will be waiting until June 1st to see their raises.
Most big firms have adopted these scales in New York. However, a majority of California firms continue to pay $145,000 to first-year associates. Let's wait and see who will be the next big California firm to join the battle. Gibson Dunn? Latham & Watkins? Only time will tell.
Kilpatrick hosts Chinese business delegation
International law firm Kilpatrick Stockton, LLP, in association with Kennesaw State University, recently hosted a group of 27 EMBA delegates from Nankai University. The group included senior executives from different Chinese companies dealing in manufacturing, construction, pharmaceutical, and banking among others.
The delegates took part in discussions about legal issues
and norms Chinese firms should be aware of while doing business in the U.S. In addition, the participants also discussed product liability, risk management, patents and trademarks, copyrights, and immigration planning.
The delegation conducted at Kilpatrick Stockton's Atlanta office was part of a series of such meetings planned for representatives from their Chinese and U.S. business clients. The focus of these meetings is to increase business interaction between the two countries.
Pets at their fattest ever
New study reveals that one-third of American pets are obese
Americans need to add doggie gyms, doggie salsa, doggie yoga, and doggie aerobics to their current workout sessions. American Journal of Veterinary Research
's April edition revealed that one-third of all dogs in the U.S. are fatties
. A previous study revealed the same results for cats
. The reason: the American lifestyle. Weight gain for animals can also be hereditary. However, that doesn't seem to be the case here. Veterinarians blame the "do-nothing" lifestyle and the fatty food provided by humans as the reason for these broadening waistlines. The consequences: obese pets suffer from diabetes and joint diseases. Not only that, obesity can be fatal to our favorite pets. In another finding, the Journal of Proteome Research
revealed that a dog's healthy eating habits can add almost two whole years to its life. It was also unveiled that dogs eating 25 percent less than counterparts have less of a chance of developing diabetes and osteoarthritis. This is not fun news, rather a serious problem that we should all be worried about. Enforce some discipline! Feed your pets healthier food! And make them exercise! Or you might not have as much time with your cat or dog as you always hoped for.