×
( 3 votes, average: 4.3 out of 5)
What do you think about this article? Rate it using the stars above and let us know what you think in the comments below.
05/02/07

Sonnenschein opens office in Charlotte with team of 18 partners


Sonnenschein Nath & Rosenthal has opened an office in Charlotte with nearly 18 capital markets attorneys joining the firm as partners. All of the attorneys were formerly working at Kilpatrick Stockton, LLP.

The office presently occupies a temporary space with plans to move to a permanent place later this year. With the new team in place, the firm plans to turn the local office into one providing multiple-practice groups.

Some of the attorneys, including Jay Suhr Jr., James Tucker, and Jonathan Nugent have worked in the areas of real estate finance and equity investment by traditional and capital market lenders. They will focus on the capital markets practice at Sonnenschein. The team also has in-depth knowledge of traditional commercial mortgage-backed securities finance and floating rate and equity transactions, among other areas.

Sonnenschein Nath & Rosenthal is a 700-lawyer firm based in Chicago. The firm provides legal and counseling services. Clients of the firm include nonprofit organizations, businesses, as well as individuals.

Freshfields raises lawyers' salary, bonus
In tune with increasing salaries in the U.S., U.K.-based international law firms have also raised their lawyers' salaries.

Clifford Chance , Linklaters , and Allen & Overy were among the first and now Freshfields Bruckhaus Deringer joins the race.

Beginning May 1st, newly-qualified lawyers at Freshfields will receive £65,000 ($130,296), which is an 18% increase from last year. According to the announcement, associates at the end of the one year post-qualification experience (PQE) can expect to get £71,500 ($143,308), £84,000 ($168,368) for those with two years PQE, and three years PQE will get a lawyer at Freshfields £90,000 ($180,394).

Apart from the rise in salaries, Freshfields is also offering increased bonuses. According to the new bonus structure, the firm will pay a yearly performance-related pay-out of £20,000 ($40,091) to all newly-qualified lawyers after six months with the firm. The new bonus format will allow lawyers with two and half years PQE to potentially collect up to £35,000 ($70,152) as a bonus.

Under the new salary structure, trainees are also expected to get a raise in pay of 23%.

BIZARRE NEWS

Toilet paper cuts at Hutchinson Correctional Facility
Inmate I: Can I have some more toilet paper?
Inmate II: Sorry, we already maxed out our quota of one roll a week!
Inmate I: Shit!!!

Pop Diva Sheryl Crow wrote in her tour blog that one way to save trees might be to limit the amount of toilet paper one uses to one sheet per sitting. The Hutchinson Correctional Facility took her statement seriously. However, it's not to save trees but rather to save cash. According to a new prison policy, the prisoners will be provided only four rolls of toilet paper per month, or on an "as-needed'' basis. The policy is one of the cost-cutting measures implemented by the correctional facility. This will save the prison nearly $600 per month. The 1,600 plus inmates at the facility are understandably angered by the newly enforced policy. According to a letter from an inmate to the Hutchinson News, aside from the obvious, inmates use toilet paper for a variety of other sanitary uses, including blowing their noses and cleaning the furniture in their cells. This policy is expected to make toilet paper a new form of currency among inmates. But seriously, four rolls per month? That's inhumane. The Judge would take this to court on the grounds of cruel and unusual punishment.

Allen & Overy LLP

  1 reviews   

Popular tags

Kilpatrick Stockton      Markets Attorneys      Law Firms      Legal And Counseling Services      LLP     

Featured Testimonials

The email alerts are so helpful because they let me know when the site has something new. It really saves me a lot of time.
April C.


Facts

LawCrossing Fact #205: Our map search option allows users to examine all of the jobs currently available in a particular state.

 
Let's Do It!
Email:

Only LawCrossing consolidates every job it can find in the legal industry and puts all of the job listings it locates in one place.

  • We have more than 25 times as many legal jobs as any other job board.
  • We list jobs you will not find elsewhere that are hidden in small regional publications and employer websites.
  • We collect jobs from more than 250,000 websites and post them on our site.
  • Increase your chances of being seen! Employers on public job boards get flooded with applications. Our private job boards ensure that only members can apply to our job postings.

Success Stories

LawCrossing is fantastic! When I am looking for a job, it is the first place I come to. The service is very good and I enjoyed the emails. LawCrossing has more jobs and it is more tailored. Other sites gave a lot of irrelevant results. Your site may have a great algorithm, but it felt like an actual person choosing jobs they felt would be good based on my search. I will always recommend this site!
  • Ann Harris Harvey, LA