Word: manhattans
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Dates: during 1980-1989
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...lyricist of Very Warm for May, and was invited to the family farm in Doylestown, Pa., for a weekend. The weekend turned into a summer and, not long after, Mrs. Sondheim bought a house in Doylestown so Stephen could live there year-round. She continued to commute to Manhattan, often stayed there during the week and on weekends typically brought along guests. But as Jamie Hammerstein recalls, "by Christmas, Stephen was more a Hammerstein than a Sondheim." The pivotal relationship was with Oscar. Sondheim recalls that at 15 he showed Hammerstein a novice musical he had written: "Oscar said...
With success came creature comforts. Sondheim splurged in 1960 and bought a Manhattan town house after the movie sale of Gypsy. He still lives there, in an East Side enclave of houses that share a sprawling back garden with low brick walls, small fountains and mossy enclosures. Katharine Hepburn resides next door, but they did not meet until nearly a decade after he moved in. "I was up one night at about 3, pounding on the piano, writing The Ladies Who Lunch for Company, when I heard this banging on the garden door. There she was, in a babushka...
Given the closer collaboration between Swiss and U.S. officials, more American criminals are likely to switch to such havens as Luxembourg, Austria, Panama and Hong Kong. Says Richard Stricof, a tax expert with Manhattan's Seidman & Seidman accounting firm: "If I were doing something that I didn't want federal authorities to know about, I would pick a place that was inconspicuous. Switzerland...
Much of the Manhattan-based firm's growth was accomplished through tactics once branded unseemly. In a field where lawyers traditionally pledged themselves to a partnership for life, Finley, Kumble scooped up stars from the competition and spread nationwide through mergers, gobbling up smaller firms. Disdaining the practice of seniority-based compensation among partners, it showed heavy preference to "rainmakers," the partners most adept at bringing in clients. Some reportedly reaped better than $1 million a year, while others drew a tenth of that. Finley, Kumble called its system a meritocracy, where compensation was based on value to the firm...
Firms have dropped their inhibitions about pirating talent. "It's not unusual to receive a call offering a package of six partners from another firm with a promise of $10 million of business," says Chairman Alex Forger of Manhattan's Milbank, Tweed. Meanwhile, by publicizing balance sheets and pay scales throughout the profession, aggressive trade publications like the American Lawyer, the National Law Journal and Legal Times have awakened ambitious attorneys to the greener pastures they might enter by jumping to a rival firm. Says Jonathan Spivak, who heads a Washington legal search firm: "It's like baseball...