Word: skadden
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Dates: during 1980-1989
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...admirable effort, but the question is going to come down to state regulation versus federal regulation, and I think there's going to be a lot of debate about it," said Thomas J. Dougherty, a partner in the law firm of Skadden, Arps, Slate, Meagher & Flom. "They're going to be in and out of court...
...week, in a move that could help resuscitate the pro bono cause, the legal world's No. 1 revenue earner announced an extraordinary program to encourage lawyers to give legal aid to the needy. As a supplement to the time that its lawyers volunteer, the New York City megafirm Skadden, Arps, Slate, Meagher & Flom will establish a $10 million legal fellowship program to place 125 new law school graduates with legal-aid groups around the country over the next five years. "This fellowship is a further way for us to demonstrate that large law firms are concerned about the public...
...young lawyers will be guaranteed a salary of at least $32,500 a year for up to two years. Some will also get help in repaying their student loans. That pay is a bit under half of what an entry-level attorney at Skadden, Arps gets for tending to the needs of major corporations. But it is higher than the $25,000 or less earned by many full-time public-service lawyers. Still, even legal observers who applaud the move say it is just a first step in a nation where some surveys estimate that more than...
...were nourished by the Reagan-era frenzy of corporate mergers that generated tens of millions in fees. A survey by the monthly American Lawyer showed 20 firms this year with gross revenues of $100 million- plus. Two years ago, just five were in that elite. The leader, 840-lawyer Skadden, Arps, had gross revenues of around $228 million. With offices in eight cities, its weekly partnership lunches require an audio hookup to link conference rooms...
...changed environment for making firms more responsive to client needs. And while the "white shoe" partnerships of the past may have been more above the fray, they also discriminated against women and non-Wasps. "It was the good old days for some people but not for others," says Skadden, Arps Managing Director Earle Yaffa. "Now there's an emphasis on talent." So much emphasis that the competition for top law students has driven starting pay to above $70,000 a year in some places. But to earn their keep, new associates are expected to rack up at least...