find the latest legal job
Corporate Counsel and Company Secretary
Category: Generalists - In House | Location: Newcastle, Maitland & Hunter NSW
· Highly-respected, innovative and entrepreneurial Not-for-Profit · Competency based Board
View details
Chief Counsel and Company Secretary
Category: Generalists - In House | Location: Newcastle, Maitland & Hunter NSW
· Dynamic, high growth organisation · ASX listed market leader
View details
In-house Projects Lawyer | Renewables / Solar | 2-5 Years PQE
Category: Generalists - In House | Location: All Australia
· Help design the future · NASDAQ Listed
View details
Insurance Lawyer (3-5 PAE)
Category: Insurance and Superannuation Law | Location: Brisbane CBD & Inner Suburbs Brisbane QLD
· Dynamic organisation ·
View details
Legal Counsel
Category: Corporate and Commercial Law | Location: North Sydney NSW 2060
· 18 month fixed term contract · 3-5 years PQE with TMT exposure
View details
Global round-up: More pay cuts, Madoff's Aston Martin hullaballoo; Skadden deal

Global round-up: More pay cuts, Madoff's Aston Martin hullaballoo; Skadden deal

Associates' pay cuts leave them with six-figure salaries; Skadden on $4.7 billion Pharma deal; Madoff's brother told to return vintage Aston Martin

Associates’ pay cuts leave them with six-figure salaries

After much muck-raking, US law blog AboveTheLaw confirms law firm Greenberg Traurig plans to cut the salaries of its summer and first year associates by 10 per cent. The cuts, which will apply to all offices, still leave associates with a six figure base salary. In one of a sprawling list of comments that come with the blog, it is noted: “About time. Paying $160K to ignorant kids out of law school is insanity.”

Skadden on $4.7 billion Pharma deal

Skadden is representing one of the largest pharmacy benefits management companies in North America in its $4.675 billion acquisition of WellPoint’s NextRx subsidiaries. The two companies have announced they have reached an agreement on the transactions. 

Madoff’s brother told to return vintage Aston Martin

Peter Madoff, brother of New York conman Bernard Madoff, is being sued by the British liquidators of Madoff’s London operations for the return of a rare Aston Martin. The liquidators claim Madoff Securities International wire-transferred £135,000 to buy the second Madoff brother a car, The Times reports. The car was bought by “improper and unauthorized diversion of funds from MSI’s accounts” Florida bankruptcy court papers claim. 

Like this story? Read more:

QLS condemns actions of disgraced lawyer as ‘stain on the profession’

NSW proposes big justice reforms to target risk of reoffending

The legal budget breakdown 2017


Global round-up: More pay cuts, Madoff's Aston Martin hullaballoo; Skadden deal
lawyersweekly logo
Promoted content
Recommended by Spike Native Network
more from lawyers weekly
LCA president Fiona McLeod SC
Aug 17 2017
Where social fault lines meet the justice gap in Aus
After just returning from a tour of the Northern Territory, LCA president Fiona McLeod SC speaks wit...
Marriage equality flag
Aug 17 2017
ALHR backs High Court challenge to marriage equality postal vote
Australian Lawyers for Human Rights (ALHR) has voiced its support for a constitutional challenge to ...
Give advice
Aug 17 2017
A-G issues advice on judiciary’s public presence
Commonwealth Attorney-General George Brandis QC has offered his advice on the public presence of jud...
APPOINTMENTS
Allens managing partner Richard Spurio, image courtesy Allens' website
Jun 21 2017
Promo season at Allens
A group of lawyers at Allens have received promotions across its PNG and Australian offices. ...
May 11 2017
Partner exits for in-house role
A Victorian lawyer has left the partnership of a national firm to start a new gig with state governm...
Esteban Gomez
May 11 2017
National firm recruits ‘major asset’
A national law firm has announced it has appointed a new corporate partner who brings over 15 years'...
opinion
Nicole Rich
May 16 2017
Access to justice for young transgender Australians
Reform is looming for the process that young transgender Australians and their families must current...
Geoff Roberson
May 11 2017
The lighter side of the law: when law and comedy collide
On the face of it, there doesn’t seem to be much that is amusing about the law, writes Geoff Rober...
Help
May 10 2017
Advocate’s immunity – without fear or without favour but not both
On 29 March 2017, the High Court handed down its decision in David Kendirjian v Eugene Lepore & ...