January 23, 2016 |
New Jersey property owners along the route of the proposed PennEast natural gas pipeline on Thursday announced they have formed a nonprofit group that has hired the Washington law firm of Wiley Rein to fight the pipeline's application before the Federal Energy Regulatory Commission. The group called HALT PennEast ("Homeowners Against Land Taking") says the $1.2 billion pipeline, which would deliver Marcellus Shale natural gas to New Jersey's natural gas utilities, is unnecessary and harmful to the environment.
January 22, 2016 |
Well-publicized events involving professional athletes, along with a federal lawsuit and a Hollywood movie now in theaters, have spurred unprecedented interest in concussions - and set off a business boom. Companies around the country are developing headbands, mouth guards, helmet padding, and skullcaps to try to protect athletes' heads during impacts. Medical experts warn that no product can prevent concussions or the repeated subconcussive hits that may also cause lasting brain damage.
January 15, 2016 |
The city's tourism-promotion agency is giving smartphone users a chance to text with a Philadelphia accent. Visit Philadelphia's new downloadable Philadelphia Keyboard puts emoji-sized images of cheesesteaks (Whiz wit, of course), Liberty Bells, and Rocky statues at users' thumb tips for insertion into mobile messages. The agency hopes the application, released Wednesday, will amplify the increasing buzz around Philadelphia as a tourism destination, said president and chief executive officer Meryl Levitz.
January 13, 2016 |
Edwin J. Berkowitz, 89, of Merion, a businessman and philanthropist whose generosity benefited students and Jewish causes, died of cancer Friday, Jan. 8, under hospice care at his condominium in Longboat Key, Fla. Mr. Berkowitz was known as a philanthropic leader in the Philadelphia area and abroad, especially in Israel. In 1998, he and his wife formed the Edwin J. and Barbara R. Berkowitz Family Foundation, and ran it with their children from the family's home. The foundation gives to Jewish organizations and to further the cause of education.
January 8, 2016 |
Law firm mergers and acquisitions reached a record number last year as firms sought to overcome static growth in corporate legal spending by grabbing market share. Nationwide, there were 91 such mergers, three more than in 2014, according to Newtown Square-based legal consultant firm Altman Weil. Among Philadelphia firms that acquired smaller law firms in the United States and abroad were Morgan Lewis, Fox Rothschild, Cozen O'Connor, and Blank Rome. "Law firm mergers and acquisitions are a primary strategy to acquire new business in a market where demand is flat or constrained," said Altman Weil principal Ward Bower.
January 7, 2016 |
McCarter & English, a major New Jersey law firm with a presence in Philadelphia, is moving its Center City offices from the BNY Mellon Center at 17th and Market to a new location at 1600 Market Street. The firm said the new offices have a "streamlined" architectural style and open floor plan. The firm has 20 lawyers in Philadelphia who focus on a broad range of commercial and transactional matters including health care, insurance, intellectual property and other practice areas. F. Traynor Beck will continue to serve as the office managing partner.
January 6, 2016
John Angelo, 74, who cofounded Angelo, Gordon & Co. and presided 27 years over the New York investment firm's growth to $26 billion in assets under management, died Friday from cancer, according to an email statement from Michael Gordon, the firm's other cofounder. "John was one of the most forward-looking people I have known, and a driving force in achieving success for our clients and for us," Gordon said. "We will all miss him. " Mr. Angelo, the firm's chief executive officer, started the company with Gordon after an 18-year career with L.F. Rothschild & Co. in which he specialized in convertible securities, options, futures and distressed securities, according to a biography on the firm's website.
January 6, 2016 |
A Malvern company that publishes newsletters on business topics, including one titled "Keeping Up to Date on Payroll," will face a bill of an estimated $1.75 million to pay 6,000 employees docked for bathroom and other short breaks. "No worker should have to face the choice: Do I take a bathroom break, or do I get paid?" said Adam Welsh, a senior trial attorney at the U.S. Department of Labor's Philadelphia office. "I think it's the rare employer who doesn't allow its employees to go to the bathroom," Welsh said.
December 31, 2015
Increases in starting salaries in 2015 for first-year associate lawyers in Philadelphia: Starting Salary Firm 2014 2015 Dechert $145,000 $160,000 Pepper Hamilton $140,000 $150,000 Drinker Biddle & Reath $145,000 $160,000...
December 31, 2015 |
Big law firms in Philadelphia are boosting compensation for lawyers below the partner level in a sign that the competition for talent is heating up. The most dramatic example is at the University City-based firm of Dechert L.L.P., a global firm that touts its deal-making prowess in the United States and abroad. The firm paid first-year associates a $15,000 bonus this year, on top of annual salaries of $160,000. For associates with more experience, the bonuses were much higher, as much as $100,000 for lawyers who joined the firm in 2008.