Bruce MacEwen: Sure, of course. You want the best and the brightest. Everybody from Harvard Law Review. I think we have two funny things going on here. I mean, the short answer to your question is yes, I think firms still feel incredible pressure to pay the “going rate” to make sure they get their fair share of the best and brightest. But you might ask yourself, “Why is that?” And that’s where I want to step back for a second. I mean, imagine the kind of graduate employment market that exists in almost every other industry, and that’s a market where there’s a kind of a curve for demand and basically what graduates face in those other markets is they face the tradeoff between compensation and training. By that I simply mean that there are firms in those other markets–and I’m thinking consulting, investment banking, advertising, marketing, publishing–there are firms in those markets that pay pretty poorly but offer terrific … [Read more...] about Santa or Scrooge: How Do BigLaw Firms Determine Associate Bonuses?
PresenceBecause hospitalists only work within the walls of a hospital, they have the undeniable appeal of simply being present when needed. In the past, a PCP would be taken away from his practice to make hospital rounds – leaving an inpatient waiting for the physician’s arrival and an outpatient waiting for his return. This practice led to unresponsiveness and unnecessary lulls in care. Now, because a hospitalist is located at the hospital 24/7, inpatients can be seen by a physician repeatedly throughout their stay. Likewise, a PCP is left with more time and energy to dedicate to outpatients, thus raising the quality of care in both settings. … [Read more...] about Beyond Making the Rounds: Hospitalists & Quality of Care under the Affordable Care Act (ACA)
And should it become necessary to enter into a settlement with the U.S. government, it is critical to ensure that the language of the proposed settlement agreement is as accurate as possible (i.e., as accurate as the government will allow). If the agreement applies only to conduct that has already been disclosed, it is important to confirm that a thorough investigation has been conducted, and all potentially relevant violations – and maybe even near-violations – have been reported. Do not tell the U.S. government half the story, or they will be back. … [Read more...] about Round Two: Prosecutors Reopen Bank Settlements
AB 2501Although local agencies have always been required to comply with the DBL, AB 2501 now requires the agencies to provide for expeditious processing of density bonus applications by (A) adopting procedures and timelines, (B) providing applicants with a list of documents and information required for a density bonus application to be deemed complete, and (C) notifying applicants when applications are complete consistent with the Permit Streamlining Act. (See new Gov. Code § 65915(a)(3).) Local governments are also prohibited from requiring the preparation of an additional report or study in order to review or approve a density bonus application, but may require reasonable documentation to establish eligibility for a requested density bonus, incentives, concessions, waivers, or reduced parking ratios, and the eligibility standards for incentives and concessions have been modified slightly. (See new Gov. Code §§ 65915(a)(2) and 65915(k).) Although already … [Read more...] about California Governor Signs Four Bills Affecting Density Bonus Projects
In view of unlikely pay hikes, associates are now focusing on bonus structures. Some firms will pay as much as $50,000 in bonuses. Others pay less or hand out bonuses based on a “touchy-feely” assessment of associate contributions. … [Read more...] about CA Associates Look to Bonuses as Pay Holds Firm