By: Caryn Tamber
Much has been written on the potential impact of Black & Decker’s sale to Connecticut-based Stanley Works. The deal was announced last fall, but B&D’s shareholders just voted last week to approve it.
What I wondered, though, was how the fact that B&D is no longer headquartered here in Maryland will affect Miles & Stockbridge. B&D has historically been a major client for Baltimore-based Miles. I imagine that from the beginning of negotiations with Stanley until the sale was finalized, the firm was swimming in deal-related work. But now that the company’s gone, how much business will Miles lose?
Miles “will not be discussing this matter,” the firm’s spokeswoman told me.
By: Caryn Tamber
Happy Monday! Enjoy these law links:
By: Caryn Tamber
Once again, Miles & Stockbridge scored high in the American Lawyer’s survey of midlevel associate satisfaction. Last year, the firm placed second; this year, it’s fifth.
As a whole, though, associate morale nosedived this year, which is no surprise.
Current and former Miles lawyers: what is the firm doing that’s keeping its associates relatively happy?
By: jackie.sauter
Some more news on the big-firm salary front: the largest of the truly Maryland-headquartered firms, Miles & Stockbridge, is up to $140,000. The increase, which is as of the new year, is a $15,000 bump from last year’s rate.
That puts Miles at the same salary level as Ballard Spahr’s Baltimore’s office. Both firms are $20,000 lower than the Charm City offices of Venable and DLA Piper, two firms born here but now playing with the big boys on a national level.
Miles chairman John Frisch says the raise doesn’t come with a billable-hour requirement hike. Miles remains at 1850, lower than Piper or Venable.
CARYN TAMBER, Legal Affairs Writer
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