Wake Up Call: Do Associate Salary Raises Trickle Down?

• The Cravath-inspired increase in pay for first-year associates is trickling down to firms in the Midwest, but at more “sober” levels to reflect market realities in the region. (Above the Law)

• Yahoo General Counsel Ronald Bell could receive as much as $9 million in severance payout as a result of Verizon Communications’s $4.8 billion cash acquisition of Yahoo’s core internet business. But that figure, which comes from a Yahoo filing, is subject to several conditions. (Big Law Business)

• Perkins Coie is facing questions over possible conflicts of interest created by the various roles it plays ...