Squire Sanders Wants Its Money… Over His Dead Body
From the Department of Astute Observations:
“Some former Steel Hector partners suggested it may have been unwise to make a large loan to a partner allegedly on the brink of bankruptcy.”
Ya think?
Firm Sues Estate of Dead Lawyer for Loan Repayment [Daily Business Review (Miami / South Florida)]
(8) Comments
Posted in: Bad Ideas, Biglaw, Cheapness, Deaths, Money, Squire, Sanders & Dempsey, Tax Law, Trusts and Estates
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This is the same firm that makes associates pay their own bar dues once they become fourth years and up. If this sounds too ridiculous to be true, ask someone who works there. This behavior is consistent with SSD generally.
Do Miami, FL.
I can confirm that what 2:57 said was true; however, I know for a fact that SSD recently changed that policy and either does or will soon pay bar dues. (Don't work there, but know people who do.)
On the point about firms that make associates pay their own bar dues, perhaps we should compile a list of them? In many jurisdictions (e.g., California) bar dues are non-trivial, and asking associates to pay them out of pocket is essentially a reduction in compensation vis-a-vis competing firms.
SSD is paying bar dues, but only for the associate's primary jurisdiction. Any additional states, or federal jurisdictions, you're on your own.
Amazing that it is newsworthy that SSD just started paying bar dues. It was the strangest policy.
I work at Cleary Gottlieb, where it's "a tradition" that associates pay their own bar dues. Some, of the smaller overseas offices have an informal exception to this rule.
I don't think paying one's own bar dues after a time is that unusual outside of the "nationals".