Ultra Vires Vol 1 Issue 5: 2005 February

Page 1

The Student Newspaper of the University of Toronto Faculty of Law

Volume 1 Issue 5 29 February 2000 www.law.utoronto.ca/ultravires

Follies Poke Fnn US Lawyer Salary Hikes Intensify the Pull South at Faculty, Staff and Students

Silicon Valley prosperity cited as main reason for new mcreases

Bronskill and Di Stasio among brightest starts

New York lucrative, yet costly

BY SIMONE BOXEN

BY}~ESliOFFNER

February, 2000 - Many leading American law firms announced dramatic salary increases for junior associates this month, making the option of practicing in the United States significantly more lucrative for law students at the University of Toronto. "It's a great time for students," commented Dean Ron Daniels. "Never before have there been better paying jobs or such a broad variety of possibilities." According to the Career Development Office, next year sixteen U ofT law students currently completing their third year will be practicing as associates in New

Marcela Saitua, Carlo~ Rippell, Jo;h Cohen and Stephanie Marrie $tudy the horses during Reading

York or Boston. Twenty-nine second-year stu-

Week in l\arbaJO$. Sec •tory on ?t\I'.C \0.

ents have accepted .summer associateshtps in these cities. Additionally, some students were offered positions in the US but chose to remain in Canada. These numbers indicate that career opportunities in the US are not reserved for academic medallists, but are a realistic option for many Toronto law students. As the student body and leading Canadian firms come to terms with this new job market, the recent increase in American associate salaries represents a new and potentially significant contour to the employment landscape. The San Francisco law firm of Gunderson Dettmer Stough Villeneuve Franklin & Hachigian is credited with initiatmg the salary bonanza just before New Year's Day when it raised its first year associate base salary from $95 000 (US) to $125 000. Other San Francisco firms matched this increase. The salary hikes are motivated by an increasing number of associates leaving pressure-cooker law firms to join high-tech start-up companies, located notably in Silicon Valley and, to a lesser extent, in Boston. These companies offer the potential for significant capital gains through stock options and a much more relaxed work environment. Some New York and Boston firms have already followed suit and others are expected to raise their salaries. At the beginning of February, Dav1s Polk & Wardell raised its base salary from $105 000 to $125 000. Skadden, Arps, Slate, Meagher & Flom raised its base salary to $140 000. With bonuses, first year associates at these firms could reportedly make in excess of $150 000. Testa, Hurwitz & Thibeault, which is based in Boston where the work week is less hectic and the living costs are lower than in New York, raised its first year associate salary to $140 000, but the firm stated that it will not offer bonuses. While it is premature to predict the full implications of the salary increases for the Canadian legal community, it is not doubted

that they enhance the pull of practicing in the US. Dean Daniels sees these new salaries as creating "a widening and unsustainable gap" between Canadian and US firms. He is looking towards Canadian firms to remain competitive by continuing to introduce new initiatives as they have in the past few years with increased salaries, hire-backs and tuition bonuses. "If Canadian firms do notremain competitive, then I worry about retaining our purchase," Daniels remarked. Ward Sellers, Chair of the Student ComBY NOAH GITrERMAN mittee at the prestigious Toronto law firm of Osler, Hoskin & Harcourt, agreed that CanaOver thirty concerned students and faculty dian law firms "need to grapple with what is came out to discuss first year curriculum rea wider and more open market place." US form at a "Town Hall" meeting on February 9 competition is a new reality that will conat the Faculty of Law. The lively debate fotinue, he added, as more American firms reccused primarily on issues of evaluation and ognize the high caliber of Canadian law school diversity in course content. graduates. The meeting was an opportunity for memWith regard to the recent salary hikes, Sellbers of the law school community to respond ers stated that his firm and others will "acto the First Year Curriculum Committee's distively and with interest monitor the situation," cussion paper, which was released in Januand that his firm is committed to remaining ary. The Committee was given a mandate a market leader. However, Sellers does not last semester to initiate a broad review of anticipate an immediate salary increase from - the first year curriculum, and the discussion the big Bay Street firms. He described the paper's proposals, if accepted, would lead to US salary hikes as reactive moves made resignificant changes to the curriculum and to luctantly and that will have a clear impact the first year experience as a whole. on firm profitability. He drew attention to the At the town hall meeting, Committee Chair fact that Toronto does not have the same Kent Roach emphasized that on one major concentration of high-tech industries as Siliissue - the bridge week program - the Comcon Valley or Boston. mittee has come to no firm conclusions. StuSellers also questioned the extent to which dent Committee representatives confirmed the US salary increase would be determinathat with regard to the bridge weeks, all tive for students deciding where to start their options are still on the table. "We can either legal careers. Considerations of lifestyle and keep them as they are, get rid of them, or the kind of work available are important facreform them," said student representative tors for most students. He has found that the Karen Bock (Ill). main reasons for practicing in New York are Although the Committee sees the four New York City itself and the cache of Wall bridge weeks, spaced throughout the first Street. Having himself practiced in New York

To-wn Hall Hears Division and Reforms on First Year Curriculum

see "New York" on page 2

see "Faculty" on page 3

February 26, 2000 -law Follies 2000 confirmed for many what has long been suspected of the students and faculty of the University of Toronto law school: some of them just do not belong. Not because their LSAT scores were flukes, or because they were accepted based on athletic rather than mental prowess, or even because they used high pressure tactics to force the Dean's hand into signing an acceptance letter (all reasons referred to in one of the skits), but rather, because these foolish souls have truly missed their calling. U of T law is ripe with talented actors, singers and comedians. Law follies is an annual production where students and pto~essots a\i\<.e ha'lo a chance \o

po~

\un l!l\ \~m.,.~\"1:!>¡ \"~\t ~\\~l!l'i.)J.~.

and that sacred instttu\ion, 'ltle \J o1,. 1acu''ty of law. Thts year's show, produced by Judy Michaely and sponsored by Fasken Martineau DuMoulin had a brief but successful two day run at Hart House Theatre, where, for the price of a movie ticket the audience was treated to three hours of music, comedy, video, and dance. It appeared that for an audience comprised mostly of students just starting to cram for finals, they were hours were well spent. There was a general consensus that, considering the limtted preparation just a few days of rehearsals - the students and staff put on one heck of a show. Kudos must first be given to the Law Follies band who kept the audience wtggling in their seats in between each of the acts. Also impressive were the ''Best of the Best" video segments used to shoot down the myth that U of T law students have any sort of work ethic. What they do have, as indicated by many skits, especially the one performed by a few brave professors, are very distinct and predictable cliques. If you're not a "Dean'slister", a "DLSer", or a "Potlucker,' why, you're just a nobody. The impression that stole the show was Anna-Maria Di Stasio's Celia Genua as Godfather of the Records office. Other noteworthy performances included Martha Shaffer and Abraham Drassinower as two students making out in the back row of a classroom, the bickering Weinrib Brothers competing for Jeo:pardy glory played by- and-, and Steve Crozier as a wickedly funny hybrid of Allan Hutchison and the Austin Powers' character Fat Bastard David Bronskill performed brilliantly as the Law Follies news reader who finally revealed the code the secret library door and Karla O'Regan ruled supreme as a dominatrix Brenda Cossman. One first year student who describes himself as a victim of Cossman's brutal marking curve on the feminist bridge put it this way, "she out-Cossman'ed Cossman!"


Turn static files into dynamic content formats.

Create a flipbook
Issuu converts static files into: digital portfolios, online yearbooks, online catalogs, digital photo albums and more. Sign up and create your flipbook.