Nassau OTB Cashiers seek Boies Schiller

Associate like bonus and common sense takeover before bankruptcy ensues like NYC OTB or Suffolk OTB. Whatever the political persuasions of Nassau OTB cashiers they are at least superficially united by some applicability of the concept of an honest day's work for an honest days pay. The political mantra of no work for MAXIMUM PAY AND MORE is a recipe for extinction.

Nassau OTB's poor decisions include but are not limited to:
1. Buying the Race Palace with $23,000,000 in Nassau County backed bonds instead of replacing the Jericho Branch with a similar property. The Nassau OTB Race Palace has had a history of large overhead, much unused space, and a succession of restaurants and lawsuits. We shall put aside the fine points of the parties involved in the intial real estate transaction.
2. Nassau OTB owned the Wantagh Branch Building but not the land upon which the building rested. See assorted court cases.
3. Nassau OTB closed the North Lawrence, Hempstead, Freeport, Garden City Park, Potter's Pub, Elmont, Hicksville, Jericho, etc for insufficient based reasons.  Nassau OTB's history of real
estate transactions and dealings has been horendous.
See also the history of Nassau OTB Real Estate Director Teresa Butler  and note the documents underlying the protective order

Butler v. Nassau Regional Off-Track Betting Corporation et al ...

dockets.justia.com › ... › New York › New York Eastern District Court‎

Apr 9, 2007 - Plaintiff: Teresa Butler. Defendant: Nassau Regional Off-Track Betting Corporation, Board of Trustees of Nassau Regional Off-Track Betting ...

 

Legal/Regulatory December 11, 2013, 6:34 am 8 Comments

Boies Schiller Again Pays Associates Generous Bonuses

By MATTHEW GOLDSTEIN

Jonathan Ernst/Reuters The lawyer David Boies, center, in June after the Supreme Court effectively overturned a ban on same-sex marriage in California.

Updated, 8:44 p.m. | The law firm co-founded by the well-known litigator David Boies is again breaking away from the pack when it comes to showering big year-end bonuses on young lawyers.
The Boies, Schiller & Flexner law firm is paying bonuses of as much as $300,000 to some of its associates, with the average young lawyer taking home an additional $85,000, a firm spokeswoman, Dawn Schneider, confirmed late Tuesday. Last year, the maximum bonus handed out to some of the young lawyers at the firm, which specializes in trial and appellate litigation, was $250,000.
Other major law firms are giving much smaller bonuses to their young lawyers, with payments topping out around $60,000. Cravath, Swaine & Moore, often a trendsetter in compensation for major law firms, recently gave associates bonuses of $10,000 to $60,000, according to several reports. . Skadden, Arps, Slate, Meagher & Flom paid $60,000 bonuses to associates who had been with the firm since 2005 or longer, and $2,500 to those who joined in the last few months.

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The big law firms that focus on corporate and securities work, including advising on mergers, litigation and restructurings, traditionally have moved in lock step on associate pay and bonuses. Bonus amounts at most big law firms are determined largely by seniority. But Boies Schiller, with its more litigation-focused business, has sought to distinguish itself by rewarding associates for the amount of time they put in on significant cases.
Boies Schiller, with offices in New York, Washington, Miami, Las Vegas and nine other cities, is awarding bonuses to its 133 associates a few days before the firm’s annual winter retreat this weekend in Key Biscayne, Fla. The average associate makes a base salary of $220,000.
Next year over all, the average starting salary for lawyers at firms is expected to rise 3.1 percent, according to the legal arm of the professional staffing firm Robert Half. Mr. Boies — who founded the firm with Jonathan D. Schiller in 1997 after leaving Cravath, where he was a partner and had worked some 30 years — said in an interview that the rich bonuses were intended to make associates feel that they were an integral part of the 241-lawyer firm. He said the culture of many big law firms was to bestow most of the riches on the partners and treat “associates as just visiting” and moving on after a few years.
[compare and contrast with Nassau OTB and note those that have gone from Nassau OTB to LIPA etc]
“To be candid, a majority of firms are run for the partners and not the associates,” Mr. Boies said. “And in the near term, there’s probably not much incentive for them to change their business models.”
Known for supporting liberal causes, Mr. Boies, 72, teamed up with the conservative lawyer Theodore B. Olson, a former United States solicitor general under President George W. Bush, to defeat California’s ban on same-sex marriage before the Supreme Court this year. The legal odd couple recently joined forces again to challenge a Virginia law that bars gay and lesbian couples from marrying.
Mr. Boies said the legal profession needed to find a way to better spread legal resources to improve representation of the interests of individuals and groups who lack the money and power to argue for themselves. [ You need be a lawyer but you must have mania.] Mr. Boies said the United States was “overlawyered” when it came to the rich and powerful, but “under-lawyered when it comes to people who don’t have resources.”
“I think one way the legal profession has got to adapt,” he said, “is to serve not just the people who it has largely served excessively, but develop a business model for people who are underserved.”