Ballard Spahr wins suit over disgruntled competitor
June 11, 2008
Ballard Spahr Andrews & Ingersoll (which, of course, has an office here in Charm City) emerged victorious this week from a lawsuit filed in Pennsylvania by a man who claimed the firm breached its financial duty to him.
Saul Epstein sought $17-30M in lost profits and punitive damages, after (he said) the firm shared his business plan with a competitor, who sought funding from the same source he did – Crusader Bank, a Ballard Spahr client. ABA Journal reports that Epstein claimed the law firm “sabotaged” his deal with the bank while promoting the competitor.
The Legal Intelligencer reports that a former Crusader executive testified the bank “never had any interest in doing business with Epstein.” Ouch.
JACKIE SAUTER, Web Editor
Sphere: Related ContentMore on big-firm salaries
February 7, 2008
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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