Heller's Big Heart: The Recorder reports that Heller Ehrman has reinstated the portion of the 2007 associate bonus that was cut to compensate for the rise in associate salaries to $160,000. The firm also plans to give first years more engaging work.
It's Spreading: The subprime mortgage crisis is spreading into the commercial real estate sphere, causing additional woes for banks and securities firms, according to the Wall Street Journal.
Diebold's Suitor: Diebold, maker of voting machines and ATMs, got a takeover offer yesterday. United Technologies Corporation made an unsolicited bid of $3 billion.
Going to Romania: White & Case is opening up an office in Bucharest, Romania. This isn’t the firm’s first foray into Eastern Europe. It already has shops in Budapest, Warsaw, Prague, and Bratislava.