Associates May Be Even More Overpaid Next Year

LAW
• Salary rumor! Will Simpson Thacher raise its first-year salaries to $190,000? [Above the Law]
• The paralegal who worked as a lawyer at Anderson Kill & Olick pleaded not guilty to impersonating a lawyer. He is now unemployed. [NYT]
• Summer associates are like campers who get paid. [Daily Business Review via Above the Law]

MEDIA
Vanity Fair's Africa issue has twenty different covers; guest editor Bono shows up twice, and Desmond Tutu loves Brad Pitt. [VF]
• The Dow Jones employees' union wants to take the company private. They're reaching out to Ron Burkle, Warren Buffett, and others for cash. [Forbes]
Daily News EIC Martin Dunn denies Keith Kelly's report in the Post that his tenure is nearly over. [Romenesko]

FASHION
• Tod's has tapped Sienna Miller to appear in its new ad campaign. [WWD]
• Are the Olsens pulling a Kate Moss? Their new line appears to be heavily inspired by their closets. [Fashionista]
• Joining the ranks of has-been stars with fashion lines, Jennifer Love Hewitt launched hers, called Timeless. [Styledash]

FINANCE
• The investment-banking boom has gone on long enough to create a labor shortage, but Hong Kong is more overworked than New York. [FT]
• Prudential Financial will shutter its institutional-equity group and show 420 employees the door. [Bloomberg]