* Happy Friday! Let's start by giving props to the firms that announced pay raises yesterday: Morgan Lewis, Andrews Kurth, Ashurst, Crowell & Moring, Orrick, and Dechert. [Above the Law / 2016 Salary Increase]
* Speaking of the Great Pay Raise of 2016, law firm leaders want to reassure irate in-house counsel: don't worry, you won't see this (directly) reflected in your rates. [Big Law Business]
* Biglaw Game of Thrones: who are the leading contenders to succeed Jeffrey Stone and Peter Sacripanti as co-chairs of McDermott? [American Lawyer]
* The Second Circuit plays a sad song for record companies in a closely watched copyright case. [How Appealing]
* And in other copyright news, SCOTUS (sorta) clarifies the standards for awarding attorneys' fees in copyright cases. [New York Times]
* Look for indictments to issue from the grand jury in the Dan Markel murder case. [News4Jax]
* Noam Scheiber of the Times takes a close look at struggling Valparaiso Law -- and it's not a pretty picture. (Expect more on this later.) [New York Times]
* Ex-prosecutor gone bad: a Cleveland criminal defense attorney just got convicted after agreeing to launder thousands of dollars for someone he thought was a cocaine dealer. [Cleveland Plain Dealer]
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