As financial clouds darken over Dewey & LeBoeuf LLP, competing law firms that have snapped up defecting partners could face lawsuits seeking to reclaim lost profits if struggling Dewey tips into insolvency, legal experts say.
The American Bar Association has abandoned a proposal to allow nonlawyers including investigators and accountants to own limited shares in firms, cementing its longstanding policy against the practice, the association said Monday.
Nine more partners are leaving Dewey & LeBoeuf LLP — two joining McDermott Will & Emery LLP, five said to be joining Dechert LLP and one each joining Dorsey & Whitney LLP and Cozen O'Connor — bringing Dewey's 2012 departure count to 60, according to Monday reports.
Hourly rates for the most expensive lawyers are rising the quickest, according to a report on legal billing rates released Monday, signaling to some that major law firms are settling back into prerecession charging habits.
Evidence from social media platforms like Facebook, LinkedIn and Twitter comes freighted with potential ethical pitfalls for prosecutors, criminal defendants and civil litigators alike, a panel agreed Friday at an American Bar Association conference on e-discovery in government investigations.
Courts are struggling to apply the Constitution's Fourth Amendment prohibition on unreasonable searches and seizures to new technologies like GPS tracking and smartphones — and coming up short — a panel at an American Bar Association conference on e-discovery in government investigations agreed Friday.
Dewey & LeBoeuf LLP confirmed Friday that a partner in its Los Angeles office has jumped ship to Stradling Yocca Carlson & Rauth PC, upping the total number of partners who have defected this year to 51.
Aluminum manufacturer Alcoa Inc. has strengthened its legal team with the addition of a Fried Frank Harris Shriver & Jacobson LLP white collar defense partner and former prosecutor as its new chief legal officer, the company announced Wednesday.
With each additional partner that leaves Dewey & LeBoeuf, the struggling firm’s window of opportunity to right the ship gets smaller, and management needs to act quickly to make sure the firm survives, legal industry analysts said.
Companies could substantially slash the cost of electronic discovery during litigation by using a computer application called predictive coding, which classifies and sorts documents by relevance, to reduce the need for human reviewers, according to a RAND Corp. study released Wednesday.
Continuing its recent expansion across Asia, Squire Sanders LLP will open an office in Singapore led by a team with expertise in energy, infrastructure and resources, the firm announced Wednesday.
Two Dewey & LeBoeuf LLP partners in London, including the co-chair of the firm's environmental litigation firm, decamped Tuesday to Reed Smith LLP and DLA Piper, bringing the total of partner defections from the struggling firm to 49.
The president of the American Bar Association on Saturday criticized President Barack Obama’s controversial remarks last week about the U.S. Supreme Court’s upcoming ruling on the constitutionality of the Patient Protection and Affordable Care Act, calling the commander-in-chief’s comments “worrisome.”
Alabama law firm Presley Burton & Collier LLC has merged with Balch & Bingham LLP as part of Balch & Bingham's move to expand its health care and securities practices, the two firms announced Monday.
Reed Elsevier Inc.'s LexisNexis on Friday moved to toss a subclass of unregistered attorney authors from a putative class action accusing the company of illegally copying attorneys' copyrighted works, arguing the subclass consists of people who lack the standing to bring copyright infringement claims.
The legal services profession lost 1,300 jobs in March, a decrease of about 0.1 percent, ending a two-month streak of minor gains and reflecting what experts had predicted would be a stagnant year for the industry, a U.S. Department of Labor report revealed Friday.
A putative class of New York Law School graduates is appealing a judge's dismissal of its suit alleging the graduates' alma mater inflated its postgraduate employment figures, disputing the ruling that reasonable consumers should have spotted the data's flaws, the class said Thursday.
Struggling Dewey & LeBoeuf LLP lost another partner Friday when Stephen Rooney, the former global chair of the structured finance practice group, joined Mayer Brown LLP as a co-leader of its insurance finance group in New York.
Law firm Jacoby & Meyers LLP on Thursday appealed a New York federal court's ruling that it cannot take investments from nonlawyers, opening the door for the Second Circuit to weigh in on the controversial issue.
Hinshaw & Culbertson LLP has acquired strategy consulting firm The Buckley Cos. LLC and hired five attorneys formerly at Buckley-affiliated law firm Nicolosi & Associates LLC, including former managing partners Paul S. Nicolosi and Gino Galluzzo, Hinshaw announced this week.