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Business of Law

  • April 15, 2009

    Womble Carlyle Cuts Salaries, Staff

    Joining a growing list of law firms that have decided to curb paychecks in the current economic climate, Womble Carlyle Sandridge & Rice PLLC is cutting the salaries of attorneys and paralegals by 10 percent, effective immediately, in addition to laying off staff members.

  • April 15, 2009

    We Had Right To Take Clients: Ex-Brobeck Partners

    Ten former partners at Brobeck Phleger & Harrison LLP had a right take unfinished business to their new firms, in a move ultimately benefiting Brobeck, an attorney for several of the partners argued in a case filed by the liquidated firm's Chapter 7 trustee.

  • April 15, 2009

    Schuyler Roche Unites With Appellate Boutique

    Schuyler Roche PC, a full-service firm based in Chicago, has tied the knot with a local trial and appellate boutique of 10 lawyers, in a sign that acquisitions of smaller firms are not slowing down despite tough economic times.

  • April 14, 2009

    Firms May Need To Overhaul Partner Pay To Survive

    Law firms that have already trimmed nonessential costs but still need to cut spending should seriously re-evaluate their partner compensation structures in order to weather the economic downturn, according to legal consultants.

  • April 14, 2009

    McKenna Long Slashes Pay For New Associates

    McKenna Long & Aldridge LLP has opted to cut starting associates' salaries by $20,000, joining a handful of firms that have begun reducing salaries in an effort to stay economically viable in the current market.

  • April 14, 2009

    Perkins Coie Axes 12 Lawyers, 26 Staff Members

    Perkins Coie LLP disclosed Tuesday that it was cutting 38 jobs, including those of 12 attorneys, in an effort to weather the economic crisis, but aggressive cost-cutting will hopefully mean no more layoffs, a Perkins partner said.

  • April 13, 2009

    Partner Poaching Case Against Lowenstein Begins

    Jury selection has begun in a New Jersey case against Lowenstein Sandler PC that aims to test the limits of so-called partner poaching and is being closely watched by law firms around the country.

  • April 13, 2009

    Greenberg Traurig Slashes Salaries

    Greenberg Traurig LLP has joined other firms in decreasing salaries for summer and first-year associates in these uncertain economic times.

  • April 9, 2009

    Townsend Lays Off 61; Vedder Price Cuts 9

    The surge of spring law firm layoffs continued Thursday, with Vedder Price PC shedding nine associates and intellectual property firm Townsend and Townsend and Crew LLP letting go of 16 lawyers in addition to 45 staff members.

  • April 9, 2009

    8 Years After Firm Merger, Contract Dispute Lingers

    A former contract partner with Friedman Siegelbaum had a fiduciary duty to help the firm retrieve accounts receivable after the firm's 2000 dissolution, a New Jersey state appeals court has ruled, upholding a lower court ruling.

  • April 8, 2009

    Baker & McKenzie Lays Off 38 Lawyers, 86 Staff

    Baker & McKenzie LLP has announced its third round of layoffs so far this year, cutting 38 attorneys and 86 paralegals and staff in its North American offices.

  • May 7, 2009

    Amid Layoffs, Firms Can Take Steps To Prevent Suits

    When faced with a reduction in force, law firms are well served to follow the old adage: he who represents himself has a fool for a client. Some firms should strongly consider seeking guidance when conducting a layoff – just as they would advise any other corporation or business to do, employment lawyers say.

  • April 8, 2009

    Hiring Strategies, Luck Help Keep Layoffs At Bay

    Thousands of lawyers have been shown the door since the economic crisis began in earnest last fall. But not all firms are looking at dwindling numbers. Luck may be a factor in these cases – though differences in strategy and the approach to hiring may also come into play.

  • April 7, 2009

    24 WolfBlock Lawyers Find A Home At Duane Morris

    Duane Morris LLP has picked up nearly 25 attorneys from the now-liquidating WolfBlock LLP, bulking up the firm's litigation, corporate, real estate and government affairs practice groups.

  • April 8, 2009

    Barnes & Thornburg Launches Outpost In Atlanta

    Barnes & Thornburg LLP has expanded into the Southeast with the addition of an office in Atlanta, which will be staffed by two former partners from Bryan Cave LLP.

  • April 7, 2009

    Edwards Angell Opens 1st Western Branch In Calif.

    As many firms shed partners and shutter unnecessary practices, Edwards Angell Palmer & Dodge LLP has expanded to the West Coast, opening its first office in the region in Newport Beach, Calif.

  • April 8, 2009

    Developers Seek To Lift Stay In Dreier Bankruptcy

    The president and chief executive officer of Solow Realty & Development Co. have asked a bankruptcy court to lift a stay on prominent attorney Marc Dreier's Dreier LLP, saying a pending circuit court appeal over the amount and validity of an award to a rival developer would not otherwise be fairly decided.

  • April 7, 2009

    Takeovers Of Small Firms Keep Merger Activity Up

    Although the sluggish economy has slowed mergers between major U.S. law firms, acquisitions of small law firms have continued unabated, contributing to the slight rise in law firm mergers reported this year, according to a legal management consulting firm.

  • April 6, 2009

    High Court To Consider Question Of Fee Awards

    The U.S. Supreme Court has agreed to hear a case that examines whether attorneys' fees awarded at the conclusion of a lawsuit can be increased by a judge based on the quality of the work done.

  • April 7, 2009

    McCarter, Pugh Jones Join Up But Don't Merge

    Pugh Jones Johnson & Quandt PC, a 23-attorney Chicago firm, has joined forces with McCarter & English LLP, with the two reaching an agreement to provide coordinated legal services while remaining separate firms.