A federal judge's recent decision that AT&T can complete its $85 billion purchase of Time Warner and Disney's raised bid for parts of 21st Century Fox might have in-house counsel wondering what they'd do if a merger happened at their companies. Here, Law360 looks at how GCs and other in-house attorneys can prepare.
One firm took the title of most prestigious law firm in the U.S. in the eyes of associates for the third year running, according to the results of a survey released Wednesday.
The recent race among law firms to raise salaries and bonuses for associates is likely to change the recruitment landscape for young lawyers and put further distance between an elite echelon of highly profitable firms that can attract the top talent and everyone else, but the upshot for clients is less clear.
The 2018 Law360 Diversity Snapshot shows only incremental progress on racial and ethnic diversity in the attorney workforce. At every level of a typical law firm, minority attorney representation increased by less than a percentage point from last year’s survey.
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.
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.
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.
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.
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.
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.
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.
Greenberg Traurig LLP has joined other firms in decreasing salaries for summer and first-year associates in these uncertain economic times.
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.
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.
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.
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.
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.
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.
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.
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.
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.
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.
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.
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.