Business of Law

  • May 21, 2008

    Holland & Knight Cuts Support Staff

    Holland & Knight LLP has decided to cut 70 secretarial and administrative positions across its U.S. offices in an effort to eliminate redundancies and inefficiencies.

  • June 11, 2008

    Firms More Selective As Lateral Hiring Declines

    With signs that lateral hiring is slowing down, law firms are taking care to ensure the attorneys they do lure from other firms are the right fit and committed to helping grow the firm's business.

  • May 21, 2008

    Calif. Bar OKs New Insurance Disclosure Rules

    The California State Bar's Board of Governors has reportedly voted to recommend new rules that would require attorneys to disclose to clients whether they carry malpractice insurance.

  • June 6, 2008

    Defense Firms Venture Into Contingency-Fee Game

    Defense law firms that were once wary of taking cases on a contingency-fee basis are becoming more open to payment arrangements that depart from the traditional billable hour as they face added pressure to compete for clients.

  • May 16, 2008

    Akerman Close To Merging With WolfBlock: Report

    Akerman Senterfitt is reportedly close to finalizing a merger with Philadelphia-based WolfBlock LLP, a move that would fall in line with the firm's aggressive growth in recent years outside its native Florida.

  • June 5, 2008

    Boutiques Network To Compete With Big Firms

    Attorneys have always networked, but certain boutique law firms are now organizing in a way that allows them to offer one-stop shopping similar to what large, general practice firms can provide.

  • May 12, 2008

    Kilpatrick Snaps Up D.C. Financial Services Firm

    In an effort to build a bigger, better financial services firm, Kilpatrick Stockton LLP and Muldoon Murphy & Aguggia LLP have teamed up in a merger that took effect May 7.

  • May 30, 2008

    Lawyers Fear Layoffs

    Struck by a declining demand for legal work in structured finance, real estate development, private equity and even bankruptcy, some of the country's most prominent firms have resorted to laying off attorneys and staff.

  • May 19, 2008

    Economic Woes Spell End of Associate Pay Hikes

    Over the past few years, salaries for first-year associates at the country's top law firms have skyrocketed, as law firms flush with profits jockeyed for position, prestige, and top new talent. But the strain on the broader economy in 2008 may finally spell the end of pay hikes for law firms' most inexperienced associates, at least for now, experts say.

  • May 1, 2008

    K&L Gates Talks Merger With Charlotte Firm

    Law firms Kirkpatrick & Lockhart Preston Gates Ellis LLP and Kennedy Covington Lobdell & Hickman LLP have initiated merger talks, which, if successful, will create a 1,700-lawyer firm.

  • May 13, 2008

    De-Equitizing Partners May Not Boost Profits: Experts

    The top 100 U.S. law firms in gross revenue reported record-high profits per partner in 2007, but a smaller percentage of partners reaped the benefits of this growth. Legal industry experts are conflicted over whether trends leading to the decline, such as implementing tiered systems and de-equitizing partners, will ultimately benefit firms.

  • April 30, 2008

    Law Firm GCs Get Pay Raise In 2007: Survey

    Salaries for full time in-house general counsels at law firms in the United States has increased by almost $200,000 since 2006, according to a recent survey.

  • May 1, 2008

    Sutherland Asbill Says Layoffs Fewer Than Reported

    The managing partner of Sutherland Asbill & Brennan has confirmed rumors that the 480-lawyer firm is laying off associates but says the number of lawyers who have been handed pink slips is much less than has been reported on legal blogs.

  • April 28, 2008

    Mass Exodus Sinks MoFo Orange County Office

    In the wake of a steady stream of departures, Morrison & Foerster LLP has decided to close the doors of its Orange County, Calif., office after more than two decades of service.

  • April 28, 2008

    Paul Hastings Grieves Following Murder-Suicide

    Two workers at the Atlanta office of Paul, Hastings, Janofsky & Walker LLP are dead following a murder-suicide on Friday afternoon outside the skyscraper that houses the firm.

  • April 24, 2008

    Husch Eppenberger And Blackwell Sanders Seal Deal

    Husch & Eppenberger LLC and Blackwell Sanders LLP announced Thursday that they have sealed the deal to become Husch Blackwell Sanders LLP.

  • May 6, 2008

    Client Demands Continue To Drive Law Firm Mergers

    Legal consultants say a faltering economy is not slowing down U.S. law firm mergers, and the number of combinations is holding steady with merger activity from previous years.

  • May 2, 2008

    Legal Outsourcing Increases As Economy Stagnates

    With the U.S. economy in a tailspin, outsourcing companies say that law firms and corporations are increasingly seeking to drive down costs by turning to them for document review and other low- to mid-level legal work.

  • April 2, 2008

    Law Firm Mergers Continue Apace In 2008: Report

    Despite signs of an ailing economy, 17 new law firm mergers took place in the United States during the first quarter of this year, according to a legal management consulting firm.

  • April 2, 2008

    Latham & Watkins Tops List Of Dream Firms

    The results of a recent survey are in, and Latham & Watkins has topped the list of firms that attorneys would most like to work for.