Business of Law

  • April 16, 2008

    U.S. Law Firm IPOs Inevitable, Legal Scholars Say

    With Australia already allowing publicly traded law firms and the U.K. expected to follow suit, many legal experts believe it is only a matter of time before the U.S. sees its first initial public offering for a law firm.

  • March 28, 2008

    Lawyer Staffing Will Be Steady Amid Downturn: Study

    Despite a downturn in the U.S. economy, attorneys believe staffing levels at firms and corporate legal departments will stay the same or increase in the next year, according to a new survey developed by legal staffing agency Robert Half Legal.

  • May 6, 2008

    Cost, Convenience Drive Rise In Asia Arbitrations

    Worried about the high cost and inconvenience of holding arbitrations in traditional centers like London and Paris, more Asian parties are staying closer to home to settle disputes, according to attorneys around the world.

  • April 9, 2008

    Deluge Of Firms In Dubai May Dry Up, Attorneys Say

    The number of international law firms with a presence in Dubai has taken off, with at least 10 U.S. firms and even more U.K. firms opening up offices there in the last few years alone. But many attorneys say the rapid pace of expansion is about to plateau and that not every firm will survive.

  • May 14, 2008

    Falling Dollar Makes U.S. Firms More Competitive

    As the value of the dollar declines, U.S. law firms have become much more price-competitive with European and Asian firms on international deal-making work, lawyers say. But U.S. firms also may be having a slightly harder time recruiting because some foreign lawyers don't want to be paid in dollars.

  • March 25, 2008

    High Court's Arbitration Ruling Gets Mixed Reactions

    The U.S. Supreme Court’s decision on Tuesday that arbitration awards should receive limited review by courts under federal law has drawn concerns from some lawyers that the restricted scope would deter companies from arbitrating disputes while it has been touted by others as preserving the arbitration process.

  • April 3, 2008

    O'Melveny Buyout Deal May Denote A Trend

    O'Melveny & Myers LLP's recent retirement buyout package offer to partners as young as 50 years old spotlights the issue of employers' efforts to boost profits and avoid discrimination lawsuits by coaxing older workers to leave voluntarily.

  • April 4, 2008

    Lawyer Unions At Private Firms Rare But Doable

    While unionizing efforts by public defenders and district attorney staffs are fairly common, few private attorneys have taken the same leap. Although it's possible to overcome the obstacles to organizing, legal experts say there are plenty of good reasons why more lawyers don't.

  • March 6, 2008

    Jenner & Block Shows Partners The Door: Report

    Law firm Jenner & Block is reportedly thinning the ranks of its partners, with at least 10 switched to non-equity status in recent weeks.

  • March 6, 2008

    Bill To Allow Cameras In Federal Courts Progresses

    A U.S. Senate panel signed off on bill Thursday that would give federal judges the power to allow television cameras into their courtrooms. The measure will now proceed to the Senate floor.

  • March 5, 2008

    Helms Mulliss, McGuireWoods To Merge

    North Carolina-based Helms Mulliss & Wicker PLC and Virginia-based McGuire Woods LLP have joined forces, combining to create a firm with nearly 900 attorneys in offices scattered across the globe.

  • March 7, 2008

    High Court Recusals Questioned After Split Rulings

    Chief Justice John Roberts' recusal from participating in a recent U.S. Supreme Court decision, preventing what would have been a decisive vote in a product liability suit against Pfizer Inc., has renewed concerns about the high court's recusal process.

  • March 5, 2008

    Cost-Cutting May Boost Smaller Law Firms: Study

    Faced with the need to cut legal fee costs, in-house corporate counsel may avoid larger firms in favor of more cost-efficient alternatives, such as smaller firms, according to a new study commissioned by international law firm Eversheds LLP.

  • July 28, 2008

    Legal And Regulatory Calendar

    Our daily calendar of events lists conferences and hearings scheduled to take place in the next four weeks.

  • February 26, 2008

    In-House Counsel Enjoyed Pay Increases In 2007

    Salaries of in-house legal counsel rose alongside that of lawyers at large firms last year, with chief legal officers and general counsel in legal departments of more than 25 lawyers making a median salary of $645,000, according to InsideCounsel's 2008 compensation report.

  • February 26, 2008

    LeClairRyan, Wright Robinson To Merge

    LeClairRyan and Wright Robinson Osthimer & Tatum announced Tuesday that they are merging, bringing Wright Robinson's successful trial-management and e-discovery practice to a new home.

  • February 13, 2008

    Important Message To Our Subscribers

    Starting on Tuesday, Feb. 19, 2008, you must be individually registered to access Law360 publications.

  • January 30, 2008

    Giuliani Drops Out, But Will His Law Firm Suffer?

    Rudy Giuliani's bid to become president effectively ended Tuesday when he finished a distant third in Florida's Republican primary. But though he will now have more time to spend at his day job as a name partner with Bracewell & Giuliani LLP, it remains to be seen whether he will continue to have sufficient clout to attract clients and recruit legal talent for the firm's growing New York office.

  • January 29, 2008

    Legal Industry Growth To Slow In 2008: Report

    After a somewhat promising first half of 2007, the U.S. legal profession slid into tougher times amid the subprime mortgage meltdown and other economic woes. As a result, the industry's growth will slow in 2008, according to the latest client advisory from legal consultancy Hildebrandt International and Citi Private Bank.

  • January 17, 2008

    Law Firms Take Gloomy View Of Future

    Managing partners at U.S. law firms became “sharply more pessimistic” in late 2007 about both the economy and its anticipated effects on the legal industry, according to a report released this week by the law firm group at Citi Private Bank.