Business of Law

  • June 26, 2009

    Judge Kent Escapes His Ouster By Quitting

    Judge Samuel Kent — the disgraced judge now in prison for lying about sexually harassing two assistants — has finally resigned, a move that came on the heels of the U.S. Senate's initiation of his impeachment trial.

  • June 26, 2009

    Venable Enacts Sweeping Pay Cuts

    Venable LLP has announced across-the-board salary reductions for its associates, counsel, staff members, nonequity partners and equity partners, citing the dismal economic outlook.

  • June 25, 2009

    Buchanan Ingersoll, Gray Plant To Cut Associate Pay

    Taking a page from numerous other firms, Buchanan Ingersoll & Rooney PC has decided to cut associate salaries by 5 to 10 percent, while Gray Plant Mooty will slash associates' paychecks by 10 percent for the remainder of the year.

  • June 25, 2009

    Senate Takes Up Judge Kent's Impeachment Trial

    The Senate has passed two resolutions to proceed with the impeachment trial of U.S. Judge Samuel Kent, who was convicted of lying about sexually harassing two female assistants, just days after the U.S. House of Representatives voted unanimously for his impeachment.

  • June 24, 2009

    Norton Rose Nabs Deacons For Pacific Rim Outpost

    International corporate law firm Norton Rose Group will absorb more than 500 attorneys and five offices from Deacons, Australia's eighth-largest law firm, when the two combine under the Norton Rose name on Jan. 1.

  • June 24, 2009

    Miller Canfield, Dykema, Honigman Miller Cut 71 Jobs

    Layoffs in Detroit's legal industry hit a peak this week, with Dykema Gossett PLLC, Honigman Miller Schwartz and Cohn LLP and Miller Canfield Paddock and Stone PLC announcing that pink slips had been handed to a total of 41 lawyers and 30 support staff members throughout the three firms' offices.

  • June 24, 2009

    Kaye Scholer Opts For Salary Cuts With A Twist

    Starting in July, Kaye Scholer LLP intends to cut the salaries of junior associates who are not on track to hit their billable hour targets for 2009, opting for a surgical strike rather than an across-the-board cut.

  • July 14, 2009

    How To Keep Clients Loyal In A Down Economy

    When times are tough, you're supposed to be able to rely on your friends, but can you count on your clients? That is the question facing many law firms currently as they look for ways to make sure their clients don't stray in the midst of cutthroat competition in the legal industry.

  • June 23, 2009

    Managing Partners' Outlook Still Bleak In Q2

    Managing partners are still cynical about their individual firms' ability to bounce back from the deepest financial crisis in recent memory, despite the fact that they see a semblance of financial stability on the horizon for the broader economy, according to the latest report from Citi Private Bank.

  • June 23, 2009

    Top Lawyer From SG's Office Joins King & Spalding

    Daryl Joseffer, the former No. 2 lawyer in the Office of the Solicitor General at the U.S. Department of Justice, has joined King & Spalding LLP as a partner.

  • June 22, 2009

    Barnes & Thornburg Takes Over Twin Cities' Parsinen

    Barnes & Thornburg LLP announced Monday that it would combine with Minneapolis-based The Parsinen Law Firm PA to launch its 10th national office — its third new location since April — in Minneapolis on July 1.

  • June 22, 2009

    Howrey Crafts New Training For Entry-Level Attorneys

    Howrey LLP is launching an intensive two-year program for incoming associates that will involve extensive additional training and reduced billable hours, as well as lower salaries than those of their peers at other firms.

  • June 22, 2009

    Obama Taps Judges From Ga., NJ For Circuit Courts

    President Barack Obama has nominated former Johnson & Johnson in-house general counsel Joseph A. Greenaway Jr. to sit on the U.S. Court of Appeals for the Third Circuit, and former federal prosecutor Beverly B. Martin has been tapped for the U.S. Court of Appeals for the Eleventh Circuit.

  • June 22, 2009

    Laterals Choose Job Security Over Big Profits: Study

    With no foreseeable end to the recession, lateral partners are increasingly willing to leave top-tier firms for less profitable firms that offer greater job security, a recent study says.

  • June 22, 2009

    Snell & Wilmer Takes Slice Off Top Of Associate Pay

    Following in the footsteps of dozens of other law firms, Snell & Wilmer LLP has decided to slash associate salaries by 10 percent as the Phoenix-based outfit continues to grapple with market-based realities.

  • June 19, 2009

    Ill. High Court Quashes Retirement Law For Judges

    The high court of Illinois has ruled that a law forcing judges to retire after age 75 violates the state's constitution, in a decision touted by the victor as the first case where a court in the U.S. has struck down a judicial retirement age.

  • June 18, 2009

    IP Lawyer Trademarks Name After Firm Fracas

    A seasoned intellectual property lawyer suing his old firm Leonard Tillery & Sciolla LLP for unauthorized use of his name has recovered control of his moniker in a settlement, and bolstered his rights by having the surname registered as a trademark.

  • June 18, 2009

    Come Out Of The Shadows About Alt Billing: Experts

    Saul Ewing LLP's broadcast on its Web site that it offers fixed-fee programs has caught the eye of law firm watchers, who believe the move is a first. In a changing legal landscape, though, experts say law firms should bring alternatives to the age-old billable hour out of the shadows and broach the topic with clients — even if they don't advertise those policies on their home pages.

  • June 19, 2009

    Rio Tinto Outsourcing Signals New Threat To BigLaw

    In an effort to save on its legal bills, Anglo-Australian mining giant Rio Tinto has put together a team of Indian attorneys to tackle contract review, drafting and legal research, triggering fears that BigLaw firms will start to lose out as companies look for cheaper ways to meet their legal needs.

  • June 16, 2009

    Orrick Loses 2nd Bid To Dismiss Headhunter Fee Suit

    Orrick Herrington & Sutcliffe LLP has lost another bid to toss a recruiting firm’s suit against it, after a judge denied the law firm’s request to dismiss the case from Florida in favor of another forum.