Everyone knows that lawyer — the one who brings in substantial business while also billing hours, mentoring associates, meeting clients for lunch, taking their kids to soccer practice and training for a marathon. Here, six rainmakers reveal their tricks for making it work.
After a decade of meager growth in corporate legal spending, companies are projected to add almost $2 billion to the amount they spend on outside counsel in 2018, according to a new survey.
The relationship between law firms and their corporate clients shifted substantially with the onset of the Great Recession in 2007, and a decade later many of those changes appear to be here to stay. Here, Law360 looks at one major way the legal industry has been affected.
The law office has traditionally served as a hub where attorneys work and interact with colleagues and clients, but new technologies, rising real estate costs and an increasing desire for flexible work opportunities are challenging that typical office concept.
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.
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.
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.
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.
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.
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.
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.
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.
Law firm Jenner & Block is reportedly thinning the ranks of its partners, with at least 10 switched to non-equity status in recent weeks.
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.
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.
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.
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.
Our daily calendar of events lists conferences and hearings scheduled to take place in the next four weeks.
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.
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.
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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.
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.
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.