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Business of Law

  • April 1, 2009

    Locke Lorde Cuts 6% Of Attorneys

    Locke Lord Bissell & Liddell LLP has laid off about 40 attorneys and some staff, blaming clients' falling demand for legal services in a deepening recession.

  • April 1, 2009

    Flexible Billing Lures Some To Smaller Firms

    Larger firms could risk losing clients and partners if they remain too inflexible in a flailing economy, some experts say.

  • March 31, 2009

    Reed Smith Cuts 100; Robinson & Cole Lays Off 30

    Reed Smith LLP will cut 100 positions, including those of attorneys in the U.S., and Robinson & Cole LLP will eliminate 30 in the latest round of layoffs resulting from the ripple effects of a struggling global economy.

  • March 30, 2009

    Managing Partners Predict Little Growth In 2009

    Managing partners hold negative views about the economy at large, the legal market and the financial health of their own firms, according to a report released Monday.

  • March 30, 2009

    200 Laid Off From Fried Frank, Stroock, Manatt

    More law firm reductions kicked off the week, with Fried Frank Harris Shriver & Jacobson LLP laying off 99, Manatt Phelps & Phillips LLP letting go of 25 and Stroock & Stroock & Lavan LLP cutting 10 percent of its work force.

  • March 30, 2009

    Economic Anxiety Could Kill Firms' Urge To Merge

    Despite predictions that the ongoing economic crisis could spur more law firm mergers this year, some legal experts contend that the linkups don't ultimately save firms a significant amount of money and that the fear of taking on another firm's finances could deter firms from joining forces.

  • March 27, 2009

    Miller Canfield To Link Up With Gaertner Tobin

    Adding to a string of recent law firm mergers, Miller Canfield Paddock & Stone PLC announced Friday that it would join forces with Toronto-based firm Gaertner Tobin LLP, establishing its 17th branch office.

  • March 27, 2009

    Skadden, Gibson Dunn, Frost Brown Lay Off Staffers

    The spate of law firm layoffs continued Friday, with Gibson Dunn & Crutcher LLP, Skadden Arps Slate Meagher & Flom LLP and Frost Brown Todd LLC all announcing significant staff reductions.

  • March 26, 2009

    Lawyer Layoffs Reported At 3 Firms

    Three more law firms will be adding to their pink slip piles as Dechert LLP, Edwards Angell Palmer & Dodge LLP and Clifford Chance LLP all announced additional layoffs Thursday, racking up a total of 209 jobs cut, including those of 112 attorneys.

  • March 26, 2009

    Fox Rothschild Snaps Up Pastore Osterberg

    Fox Rothschild LLP plans to join forces with Pastore Osterberg LLC — which was formed from attorneys previously associated with now-defunct Dreier LLP — in a move that will add a 15th office to the Philadelphia-based firm's national platform.

  • March 26, 2009

    Lawyers Still Positive About Staff Growth: Survey

    Despite near-daily reports of legal industry layoffs, nine in 10 lawyers believe their organizations will either add personnel over the next 12 months or experience no change in staffing levels, according to a survey released Thursday.

  • April 24, 2009

    SCOTUSblog Keeps Eagle Eye On High Court

    In the nearly seven years since it was launched, SCOTUSblog has grown from a side project by two attorneys into the pre-eminent resource for information about the Supreme Court — a far greater undertaking than they initially expected.

  • March 24, 2009

    Votes Cast For Clifford Chance Partnership Shake-Up

    After days of casting ballots, the partners at Clifford Chance LLP have voted to review the partnership structure, a move that is likely to result in cutbacks at the Magic Circle firm.

  • March 24, 2009

    Saul Ewing Lays Off 7 Lawyers, 7 Staff

    Saul Ewing LLP has laid off seven associates and seven staff employees, its second round of layoffs in the face of a deepening recession.

  • March 23, 2009

    DLA Piper Plans To Cut Most US Partners' Pay In '09

    DLA Piper has said most of its partners in the U.S. will be looking at a pay cut in 2009, which the firm expects to be a down year. The revelation comes less than two weeks after it was reported that Dewey & LeBoeuf LLP had cut compensation for 66 of its partners.

  • March 23, 2009

    WolfBlock Votes To Liquidate Amid Economic Crisis

    After suffering an irreparable blow from the recession, especially in the firm’s core real estate practice, WolfBlock LLP has announced it will liquidate, adding to the growing number of attorneys who will find themselves out of work as firms continue to whittle down struggling practice areas.

  • March 23, 2009

    McGuireWoods To Grow Globally With GMR Merger

    McGuireWoods LLP has announced plans to merge with London-based international law firm Grundberg Mocatta Rakison LLP, broadly expanding its international capabilities in Europe and Russia.

  • March 25, 2009

    Social Networking Spurs Firms To Log On Or Lose Out

    With many law firms pushing attorneys to take advantage of social networking sites’ potential to increase business contacts, legal industry experts say that firms that don't log on might be left in the dust.

  • March 20, 2009

    Mayer May Cut 55; Troutman Warns Of Future Cuts

    The deepening recession claimed more victims in the legal industry on Friday, with Mayer Brown LLP revealing that it will lay off up to 55 employees in its London office, and Troutman Sanders LLP offering voluntary severance packages to its staff while warning of layoffs to come.

  • March 19, 2009

    Legal Layoffs Expand As Katten Axes 69, Jenner 34

    The job outlook in the legal industry continued to be murky Thursday, with layoffs at Katten Muchin Rosenman LLP totaling 69 and Jenner & Block LLP letting go of 34 staffers.