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Business of Law

  • December 21, 2009

    Attorney-Client Privilege Bill Introduced In House

    Rep. Robert C. “Bobby” Scott, D-Va., has introduced a bill designed to prevent the government from using “coercive waivers” to gain access to information that would otherwise remain private under the attorney-client privilege doctrine.

  • December 18, 2009

    McKool Smith Shrinks 2009 Bonus Pool By 25%

    McKool Smith PC has slashed its bonus pool by 25 percent this year, citing a need to remain competitive in a down market.

  • December 18, 2009

    Stroock, Allen & Overy Announce 2009 Bonuses

    Stroock & Stroock & Lavan LLP will award associates who hit a 1,900-hour threshold in 2009 with bonuses of up to $30,000, and Allen & Overy LLP will reportedly pay bonuses topping out at $32,500 for attorneys who logged 2,000 billable hours.

  • December 17, 2009

    Mumbai Court Bars Foreign Law Firms From India

    A high court in Mumbai has ruled that India's central bank may not license foreign law firms whose members do not belong to the nation's bar councils, even if they act in an advisory capacity only — a blow to New York-based law firms White & Case LLP and Chadbourne & Parke LLP, as well as London-based Ashurst LLP.

  • December 17, 2009

    Seyfarth Embraces Merit-Based Pay For Associates

    Seyfarth Shaw LLP is the latest law firm to disclose plans to move away from lockstep and toward a merit-based compensation system for its associates, the firm confirmed Thursday.

  • December 16, 2009

    Dewey Offers Up To $30K In Associate Bonuses

    Dewey & LeBoeuf LLP will hand out bonuses of up to $30,000 to its associates this year, following in line with the bonus structure set by Cravath Swaine & Moore LLP and other firms.

  • December 16, 2009

    South Florida Reclaims Place As Top 'Judicial Hellhole'

    South Florida is this year's top “judicial hellhole,” reclaiming a title that it held in 2007 and then lost in 2008 to West Virginia, according to a report from a tort reform special interests group.

  • December 15, 2009

    Hogan, Lovells Tie-Up To Create Practice Heavyweights

    The partners at Hogan & Hartson LLP and U.K.-based Lovells LLP have voted to approve a merger of the two firms, in a deal that will create a combined firm ranking as one of the biggest law firms in the world, with hefty practice groups in areas such as corporate, intellectual property and competition.

  • December 15, 2009

    WilmerHale Latest To Abandon Lockstep

    WilmerHale LLP will reset its base compensation scale in 2010 as it moves from lockstep compensation to a merit-based model that aims to eventually build a larger part of each associate's, senior associate's and counsel's compensation into his annual performance bonus.

  • December 15, 2009

    Law360 Editorial Advisory Boards 2010

    Law360 is currently looking for lawyers to sit on its editorial advisory boards for 2010.

  • December 15, 2009

    Sonnenschein Rolls Out Tiered Associate Pay Model

    Breaking from traditional law firm metrics focused on billable hours, Sonnenschein Nath & Rosenthal LLP has unveiled a three-tiered associate pay structure in a bid to reward younger attorneys more broadly for performance, personal development and client value.

  • December 11, 2009

    Law360 Ranks Firms With Most Female Partners

    McDonough Holland & Allen PC, Davis Graham & Stubbs LLP and Hanson Bridgett LLP came out on top in Law360's ranking of firms with the highest concentration of female partners.

  • December 11, 2009

    Top Firms For Women Invest For The Long Haul

    The three firms that topped Law360's survey of firms with the highest concentration of women partners say they're able to attract and retain women leaders by ditching the cutthroat ethos and investing in attorneys throughout the span of their careers.

  • December 11, 2009

    Women Still Number Too Few In Partner Ranks

    According to a Law360 survey, women make up on average just 19 percent of partners. Unintentional stereotyping, a dearth of mentors, diminished access to top-ranking partners, a scarcity of important assignments and family burdens are just a few of the factors experts cite for why the number isn't higher.

  • December 11, 2009

    Senate Panel OKs Chin To Join 2nd Circ.

    The Senate Judiciary Committee voted unanimously Thursday to approve the nomination of District Judge Denny Chin to the U.S. Court of Appeals for the Second Circuit.

  • December 11, 2009

    10th Circ. Chief Judge To Return To Academia

    The chief judge of the U.S. Court of Appeals for the Tenth Circuit has said he will leave his lifetime post to head Oklahoma City University, where he previously served as dean of the university's School of Law.

  • December 11, 2009

    Fried Frank Reveals Associate Bonuses Of Up To $35K

    Fried Frank Harris Shriver & Jacobson LLP has announced that its associates will receive bonuses of up to $35,000 this year, but the firm has provided little information on how the bonuses will be calculated.

  • December 10, 2009

    Federal Judiciary Slated To Get $357M Boost In 2010

    The federal judiciary is slated to receive $357 million more in 2010 to help tackle increased caseloads in both the district and bankruptcy courts under an appropriations bill that passed the U.S. House of Representatives on Thursday.

  • December 10, 2009

    Recusal Experts Back Peremptory Judicial Challenge

    Several legal experts suggested Thursday that U.S. lawmakers concerned about the judicial recusal process and judges' impartiality in the wake of the U.S. Supreme Court's ruling in Caperton v. A.T. Massey amend federal law to give litigants a peremptory judicial challenge.

  • December 10, 2009

    Gardere Revamps Associate Pay, Training Model

    Texas-based Gardere Wynne Sewell LLP announced Thursday that it has rolled out a new professional development program and compensation system for first-year associates that includes lowered hourly billing rates and a reduced starting salary.