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Business of Law

  • May 28, 2010

    FTC Again Delays Enforcement Of Red Flags Rule

    Amid legal challenges from the American Bar Association and the American Medical Association, the Federal Trade Commission has decided to delay enforcement of its Red Flags Rule requiring lawyers and doctors to implement written identity theft prevention programs.

  • May 28, 2010

    Quarter Of In-House Attys Foresee Less Outside Work

    One-quarter of in-house counsel expect their legal departments to decrease work with outside firms over the next 12 months, and only 10 percent say they expect the work to increase, according to a new survey.

  • May 28, 2010

    Obama Nominates 2 US Attorneys, District Judges

    President Barack Obama has sent Congress two nominees for U.S. attorney posts in West Virginia and Wisconsin, and two nominees for U.S. district judge vacancies in Illinois and North Carolina.

  • May 26, 2010

    Trans-Atlantic Mergers Can Rattle the Hive: Experts

    With Hogan & Hartson LLP and Lovells LLP tying the knot earlier in May and Sonnenschein Nath & Rosenthal LLP and Denton Wilde Sapte LLP now headed down the aisle, it's safe to say that trans-Atlantic unions are in season. But for all the acknowledged benefits of these unions — the prodigious work force, the globe-girdling platform and client appeal — supersizing also creates a host of nettlesome problems, according to legal experts.

  • May 26, 2010

    Firm Survey To Give GCs Insight Into Billable Hour

    An analysis of more than 3,400 lawyers and paralegals has revealed that most firms charge different corporate clients different hourly rates for the same work, with some clients paying as much as $1,000 an hour more than others.

  • May 26, 2010

    5 Tips For Defeating Attorney-Client Privilege

    The concept of attorney-client privilege dates back to ancient Rome, but many lawyers still struggle with developing and presenting winning arguments to ensure the application of the rule's exceptions — with dire consequences to both the outcome of the case and the attorney-client relationship.

  • May 26, 2010

    Sonnenschein, Denton To Join Forces As Global Firm

    Sonnenschein Nath & Rosenthal LLP said Wednesday that it was combining with the U.K's Denton Wilde Sapte LLP to create a global top 25 law firm with more than 1,400 attorneys and fee-earners and $750 million in annual revenues, following on the heels of another big U.S.-British law firm marriage in early May.

  • May 25, 2010

    Firms Chop Partners Off Name To Improve Marketability

    In an increasingly competitive legal market, both large and midsize firms such as Cooley LLP and Sands Anderson PC are slicing partners from their official names for the sake of marketing simplicity, and experts say it probably won't be long before even more follow suit.

  • May 25, 2010

    Morris Manning Reinstates Associate Summer Program

    Marking signs of a legal industry turnaround, Morris Manning & Martin LLP has decided not to cancel its 2010 summer associate program as it had previously planned to do.

  • May 25, 2010

    Obama Asks Congress For Line-Item Veto Authority

    President Barack Obama is sending a bill to Congress that would revive presidential line-item veto power in an attempt to help slim down federal earmark appropriations while correcting the constitutional issues that led the U.S. Supreme Court to scuttle line-item authority in 1998.

  • May 25, 2010

    Associate Competency Models Here For The Long Haul

    Major law firms are increasingly embracing competency models for their associates, both to speed their professional development and make them more marketable to clients, and experts say that trend shows no signs of slowing down anytime soon.

  • May 25, 2010

    DOJ Backs Bill To Clarify Federal Removal Statute

    The U.S. Department of Justice on Tuesday expressed strong support for a bill passed by a U.S. House of Representatives subcommittee that would clarify the authority of federal officials to remove to federal court any state court proceedings against them in which a judicial order is sought or issued.

  • May 25, 2010

    Q&A With PG&E's Sanford Hartman

    We are an investor-owned company with operations that affect every single individual within our 70,000-square-mile service territory. All of this poses opportunities and risks, and any firm trying to win our business should fully understand them, says Sanford L. Hartman, vice president and managing director of Pacific Gas & Electric Co.'s legal department.

  • May 25, 2010

    Group Urges Schools To Downplay LSATs In Admissions

    The Society of American Law Teachers has urged law school deans and faculty members to work with the American Bar Association to reduce the influence of U.S. News & World Report rankings and LSAT scores on admissions.

  • May 24, 2010

    Ex-Baron Budd Atty Gets $9M For Botched Lateral Move

    A Texas jury has awarded a former Baron & Budd PC attorney $8.8 million in finding that the firm and its founder made negligent misrepresentations about the firm's financial situation and the relationship between its name partners when they hired him in 2006.

  • May 24, 2010

    Hogan Lovells Boosts UK Salaries

    Hogan Lovells is reportedly restarting lockstep pay and boosting associate salaries in the U.K. on the heels of the recent merger that formed the firm.

  • May 24, 2010

    Dewey Reports Mixed Results For Deferred Class

    As 2009's deferral programs at some law firms come to an end, news is trickling in about how firms are incorporating the influx of associates, with some at Dewey & LeBoeuf LLP re-upping or taking optional severance.

  • May 24, 2010

    Campaign Finance Bill Clears 1st Hurdle In House

    The House Administration Committee has approved legislation aimed at counteracting the U.S. Supreme Court's decision in Citizens United v. Federal Election Commission, marking the first step for the bill as its sponsors attempt to push it through before midterm elections.

  • May 24, 2010

    Supreme Court Rejects Textron Work Product Case

    The U.S. Supreme Court has shot down a request by Textron Inc. to hear an appeal of a work product privilege case that attorneys said could have far-reaching consequences on their ability to candidly assess their clients' risk of being sued.

  • May 21, 2010

    Bryan Cave Partner In Line For DOJ Post: Report

    Bryan Cave LLP securities and white collar defense partner James Cole will reportedly be nominated to become the next deputy attorney general, the No. 2 position at the U.S. Department of Justice.