Business of Law

  • November 14, 2008

    Leaps and Bounds: Notable Firm News

    Firms continued to devour dissolving firm Thelen this week, swallowing up whole practice groups and impressive numbers of attorneys.

  • November 14, 2008

    As Lawyer Salaries Level Off, Hot Areas Still Pay Big

    Although salaries in the legal profession might have leveled off, lawyers practicing in currently hot areas can expect to earn more in 2009, according to an industry salary guide.

  • November 13, 2008

    Dismal Economy Leads Orrick To Cut 40 Associates

    Orrick Herrington & Sutcliffe LLP has jettisoned around 40 associates and counsel in the firm's real estate, structured finance and corporate practices, citing “unprecedented challenges” in the world's global capital markets.

  • November 12, 2008

    Labor Stats Show Legal Job Market Contracting

    According to government statistics, not even the legal industry has escaped the down economy. But industry experts said Wednesday it's worse in other sectors and there are silver linings.

  • November 11, 2008

    Faulting Economy, White & Case Cuts 70 Associates

    A rough financial market has pressed law firm White & Case LLP to trim its associate head count by 70 and its nonlegal support staff by around 90, the firm announced on Tuesday.

  • November 11, 2008

    Expect Change In Firm Prosperity Trend In '08: Survey

    Law firms prospered in 2007, but the good times are over - at least for now - according to legal management consulting firm Altman Weil Inc., which surveys law firms on a yearly basis on issues including revenue, expenses, billing and compensation.

  • November 10, 2008

    Firms' Slowed Growth Will Extend To '09, Experts Say

    The nation's 250 largest law firms expanded their lawyer rolls less in 2008 than in 2007, signaling that the legal industry has not been immune to the economic slump and some belt-tightening is already taking place, according to a report published Monday.

  • November 10, 2008

    McDermott Grabs Former Heller Silicon Valley Space

    In the latest pickup to follow the dissolution of Heller Ehrman LLP, McDermott Will & Emery announced Monday it would move its Silicon Valley branch into Heller's former office space in Menlo Park, Calif.

  • November 10, 2008

    Sedgwick Acquires Ft. Lauderdale Law Firm

    Sedgwick Detert Moran and Arnold LLP said Monday it has swallowed up the roughly 20-lawyer Florida law firm of Gordon Hargrove and James PA.

  • November 17, 2008

    Change To Come Slowly To SG Office Under Obama

    America's next president has promised to shift direction substantially across several areas of U.S. policy, but the ripple effect of change to the Office of the Solicitor General is likely to be more nuanced, legal observers said.

  • November 7, 2008

    High Court To Hear Andersen Arbitration Case

    The U.S. Supreme Court will hear an appeal from defunct accounting firm Arthur Andersen to decide whether a litigant that hasn't signed onto an arbitration agreement can appeal a federal court order refusing to stay the litigation pending arbitration.

  • November 7, 2008

    General Counsel Cut Costs With In-House Hires

    Corporations are looking to trim their legal expenses by doing away with law firms where possible and adding to their in-house legal departments new full-time lawyers or “project professionals,” including paralegals, legal consultants say.

  • November 7, 2008

    Leaps & Bounds: Notable Firm News

    Thelen's lawyers were on the move this week after news broke of the firm's dissolution. Nixon Peabody may score as many as 90 attorneys from the failed firm. O'Melveny & Myers nabbed three Thelen partners, while Goulston & Storrs and WilmerHale each scooped one up.

  • November 6, 2008

    Lawyers Fill Key Spots On Obama Transition Team

    Perhaps not surprisingly for a Harvard Law School graduate and former constitutional law professor, President-elect Obama has selected a large number of lawyers to join his transition team.

  • November 12, 2008

    Q&A With Civil Procedure Expert Arthur Miller

    In light of economic turbulence and the changing political guard, renowned civil procedure expert Arthur Miller opened up to Law360 about what lies ahead for the legal profession, his take on proposed changes to the rules of civil procedure and the biggest mistake appeals lawyers make.

  • November 6, 2008

    Nixon Peabody Scores Slew Of Thelen Attorneys

    Nixon Peabody LLP voted Thursday to bring on a new team of attorneys in a variety of practice areas from Thelen Reid Brown Raysman & Steiner LLP, becoming the latest firm to plunder the dissolving Thelen's spoils.

  • November 5, 2008

    Election Day Also A Day At The Court Races

    The identity of the president of the United States, the makeup of the next Congress and state legislative races were not the only elections decided Tuesday night. State supreme court rosters and lower court seats were also up for grabs in many states, including several closely watched ones.

  • November 4, 2008

    Lawsuits Take Toll On Mayer Brown

    After paying out a nearly $100 million settlement in 2005 and facing three civil lawsuits related to Refco, Mayer Brown LLP’s malpractice coverage is reportedly wearing thin.

  • November 3, 2008

    Credit Market Woes Claim 32 Jobs At McKee Nelson

    The 17 associates and 15 administrative staff members laid off by McKee Nelson LLP on Monday were casualties of devastation in the credit markets, and their dismissals had nothing to do with their performance, the firm has said.

  • November 3, 2008

    Law Firms Pause Partners' Profit Distribution

    Dewey & LeBoeuf LLP stopped distributing monthly profits to its partners back in August in an effort to save cash and take precautionary steps during the global financial crisis, the firm acknowledged Monday.