Business of Law

  • January 17, 2008

    Law Firms Take Gloomy View Of Future

    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.

  • January 17, 2008

    Firm Ordered To Hand Over Disbarred Lawyer's Fees

    A state appeals court has ruled a New Jersey law firm cannot pocket the referral fees owed a disbarred attorney who sent the firm scores of personal injury cases in the months before his license was suspended.

  • January 16, 2008

    Amazon's E-mail Agreement Same As Paper: Judge

    Reinforcing the power of e-mail as a medium for an enforceable settlement, a Massachusetts appeals court ruled in favor of Basis Technology Corp. in its case against Inc. regarding nonpayment for work done on the online retailer's Japanese Web site.

  • January 15, 2008

    Sullivan & Cromwell Settles E-Discovery Dispute

    Sullivan & Cromwell LLP has settled a breach of contract case against an electronic-discovery vendor that allegedly missed deadlines and provided shoddy work, hindering the firm's ability to meet a discovery deadline.

  • February 19, 2008

    Lawyers Boost Dems As Presidential Election Heats Up

    Spurred by strong candidates and a perception that the Bush administration has overstepped the rule of law, attorneys have given record contributions to Democratic presidential candidates in this election at a rate of nearly 4-to-1 compared to Republicans.

  • January 14, 2008

    Womble Carlyle, PoGo In Merger Talks: Report

    Womble Carlyle Sandridge & Rice PLLC is reportedly in discussions to merge with struggling southeastern counterpart Powell Goldstein LLP.

  • January 11, 2008

    FOIA Changes Could Signal End To Agency Red Tape

    New amendments to the Freedom of Information Act aim to put more pressure on government agencies to provide a timely response to requests for information. Federal agencies could now face financial consequences if they blow their FOIA deadlines.

  • January 22, 2008

    Firms Do Damage Control After Pay Boosts

    With associates' salaries and billable-hour requirements on the rise, some law firms are shifting into damage control mode to address clients' concern for their pocketbooks — and attorneys' worries about quality of life.

  • January 11, 2008

    Lawyers Fear Pink Slips After Cadwalader Layoffs

    In the wake of Thursday's revelation that Cadwalader, Wickersham & Taft LLP will be handing pink slips to a slew of associates, lawyers across the nation were left wondering whether more law firms are set to suffer a similar fate.

  • January 2, 2008

    Litigation Suffers Slump In 2007

    The number of federal lawsuits filed in 2007 fell markedly from the year before, indicating a possible slump in litigation volume, our analysis of federal dockets shows.

  • January 1, 2008

    Tort Reform A Dead Issue In Election 2008

    Tort reform is no longer a political hot potato and probably won't have much impact on the Presidential election campaign, but the issue could gain some traction in congressional races, observers say.

  • January 1, 2008

    Law Firm Pay Hikes Raise Stakes – And Eyebrows

    Lawyers' salaries skyrocketed to unprecedented levels last year, a boost seen by some in the legal field as a justifiable necessity in the face of stiffening competition. But the pay hikes left others with a bitter taste in their mouths, heating up the debate over how far firms should go to attract and retain talented professionals.

  • January 1, 2008

    Specter Of Recession Looms Large For Law Firms

    With the economy seemingly on the brink of a downturn, some lawyers are starting to wonder how their industry will fare in a much tougher climate.

  • December 20, 2007

    Happy Holidays From Law360

    Please note that our newsletters will not be published between Monday, Dec. 24, 2007, and Tuesday, Jan. 1, 2008.

  • January 1, 2008

    Law Firms Go Abroad For Booming Global Business

    China, Dubai, Abu Dhabi, Japan and the European Union. Law firms broke new ground or bulked up existing offices in these countries or regions in 2007. The firms followed clients in industries such as energy, financial services and technology as they chased new business opportunities abroad.

  • December 17, 2007

    Bill Would Change Rules On Attorney-Client Info

    Leaders of the Senate Judiciary Committee have introduced bipartisan legislation that aims to modify rules that cover the discovery process for attorney-client communications and attorney work product.

  • December 17, 2007

    K&L Gates' Latest Merger Gets Green Light

    Paving the way for a fresh start for Kirkpatrick & Lockhart Preston Gates Ellis LLP and Hughes & Luce LLP, the two firms’ partners have signed off on a proposal to join forces in the new year.

  • November 15, 2007

    Chadbourne & Parke Merger Talks Fall Apart

    Chadbourne & Parke LLP said Wednesday that merger talks with U.K.-based Watson Farley & Williams LLP had collapsed amid disputes over several aspects of the proposed deal.

  • November 14, 2007

    Companies Pick Up Tab For Lawyer Pay Hikes: Survey

    The country's largest companies are spending more than ever on legal fees, but the increase in legal expenditures is due just as much to the jump in attorney salaries as it is to a spike in litigation, according to a new survey.

  • November 13, 2007

    Supreme Court To Tackle Paralegals' Fees

    The U.S. Supreme Court on Tuesday agreed to weigh in on the rate at which paralegals' fees may be assessed against the U.S. government in adversarial and administrative proceedings, and more broadly to provide guidelines on how much plaintiffs can recover for the costs of paralegals' services.