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Business of Law

  • May 21, 2010

    US News Reforms Law School Ranking Method

    U.S. News & World Report is changing the way it calculates the rate of law school graduates employed at graduation, saying the old methodology was being manipulated by schools in order to game the magazine's rankings.

  • May 20, 2010

    Market Not Improving For Law School Grads: Report

    The number of new law school graduates finding employment has hit its lowest rate since the mid-1990s, but the rate is still higher than many had anticipated, according to a report the National Association for Law Placement Inc. released Thursday.

  • May 20, 2010

    Robust Alumni Networks A Boon To Firms, Experts Say

    As clients continue to demand greater efficiency from their attorneys, law firms are turning to an often overlooked population — their alumni — to handle work that can be outsourced at lower rates and generate new business, experts say.

  • May 20, 2010

    False Grades Get Ex-Sidley Summer Assoc. 3-Year Ban

    A former attorney who falsified his grades from the University of Chicago Law School in order to win a summer associate position at Sidley Austin LLP has been barred from practicing law for three years.

  • May 19, 2010

    Kagan Nomination Hearings Set To Begin June 28

    The Senate Judiciary Committee will begin holding hearings to consider Solicitor General Elena Kagan's nomination for the U.S. Supreme Court on June 28, committee chairman Sen. Patrick Leahy, D-Vt., said Wednesday.

  • May 18, 2010

    Firms Wary Of Orrick's Stance On Profits Per Partner

    Orrick Herrington & Sutcliffe LLP has opted to stop tracking or reporting its profits per partner, but legal industry watchers say the lack of an easy alternative and the allure of bragging rights will keep the metric in place for at least several years.

  • May 18, 2010

    Kagan Tells Senate She's Worth $1.8M

    U.S. Supreme Court nominee Elena Kagan has a net worth of about $1.8 million, she said Tuesday in her answers to a Senate Judiciary Committee questionnaire.

  • May 18, 2010

    Attorney Blogs Could Get Firms Business: Survey

    Corporate counsel are paying more attention to attorney-authored blogs, and many say they expect them to play a role in future law firm hiring decisions, according to a new survey on the new-media habits of in-house counsel.

  • May 18, 2010

    Winning The Beauty Contest Post-Recession

    In these penny-pinching times when many corporate legal departments are winnowing down the number of outside firms they hire, law firms may need to rethink their approach to beauty contests if they want to remain on the preferred provider list.

  • May 18, 2010

    Pillsbury Associates To Take Home More Bacon

    Pillsbury Winthrop Shaw Pittman LLP has reportedly increased its associate salary scale from earlier projections, with many associates eligible to net between $160,000 and $280,000.

  • May 18, 2010

    Q&A With WellPoint GC John Cannon

    We seek and select outside counsel who are able to strike the appropriate balance between cost and quality. They must be well-versed in the relevant technical issues, but they also need to have an understanding of the business and political environment in which we operate, says John Cannon, executive vice president, general counsel and corporate secretary of WellPoint Inc.

  • May 17, 2010

    Skadden Cuts Retirement Phaseout Period By 2 Years

    Partners at Skadden Arps Slate Meagher & Flom LLP now have an extra two years before they must start winding down their businesses in preparation for retirement, the firm confirmed Monday.

  • May 14, 2010

    Q&A With Dollar Tree GC Jay Gorry

    We are most impressed not only by the firm which has carefully considered the issues presented by the case, but also the one which has researched us and has some sense for our business, says Jay Gorry, general counsel and corporate secretary at Dollar Tree Inc.

  • May 13, 2010

    Adorno & Yoss Picks Up 15 Attys In Wong Merger

    Adorno & Yoss LLC, the U.S.' largest certified minority-owned law firm, has merged with Wong Fleming PC, another minority-owned firm, adding 15 employment, bankruptcy and intellectual property attorneys in Pennsylvania, New Jersey, Maryland and New York to Adorno & Yoss' roster.

  • May 13, 2010

    Senate Panel OKs Controversial 9th Circ. Nominee

    The Senate Judiciary Committee voted 12-7 on Thursday to report out U.S. Court of Appeals for the Ninth Circuit nominee Goodwin Liu, a law professor and associate dean at the University of California, Berkeley, whose constitutional views and lack of judicial experience have drawn Republican fire.

  • May 12, 2010

    Orrick Abolishes Profits Per Partner Measure

    Orrick Herrington & Sutcliffe LLP said Wednesday that it would stop using profits per equity partner to gauge the performance of the firm, calling the metric an outdated measure in a changing legal industry.

  • May 12, 2010

    Obama Insiders Lead Pack To Replace Kagan: Attys

    As Solicitor General Elena Kagan prepares for a U.S. Supreme Court confirmation fight, appellate lawyers speculate that President Barack Obama may look to an attorney in his own administration, such as ex-Jenner & Block LLP partner Donald Verrilli, to replace her as the high court's unofficial 10th justice.

  • May 12, 2010

    Among Attorneys, Males More Overconfident: Study

    Male attorneys are more overconfident than their female counterparts when asked to predict whether they will win their cases, though all lawyers are generally too optimistic in forecasting results, a new study has found.

  • May 11, 2010

    Friends, Past Opponents Hint At Kagan's Judicial Style

    If Solicitor General Elena Kagan is confirmed to the U.S. Supreme Court, expect the former Harvard Law School dean to bring pointed questions and an open-minded, pragmatic legal philosophy to the bench, according to lawyers who have encountered the nominee in the past.

  • May 11, 2010

    Experts Brainstorm Ways To Step Up Pretrial Process

    Cutting off discovery for defendants who move to dismiss was among the ideas proposed by judges, lawyers and professors at a panel discussion Tuesday on ways to make a more efficient pretrial process and avoid flawed settlements.