Everyone knows that lawyer — the one who brings in substantial business while also billing hours, mentoring associates, meeting clients for lunch, taking their kids to soccer practice and training for a marathon. Here, six rainmakers reveal their tricks for making it work.
After a decade of meager growth in corporate legal spending, companies are projected to add almost $2 billion to the amount they spend on outside counsel in 2018, according to a new survey.
The relationship between law firms and their corporate clients shifted substantially with the onset of the Great Recession in 2007, and a decade later many of those changes appear to be here to stay. Here, Law360 looks at one major way the legal industry has been affected.
The law office has traditionally served as a hub where attorneys work and interact with colleagues and clients, but new technologies, rising real estate costs and an increasing desire for flexible work opportunities are challenging that typical office concept.
Firms continued to devour dissolving firm Thelen this week, swallowing up whole practice groups and impressive numbers of attorneys.
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.
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.
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.
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.
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.
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.
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.
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.
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.
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.
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.
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.
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.
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.
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.
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.
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.
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.
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.