We use cookies on this site to enable your digital experience. By continuing to use this site, you are agreeing to our cookie policy. close

Business of Law

  • January 21, 2010

    Managing Partners Expect Profit Growth In 2010

    Confident that the recession is in the rearview mirror, managing partners at law firms are predicting revenue and profit growth this year, according to the latest report from Citi Private Bank.

  • January 21, 2010

    Allen & Overy Unveils Part-Time Partner Program

    Partners at Allen & Overy LLP will have the option to work four days a week or take advantage of other flexible schedule arrangements as part of a new initiative designed to retain more women partners, the firm announced Thursday.

  • January 20, 2010

    Goodwin To Shift Gradually From Lockstep Pay

    Goodwin Procter LLP has revealed that it plans to shift away from lockstep compensation, softening the blow to associates by saying they're eligible to be considered for 2009 bonuses if they billed at least 1,850 hours.

  • January 20, 2010

    Wilson Sonsini Says Goodbye To 20 Legal Staffers

    Wilson Sonsini Goodrich & Rosati PC has reportedly issued another round of layoffs, this time cutting about 20 staff positions.

  • January 20, 2010

    Senate Confirms Beverly Martin As 11th Circ. Judge

    The U.S. Senate confirmed the appointment of District Judge Beverly Martin to the U.S. Court of Appeals for the Eleventh Circuit on Wednesday in a 97-0 vote.

  • January 20, 2010

    Morgan Lewis Reveals Details On New Pay System

    Morgan Lewis & Bockius LLP on Wednesday offered associates additional insight into how the firm will calculate base salaries and bonuses now that lockstep compensation has fallen by the wayside.

  • January 19, 2010

    Drinker Biddle Lays Out Pay For 1st-Year Associates

    Drinker Biddle & Reath LLP shed light Tuesday on how it will compensate young attorneys under its recently adopted merit-based compensation model.

  • January 19, 2010

    Recruiter's Fee Spat With Paul Hastings To Go Ahead

    A New York state judge has refused to end a tiff between Paul Hastings Janofsky & Walker LLP and a legal recruiting company that claims the law firm failed to pay a £300,000 ($491,000) placement fee for finding a corporate partner for its London office.

  • January 19, 2010

    Alternative Fees Generated $7B In 2008: Report

    Fees from alternative billing contributed about $7 billion in revenue in 2008 among the nation's top 100 law firms, and the use of alternative fee structures is likely to increase in coming years, according to a new report from legal consulting firm LegalBizDev.

  • January 19, 2010

    Fenwick Study Charts Paths To Diversity

    Active mentoring, resolute outreach and less doctrinaire approaches to recruitment are among the initiatives that have helped a select group of leading law firms establish some of the most diverse offices in the legal industry, according to a new study commissioned by Fenwick & West LLP.

  • January 15, 2010

    Some Firms See Client Services As A Full-Time Job

    As competition for work in the legal industry heats up, some firms are creating new positions to address the pressure for better client services.

  • January 15, 2010

    Head Corporate Attorney At Apple Resigns

    Apple Inc. head corporate lawyer Charles Charnas has broken ranks with the technology giant, on the heels of the departure of ex-general counsel Daniel Cooperman, who brought Charnas into the fold.

  • January 15, 2010

    Seyfarth Attorneys Hit With New Round Of Layoffs

    Seyfarth Shaw LLP has implemented yet another round of cost-cutting measures, parting ways with about 20 attorneys and 20 staff members from a total of about 1,500 employees nationwide.

  • January 15, 2010

    House Passes Bill To Expand GAO Litigation Power

    The U.S. House of Representatives has approved a bill to give the U.S. comptroller general — head of the Government Accountability Office — explicit authority to pursue litigation against agencies that withhold critical information, as well as increase the GAO's ability to access government records.

  • January 14, 2010

    Dickstein Sets $145K Base Pay For New Associates

    Washington-based Dickstein Shapiro LLP, which adopted a merit-based system of compensation several years ago, has announced it will pay first-year associates rates starting at $145,000, while the most advanced associates will be eligible to earn up to $265,000.

  • January 14, 2010

    Bush-Era DOJ Atty Joins WilmerHale

    Carl J. Nichols has decided to join WilmerHale LLP one year after wrapping up a four-year stint at the U.S. Department of Justice, where he most recently served as principal deputy associate attorney general.

  • January 13, 2010

    Querrey & Harrow Aligns With Central Ill. Boutique

    To extend its geographic reach, Chicago firm Querrey & Harrow Ltd. has forged a strategic alliance with Peoria, Ill.-based boutique Hunziker Law Group LLC, the firms announced Wednesday.

  • January 13, 2010

    General Counsel At Tech Firms Top Pay Survey

    Companies in the technology, media and telecommunications industries paid their general counsels more than companies in other sectors, according to a report by Equilar, an executive compensation research firm.

  • January 12, 2010

    NY Appeals Court Weighs Judicial Salary Dispute

    Justices on the New York State Court of Appeals on Tuesday seemed determined to find a solution to end the decade-long impasse between the state's judicial and legislative branches over judicial pay raises, grilling counsel to find out what, if any, remedy would mend the ongoing dispute.

  • January 12, 2010

    Schulte Roth Lays Off 36 Attorneys

    Schulte Roth & Zabel LLP has reportedly laid off 34 associates, one staff attorney and one special counsel.