Business of Law

  • November 21, 2008

    Leaps and Bounds: Notable Firm News

    Thelen's lawyers are still in demand as the firm dissolves. Nixon Peabody scored an environmental and energy group. Winston & Strawn scooped up 19 attorneys, and Foley & Lardner nabbed five Thelen expats.

  • November 20, 2008

    King & Spalding Lures Former Solicitor General Back

    The speculation over which law firm would be able to entice former Solicitor General Paul Clement to join its ranks has ended. Clement, who left his post in June and took up teaching at Georgetown University Law Center, has now returned to his former firm King & Spalding LLP.

  • November 20, 2008

    Uncertainty Looms For Nonequity Partners

    Nonequity partners in the nation's law firms may be in for a rocky ride in the months ahead as management moves them up or out in a continued effort to weather the economic downturn, legal experts say.

  • November 20, 2008

    Pink Slips At Brown Rudnick, Squire Sanders

    The slumping economy claimed more victims at prestigious law firms Wednesday and Thursday as Brown Rudnick LLP and Squire Sanders & Dempsey LLP announced layoffs of more than 50 attorneys and paralegals and 20 support staff.

  • November 19, 2008

    'Straw Dogs' Unlikely To Doom Obama AG Nominee

    Political experts and politicians alike said Wednesday that, while likely attorney general nominee Eric Holder's controversial role in the Clinton-era pardon of a convicted financier whose wife gave money to Democrats might cause political fireworks, it was unlikely to derail a confirmation.

  • November 18, 2008

    Cadwalader Looks To Demote Managing Partner

    Bracing for a sharp decline in profits, partners at Cadwalader Wickersham & Taft LLP are reportedly planning to vote for the firm’s managing partner and former chairman to step down from the management committee.

  • November 18, 2008

    Women Attorneys Still Earn Less Than Men: Survey

    Women attorneys at the largest U.S. law firms continue to earn less than their male counterparts at every stage of practice and are markedly underrepresented in the leadership ranks, according to a survey published Monday by the National Association of Women Lawyers.

  • November 17, 2008

    Edwards Angell Lays Off Dozens From Staff

    The law firm Edwards Angell Palmer & Dodge LLP said on Monday it let go fewer than 60 support staffers from its offices across the U.S.

  • November 17, 2008

    Craig To Serve As Obama White House Counsel

    Washington trial lawyer Gregory B. Craig, who represented President Clinton during his impeachment proceedings and currently practices at Williams & Connolly LLP, reportedly will serve as White House Counsel under President-elect Barack Obama when he takes office.

  • 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 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 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

    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 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 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

    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

    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 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

    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.