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Business of Law

  • June 18, 2010

    In-House Attys Win Bonuses Amid Tough Times: Survey

    Despite the shaky economy, about 30 percent of in-house legal professionals received a bonus in the past 12 months that was higher than the one they received the year prior, according to a new survey.

  • June 18, 2010

    Innovative Managing Partner: Sheppard Mullin's Halgren

    Sheppard Mullin Richter & Hampton LLP chairman Guy Halgren has presided over a 70 percent increase in firm size while playing a unique hands-on role in lateral hiring, revamping associate training, encouraging alternative fees and pioneering client surveys, earning him a spot on Law360's list of Most Innovative Managing Partners.

  • June 17, 2010

    Innovative Managing Partners: Hogan Lovells' Co-CEOs

    Faced with a challenging economy and a tough legal market, Hogan Lovells co-CEOs Warren Gorrell and David Harris orchestrated a trans-Atlantic merger of unprecedented size, but that only marked the beginning of a transformation that has earned the pair a spot on Law360's list of Most Innovative Managing Partners.

  • June 17, 2010

    Rambus Rehearing To Shed Light On Doc Preservation

    The U.S. Court of Appeals for the Federal Circuit's rehearing of two patent cases in which Rambus Inc. stands accused of improperly destroying documents prior to litigation could provide much-needed clarity on when the duty to preserve documents for litigation kicks in, experts say.

  • June 17, 2010

    ABA Asks High Court To Take Judges' Pay Raise Suit

    The American Bar Association is urging the U.S. Supreme Court to consider a suit brought by eight current and former federal judges seeking cost-of-living salary raises, saying low judicial salaries are keeping the best legal minds from joining the bench.

  • June 17, 2010

    Blended Fees May Be On Their Way Out

    As other alternative billing arrangements gain in popularity, blended fees are coming under attack because they don't allow law firms to share in the risk, one of the main selling points of alternative fee arrangements, according to legal experts.

  • June 16, 2010

    Innovative Managing Partner: Crowell's Kent Gardiner

    Just about every law firm trumpets its client services, but Crowell & Moring LLP's Kent A. Gardiner has recouped hundreds of millions of dollars for clients through plaintiff's recovery litigation, pioneered alternative fees and encouraged his lawyers to treat in-house counsel like business partners, landing him a spot on Law360's list of Most Innovative Managing Partners.

  • June 16, 2010

    Jones Day Gives Pink Slips To Support Staffers

    Jones Day has laid off approximately 30 support staff members in two of its offices in an effort to become more efficient.

  • June 16, 2010

    Firms Need To Manage Risk In Contingency Deals

    Under pressure from clients to drop their billing rates, corporate law firms are increasingly turning to the pricing model long favored by the plaintiffs bar. But industry experts warn that when it comes to working on contingency, winning isn't everything.

  • June 16, 2010

    Phelps Dunbar To Merge With Ala.'s Lyons Pipes

    Phelps Dunbar LLP is poised to expand into Alabama through a combination with regional law firm Lyons Pipes & Cook PC, effective July 1.

  • June 16, 2010

    How To Shine On Cross-Examination

    The examination of an opponent's expert is a pivotal point in any trial, but it can also be an attorney's downfall if not conducted effectively. Here, seasoned trial attorneys weigh in on which techniques are most likely to help invalidate even the peskiest of expert witnesses — and which strategies should be avoided.

  • June 15, 2010

    Innovative Managing Partner: Gibbons' Patrick Dunican

    The Gibbons PC logo — shining out from the top of its Newark, N.J., headquarters in a glow of white and blue wattage — is the biggest outward emblem of the firm's transformation, one that has put it at the apex of marketing and branding in the legal industry and landed its young leader, Patrick C. Dunican Jr., on Law360's list of Most Innovative Managing Partners.

  • June 15, 2010

    Bonus Fees Must Be Simple To Be Successful

    Legal industry consultants have advice for lawyers and clients on how best to craft bonus fee arrangements: Keep them simple.

  • June 14, 2010

    Innovative Managing Partner: Mintz's Bob Bodian

    In an economy that has sent other big-league firms scrambling to cut costs, Mintz Levin Cohn Ferris Glovsky & Popeo PC's Bob Bodian has brought on business development managers and boosted the firm's marketing budget by 25 percent, earning a place among Law360's Most Innovative Managing Partners.

  • June 14, 2010

    Portfolio Billing Gains Steam As Firms Reap Profits

    A newer alternative billing method — portfolio billing — is growing in popularity as law firms realize the deals can become more profitable over time, lawyers and legal consultants said.

  • June 11, 2010

    Fisher & Phillips Raises Associate Salaries By 8%

    Labor and employment firm Fisher & Phillips LLP announced Friday that it was increasing associate salaries about 8 percent, or about $10,000 on average, but that associates must meet certain performance standards in order to earn the full increase.

  • June 11, 2010

    Innovative Managing Partner: Orrick's Ralph Baxter

    When it comes to rethinking law firm management — whether it be through new staffing models, experimenting with alternative fees or changing how firms define success — Orrick Herrington & Sutcliffe LLP has led the way, earning its chairman and CEO Ralph Baxter a spot on Law360's list of Most Innovative Managing Partners.

  • June 11, 2010

    Law360 Picks Most Innovative Managing Partners

    When times are tough, the tough get going. Or in the case of Law360's most innovative managing partners, they kick open doors, blaze trails and figure out ways for their firm to not only survive but thrive in a time of crisis.

  • June 11, 2010

    Caution Required In Crafting Fixed-Fee Agreements

    Fixed-fee arrangements are one of the most popular alternative billing models and the foundation of many other models. But to stave off a billing disaster, fixed-fee deals have to be well-defined and provide an opportunity for renegotiation to protect both sides from getting burned, lawyers and legal consultants said.

  • June 10, 2010

    Obama Taps Miss. Justice For 5th Circ.

    President Barack Obama nominated a presiding Mississippi Supreme Court justice to the U.S. Court of Appeals for the Fifth Circuit on Thursday, as the president's nominee for the Second Circuit inched closer to confirmation.