Business of Law

  • March 3, 2009

    High Court Mulls Arbitration Act In Andersen Appeal

    The U.S. Supreme Court heard arguments Tuesday in an appeal brought by Arthur Andersen LLP and others on the issue of whether a litigant not party to an arbitration agreement can appeal a federal court decision refusing to stay the litigation pending arbitration.

  • February 27, 2009

    Deep Cuts At Latham Set Dismal Record

    Capping a brutal month for the legal industry in which more than 2,000 jobs were eliminated at firms worldwide, Latham & Watkins LLP announced Friday that it was laying off 190 associates and 250 paralegals and staff members.

  • February 25, 2009

    Full-Time Offers For Summer Assocs. Plunged In '08

    Law firms offered fewer full-time positions to summer associates at the end of their programs in 2008, marking the lowest offer rate since 2003, according to a new survey from the National Association for Law Placement.

  • February 26, 2009

    Lowenstein, Others Cut Dozens Of Attorney Jobs

    Lowenstein Sandler PC disclosed Thursday that it would hand pink slips to 21 attorneys and 32 staff members, representing just under 10 percent of the firm's total work force. Meanwhile, at least three other law firms were also forced to lay off lawyers or cut salaries.

  • February 25, 2009

    Heller Reveals $7M Paid To Departing Partners In '08

    Nearly three dozen partners who left or retired from Heller Ehrman LLP last year received a total of $7.2 million from the law firm, which is now in the middle of Chapter 11 bankruptcy proceedings.

  • February 24, 2009

    Texas Judge Pleads Guilty To Obstruction Of Justice

    U.S. District Judge Samuel Kent on Monday pled guilty to obstructing investigators in a case that accuses him of sexually harassing two women in a Texas courthouse, and immediately retired from the bench.

  • March 24, 2009

    5 Ways Lawyers Can Avoid Malpractice Claims

    Lawyers are particularly vulnerable to malpractice claims in tough times, when money is tight and tensions run high. But there are a few weapons in firms' arsenals that can keep them from falling prey to this type of suit, legal experts say.

  • February 20, 2009

    Specter Revives Attorney-Client Privilege Bill

    Sen. Arlen Specter, R-Pa., is once again pushing to protect attorney-client privilege by giving the U.S. Department of Justice's revised corporate prosecution guidelines the force of law and ensuring they are applied to all federal agencies with enforcement powers.

  • February 20, 2009

    Pillsbury Heads New Day Of Law Firm Layoffs

    The bad news coming out of the legal profession continued late Thursday and Friday, with at least five more firms disclosing layoffs of attorneys and staff.

  • March 19, 2009

    Midsize Firms Poised To Poach Clients, Partners

    As the economic downturn takes its toll on large law firms, midsize firms find themselves in a position for growth — attracting partners from their bigger but less stable rivals and touting their lower rates to compete for cash-strapped clients.

  • February 19, 2009

    Firm Costs To Outpace Revenue In '09: Study

    Despite taking aggressive steps to drive down costs, law firms are expected to see their expenses outpace their revenues this year, according to an economic index of law firm market performance.

  • February 19, 2009

    Akin Gump Faces Suit Over Canceled Partner Retreat

    After canceling a partner retreat planned for April at San Diego's Hotel del Coronado, Akin Gump Strauss Hauer & Feld LLP has been hit with a breach of contract lawsuit from the seaside resort.

  • February 19, 2009

    Allen & Overy Makes 9% Layoffs Across The Board

    In another depressing day for law firms, Allen & Overy LLP disclosed Thursday that it would reduce its partner head count, its associate head count and its support staff by roughly 9 percent each.

  • February 27, 2009

    Upheaval Forces Firms To Rethink Marketing

    Facing a deflated economy and, in most cases, decreased business prospects, law firms are scaling back some marketing efforts and focusing their business development more intently on existing clients.

  • February 20, 2009

    Technology Threatens To Displace Associates Further

    As law firms seek to restructure operations to survive the current recession, legal experts predict that technology will cut into the work previously performed by associates as firms wrestle with dueling pressures of how to keep costs low and clients happy.

  • February 18, 2009

    Simmons & Simmons May Cut Up To 69 Jobs

    U.K. law firm Simmons & Simmons has revealed that it may lay off up to 20 attorneys and 49 other employees this year as a result of a slowing legal market.

  • February 18, 2009

    Sidley Appellate Group Leader Heads To DOJ

    The global coordinator of Sidley Austin LLP’s appellate practice, Joseph R. Guerra, has left the firm’s Washington, D.C., office to serve as principal deputy associate attorney general in the U.S. Department of Justice, the firm announced.

  • February 17, 2009

    ABA Approves Screening Rule For Lateral Moves

    Lawyers who move laterally from one private firm to another must now be screened so that conflicts of interest that apply to moving lawyers are not imputed to other lawyers at the new firm, according to a new resolution by the American Bar Association.

  • February 13, 2009

    75% Of AmLaw Firms Have LGBT Protections: Report

    Law firms are leading the charge when it comes to expanding protections for lesbian, gay, bisexual and transgender workers, according to a report released Thursday by The Human Rights Campaign Foundation.

  • February 12, 2009

    WolfBlock Trims Associate Wages

    About two months after thinning its ranks, Philadelphia-based law firm WolfBlock LLP has reduced its associates' pay by 10 percent.