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Business of Law

  • November 13, 2009

    Corporate Counsel Name Most Arrogant Firms

    They are said to look down their noses at litigation deemed too simple, charge steep fees and give off an aura of haughtiness in court. Eight firms were mentioned most by Fortune 1000 corporate counsel when asked which law firms are most arrogant, according to a new report.

  • November 13, 2009

    Perkins Coie Atty Named Top White House Counsel

    White House officials announced Friday that Gregory B. Craig has stepped down as chief presidential counsel and will be replaced by the end of the year by longtime Democratic lawyer and Perkins Coie LLP partner Robert Bauer.

  • November 12, 2009

    Corporate Counsel Push Diversity Despite Downturn

    As economic concerns threaten to overshadow diversity initiatives in the U.S. legal community, some of the nation's largest corporations are continuing to make the issue a top priority for their outside law firms.

  • November 12, 2009

    Baker & Hostetler Opens Chicago Office

    Striding ahead while other firms have circled the wagons, Baker & Hostetler LLP has opened a Chicago office and brought in a cadre of standout attorneys to grow the firm’s commercial litigation and corporate practice capabilities.

  • November 12, 2009

    Edwards Angell Adds Jenner & Block Public Policy Chair

    Edwards Angell Palmer & Dodge LLP has announced that Mark Heilbrun, a former partner at Jenner & Block LLP, has joined its Washington office as a partner in the public policy and governmental relations department, and will also work in its litigation and insurance and reinsurance departments.

  • November 12, 2009

    PwC Survey Finds Top UK Firm Profits Down By 30%

    Profits at the top 100 law firms in the U.K. fell by 30 percent since last year, and many firms aren't holding their breath for revenue growth over the next 12 months, according to a recent survey.

  • November 12, 2009

    Practice, Business Savvy Top Firm Wish Lists: Survey

    Nearly half the firms looking to expand their midlevel associate ranks are focusing foremost on bringing in attorneys with specialized expertise and the ability to build up lucrative core practice areas, according to a new survey from staffing agency Robert Half Legal.

  • November 11, 2009

    Fewer Associates Promoted To Partner In Downturn

    The recession has prompted some large firms to be more conservative about promoting associates to partner in 2009, and that emerging trend may be one of the long-term impacts of the downturn, according to legal industry observers.

  • November 11, 2009

    Hunton & Williams Lands Va. Attorney General

    Hunton & Williams LLP has snagged Virginia Attorney General William C. Mims, who will become a partner in the firm's government relations practice when he leaves office in January 2010.

  • November 11, 2009

    Work-Hoarding Propels Firms Toward Disaster: Experts

    Rattled by an unprecedented wave of layoffs in the legal industry and a slowdown in business, more lawyers may be tempted to keep work for themselves instead of passing it off to other attorneys, but work-hoarding can pose a bigger problem for firms during difficult economic times, experts say.

  • November 10, 2009

    High Court Eyes Statute, Practicality In Hertz HQ Case

    Both congressional intent and corporate pragmatism have been put under the microscope by the U.S. Supreme Court, as justices on Tuesday grilled attorneys in a dispute over how courts should weigh a corporation's headquarters when determining its principal place of business.

  • November 10, 2009

    Demand For Legal Services Is Stabilizing, Report Says

    The legal industry continues to contend with a weak and volatile market, but demand for services has shown signs of stabilizing, according to a new report.

  • November 10, 2009

    Reed Smith, Covington Target Associate Salaries

    In the latest round of law firm cost cuts, Reed Smith LLP announced Tuesday it will reduce salaries for incoming first-year associates, while Covington & Burling LLP said it will freeze associate salaries outside its New York office.

  • November 10, 2009

    Tweets Banned From Lawyer's Drug-Trafficking Trial

    A federal judge has banned real-time blogging from the trial of a Columbus, Ga., criminal defense lawyer accused of conspiring with a client to traffic cocaine and laundering drug money to his wife's and secretary's bank accounts.

  • November 9, 2009

    Senate Confirms Judge Andre Davis For 4th Circ. Slot

    The U.S. Senate has confirmed Judge Andre Davis to a vacancy on the U.S. Court of Appeals for the Fourth Circuit for the state of Maryland, a position that has lain open since the death of Judge Francis Murnaghan in 2000.

  • November 9, 2009

    Clifford Chance Cuts 8 From UK Capital Markets Practice

    Clifford Chance LLP has cut eight fee earners from its capital markets practice in London, scaling back its ranks even further to meet decreased demand for legal services in an office where 80 attorney jobs were eliminated earlier this year.

  • November 9, 2009

    Cleary Follows Cravath's Lead On Bonuses

    Cleary Gottlieb Steen & Hamilton LLP has decided to mimic Cravath Swaine & Moore LLP's recently announced associate bonus structure model and pay junior associates less than half of what they earned in 2008.

  • November 6, 2009

    General Counsel Keep Billable Hour Hanging On

    As much ink as has been spilled about alternative fee arrangements, the notion that general counsel really want to see the billable hour become extinct remains in doubt, complicating things for firms trying to figure out how to please this all-important constituency.

  • November 6, 2009

    High Court Diversity Case Puts Corporate HQs To Test

    Business leaders are hoping the U.S. Supreme Court will grant companies a measure of control in diversity jurisdiction cases by letting them emphasize the location of their corporate headquarters in tests to determine their “principal place of business.” That seemingly simple phrase is at the core of Hertz Corp. v. Friend.

  • November 6, 2009

    Legal Job Losses Increased In October

    The legal sector was not immune from October's grim unemployment numbers, shedding 5,800 jobs last month.