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Business of Law

  • March 5, 2009

    Lawyer Layoffs Topped 1,000 In February

    February marked the most treacherous month so far in a slew of layoffs in the legal industry that began building last fall as the economic crisis set in, but the brutal trend appears to be accelerating as March's numbers continue to rise by the day, Law360's analysis shows.

  • March 4, 2009

    Firm Layoffs Loom Large: Over 530 Cut In One Day

    The deep cuts at law firms across the globe continued this week, with Dewey & LeBoeuf LLP, Clifford Chance LLP and Shearman & Sterling LLP all announcing massive staff layoffs, and O'Melveny & Myers LLP confirming plans to cut around 90 attorneys in addition to 110 staff members.

  • March 4, 2009

    McKenna Long Signs Up Former DNC Boss Dean

    McKenna Long & Aldridge LLP has wooed former chairman of the Democratic National Committee Howard Dean to serve as an independent consultant for its government affairs practice.

  • March 4, 2009

    South Korea To Allow Foreign Firms To Open Offices

    South Korea's National Assembly passed legislation Monday that could allow American law firms to establish offices in the country, provided the U.S. government reaches a free trade agreement with Korea.

  • March 5, 2009

    DOJ Appellate Pro Returns To Sidley Austin

    Sidley Austin LLP has welcomed back Jonathan Cohn, former deputy assistant attorney general in the U.S. Department of Justice's Civil Division, to the firm's appellate practice, this time as a partner.

  • March 3, 2009

    Orrick To Lay Off 300, DLA Piper 54

    The brutal slew of layoffs in the legal industry continued Tuesday, with Orrick Herrington & Sutcliffe LLP announcing it would let go 300 associates and staff in the United States, Asia and Europe, and DLA Piper slashing 54 lawyers and support staff in Asia in light of the continuing worldwide economic crisis.

  • March 3, 2009

    $54M Missing Pants Judge Running Out Of Options

    The District of Columbia's highest court has delivered another blow to the former administrative law judge who became the symbol of litigation run amok after suing his neighborhood dry cleaner for $54 million over a pair of lost pants.

  • March 3, 2009

    Massey Judicial Bias Case Goes Before High Court

    Judges should be forced to recuse themselves from cases if there is even the appearance or possibility of bias, counsel for West Virginia coal mining company Harman Mining Co. argued before the U.S. Supreme Court Tuesday.

  • 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.