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Business of Law

  • January 15, 2010

    Seyfarth Attorneys Hit With New Round Of Layoffs

    Seyfarth Shaw LLP has implemented yet another round of cost-cutting measures, parting ways with about 20 attorneys and 20 staff members from a total of about 1,500 employees nationwide.

  • January 15, 2010

    House Passes Bill To Expand GAO Litigation Power

    The U.S. House of Representatives has approved a bill to give the U.S. comptroller general — head of the Government Accountability Office — explicit authority to pursue litigation against agencies that withhold critical information, as well as increase the GAO's ability to access government records.

  • January 14, 2010

    Dickstein Sets $145K Base Pay For New Associates

    Washington-based Dickstein Shapiro LLP, which adopted a merit-based system of compensation several years ago, has announced it will pay first-year associates rates starting at $145,000, while the most advanced associates will be eligible to earn up to $265,000.

  • January 14, 2010

    Bush-Era DOJ Atty Joins WilmerHale

    Carl J. Nichols has decided to join WilmerHale LLP one year after wrapping up a four-year stint at the U.S. Department of Justice, where he most recently served as principal deputy associate attorney general.

  • January 13, 2010

    Querrey & Harrow Aligns With Central Ill. Boutique

    To extend its geographic reach, Chicago firm Querrey & Harrow Ltd. has forged a strategic alliance with Peoria, Ill.-based boutique Hunziker Law Group LLC, the firms announced Wednesday.

  • January 13, 2010

    General Counsel At Tech Firms Top Pay Survey

    Companies in the technology, media and telecommunications industries paid their general counsels more than companies in other sectors, according to a report by Equilar, an executive compensation research firm.

  • January 12, 2010

    NY Appeals Court Weighs Judicial Salary Dispute

    Justices on the New York State Court of Appeals on Tuesday seemed determined to find a solution to end the decade-long impasse between the state's judicial and legislative branches over judicial pay raises, grilling counsel to find out what, if any, remedy would mend the ongoing dispute.

  • January 12, 2010

    Schulte Roth Lays Off 36 Attorneys

    Schulte Roth & Zabel LLP has reportedly laid off 34 associates, one staff attorney and one special counsel.

  • January 12, 2010

    A Look Back At 10 Years Of Lawyers Behaving Badly

    From paying plaintiffs illegal kickbacks to running massive Ponzi schemes, many lawyers have found themselves in the hot seat in recent years, wreaking havoc on their law firms and seeing their names splashed across the front pages. Law360 takes a look back at some of the top scandals of the decade.

  • January 12, 2010

    McDermott Trims Starting Pay, Ditches Lockstep

    McDermott Will & Emery LLP said Tuesday that its associates will now start out with a lower salary and earn raises and promotions based on performance, making it the latest firm to respond to the recession by discarding its lockstep system.

  • January 11, 2010

    Supreme Court Asks SG For Input On Retroactivity

    The U.S. Supreme Court has asked the solicitor general to weigh in on a case that hinges on whether the executive branch is free to take retroactive action if it asserts that an earlier interpretation of the law was wrong.

  • January 11, 2010

    MoFo Offers Up To $30K In Bonuses To NY Associates

    Morrison & Foerster LLP associates in New York reportedly stand to collect 2009 bonuses ranging from $7,500 to $30,000, as well as a so-called contribution bonus.

  • January 8, 2010

    Shift From Lockstep Pay Rife With Perils, Experts Say

    The days of automatic raises and promotions for corporate lawyers may be waning, but experts say that before firms take the plunge and scrap lockstep pay altogether, they should assess the potential impacts of a performance-based system — including the toll it could take on recruitment and morale.

  • January 8, 2010

    NALP Calls For Changes To Recruitment Schedule

    Significant changes need to be made to the schedule law firms use for law student recruiting in order to better reflect the changing needs of both students and firms, the National Association for Law Placement has recommended.

  • January 8, 2010

    Obama To Renominate Johnsen, Other DOJ Picks

    President Barack Obama will reportedly renominate Dawn Johnsen to head the Office of Legal Counsel at the U.S. Department of Justice, following Republican lawmakers' opposition to her appointment because of her prior work with an abortion rights group.

  • January 8, 2010

    Former Va. AG, Aide Jump To McGuireWoods

    Former Virginia Attorney General Jerry W. Kilgore and his former chief counsel have joined the consulting arm of McGuireWoods LLP.

  • January 7, 2010

    Law School Admission For Minorities In Decline: Study

    Blacks and Mexican-Americans make up an even smaller proportion of law school students than they did more than a decade ago, according to a new study, and some observers trace the deficit to an overemphasis on Law School Admission Test results by admissions offices.

  • January 7, 2010

    Perkins Coie Partner Takes On Presidential Client

    There are big clients and then there are big clients. But Judith Corley, a partner in the political law practice at Perkins Coie LLP, recently took on possibly the biggest client in the world: President Barack Obama.

  • January 7, 2010

    Pillsbury Cuts 1st-Year Salaries At Offices Outside NY

    Pillsbury Winthrop Shaw Pittman LLP became the latest firm to scale back associate salaries Thursday, cutting base compensation for first-year associates in its offices outside New York to $145,000.

  • January 7, 2010

    Kasowitz Offers Associate Bonuses Up To $35K

    Kasowitz Benson Torres & Friedman LLP is reportedly paying its associates bonuses for 2009 on a scale topping out at $35,000, similar to associate bonuses offered by Paul Weiss Rifkind Wharton & Garrison LLP, Sullivan & Cromwell LLP and others.