Law firms have long turned to temporary attorneys for help when a large matter comes along, and some legal experts say temps represent a good value likely to be in higher demand as corporate clients seek better cost solutions. Others, however, have their doubts.
There are just two reasons the general counsel at Sprint Nextel Corp. seeks outside legal services: either he needs the expertise or he needs the extra staff. Otherwise, it’s all in-house.
The European Commission's record-breaking €1.1 billion (US$1.5 billion) fine against Intel Corp. for alleged monopoly abuses in the massive computer processor market could pressure U.S. regulators to step up their investigations and force the chip giant to overhaul its business practices worldwide, according to attorneys.
The legal practice areas such as employment and intellectual property law at major U.S. firms that usually see boon times amid economic meltdowns have actually suffered in 2009, according to a new report.
The U.S. Securities and Exchange Commission was in crisis when Mary L. Schapiro took the helm. Now that she's had three months on the job — far too soon for any major regulatory reform to have taken place — Law360 asks the question: How is she doing?
As the cost of electronic discovery continues to make litigation ever more expensive, lawyers from both sides of the bar are working to promote an attitude of cooperation they say is necessary to serve clients and achieve justice.
As firms wrestle with whether or not to engage in more layoffs, Law360 talked to a number of recruiters who shared their best tips on how to survive and thrive as the economic crisis continues to grip BigLaw.
Though the economy looks to be gaining strength, law firms would be wise to pay attention to some of the lasting lessons of the crisis and not return to their old ways once they have fully recovered, legal experts say.
By the end of next year, discovery of draft expert reports could be prohibited in federal cases, and deposition questions about communications between expert witnesses and attorneys could be limited, under proposed changes to Rule 26 of the Federal Rules of Civil Procedure moving toward implementation.
We asked the leaders of appellate teams at top law firms to name the candidate for the U.S. Supreme Court they'd pick if they were President Obama.
Some clients, more leery than ever of being overcharged, have taken to the courts recently with overbilling suits against major law firms. But legal experts differ as to whether more firms will be targeted overall.
Despite assurances from the Obama administration that Chrysler LLC, which filed for Chapter 11 on Thursday, will emerge from bankruptcy in as soon as 30 to 60 days, the number of obstacles involved in the historic proceeding suggests a significantly longer time span, according to several bankruptcy experts.
As the number of reported swine influenza cases continues to rise around the globe, businesses are starting to question whether the havoc a pandemic might wreak on their bottom lines would be covered under their insurance policies. The answer, some experts say, is maybe not.
After a brutal March, the number of lawyers laid off in April fell off more than 80 percent, marking a low for 2009 and suggesting that law firms may be turning toward other means to cut costs and meet client demands in a still-struggling economy.
As law firms struggle to make their way through these tough economic times, many are reconsidering everything about their operations and business models — including their governance structure.
Michigan officials are hoping that if a U.S. automaker is yet pushed into Chapter 11, it will head to bankruptcy court in the state. But absent any clear signals from Detroit's struggling firms, legal experts question whether Michigan would be a car company's first pick.
After President Obama nominated Cass R. Sunstein to coordinate the administration's regulatory efforts, legal experts hailed the Harvard law professor's intelligence and prolific writings, suggesting he would likely back federal agencies' greater use of cost-benefit analysis and support soft paternalism measures.
With the release Thursday of four more memos authorizing torture in interrogations of detainees suspected of terrorism under the Bush administration, calls for an investigation into the impeachment of one of the authors, Judge Jay S. Bybee of the U.S. Court of Appeals for the Ninth Circuit, have begun anew.
All signs indicate that merger and acquisition activity in the insurance industry is poised to take off. But the natural complexity of the insurance business, coupled with the character of the current crisis, means that due diligence on those deals will be more important than ever, experts say.
General Growth Properties Inc., the country's second-largest mall owner, filed the largest real estate bankruptcy in U.S. history on Thursday, having failed for months to refinance or extend the terms of its staggering $27 billion debt load.