Experts say everyone needs to be a salesman in this economy. But taking clients out for drinks, coffee or dinner tends to present a multiplicity of challenges, such as where to go, who should pay and whether to reach for that third martini.
As some law firm practice groups sputter in this economic downturn, at least one firm segment — intellectual property — remains strong as clients acknowledge that it's shortsighted to scale back on applying for and protecting patents and trademarks.
While law firms have lagged behind most businesses in developing innovative Web sites, consultants say that many now realize they need to include specialized content and convey the culture and work of the firm on the Internet. However, the largest, most established firms generally have been the slowest to embrace the Web.
As the Treasury Department releases more details on the agency's efforts to lay the groundwork for its $700 billion bailout plan, the role lawyers and law firms will play in the government's rescue program is slowly being clarified.
Big-shot government lawyers used to be welcomed with open arms by law firms competing to lure their expertise and name recognition as they left public office. But those days could be over, experts say.
With just a few weeks left before voters decide on the next occupant of the White House, it can be difficult for companies to know how to handle those increasingly heated political discussions around the watercooler. But employment experts say that by wielding a few key strategies, employers might be able to dodge political land mines at work as the country counts down to election day.
Attorneys who are eying a career change — whether they've been laid off or simply don't want to practice law anymore — have a much broader range of options available today than they have had in the past, experts say.
The fate of law firms that have taken a hit in the current financial turmoil rests largely in the hands of their managing partners, who need to act quickly, wisely and forcefully to help their firms weather the storm, experts say.
The U.S. Supreme Court's decision this week to reject a number of appeals in patent disputes was not entirely unexpected, but it could mean that for the first time in several years the high court's spring term will be lacking intellectual property cases.
Amid growing fears on Wall Street that the government may be unable to secure a quick fix for the financial system, the U.S. Treasury Department on Monday still had big questions to answer about how the bailout will work in practice, including one of the most pressing: how asset values will be determined.
President Bush signed the Emergency Economic Stabilization Act of 2008 into law soon after the bill was passed by the House of Representatives on Friday afternoon, after changes, including billions of dollars in renewable energy incentives, were added to sweeten the deal for Congress.
Facing ongoing turmoil on Wall Street, the financial services industry is increasingly anxious about what the future will bring, prompting both workers and employers to take stock of their positions and scrutinize the fine print on their employment agreements.
The U.S. Senate passed a modified $700 billion bailout package for the financial industry on Wednesday night, setting the stage for another vote in the House of Representatives as early as Friday. But the outlook for approval by the House remains uncertain.
U.S. Treasury Secretary Henry Paulson was set to mull over options with President Bush, the Chairman of the Federal Reserve and key members of Congress after the $700 billion bailout plan failed to pass the House of Representatives on Monday afternoon.
We asked more than 300 law firms to tell us what their most seasoned professionals thought of the financial meltdown. The verdict: an unprecedented crisis, unlike anything anyone has seen in many decades of practicing law.
The financial crisis raged on unabated in the early hours of Friday, with the government shutting down the country’s largest savings and loan bank amid an apparent breakdown in Congressional talks about a bailout of the banking industry.
Between Heller Ehrman LLP’s demise following a series of failed merger talks and the uncertainty of the U.S. economy, some law firms may be wondering whether taking the plunge with another firm is such a good idea right now. But initial misgivings are not likely to slow the pace of law firm tie-ups, legal experts say.
As America's economic malaise catches up with many of the nation's leading law firms, associate bonuses — typically paid in December or January — will suffer, legal industry insiders say.
Most of the work stemming from the current Wall Street crisis and the proposed $700 billion bailout plan will likely go to a small number of firms that enjoy long-standing client relationships with the major players involved.
Congressional Democrats and their allies are pushing for the U.S. government to limit executive compensation and help out homeowners facing foreclosure as part of its $700 billion plan to bail out Wall Street.