Rumblings of major changes at international law firm Heller Ehrman LLP grew to a roar Thursday as a source at the firm and outside experts said no scenario, including outright dissolution, was off the table. And while seasoned partners will have no problem finding work should the firm meet its maker, the situation for associates looks decidedly bleaker, job consultants say.
In times of financial turmoil, long-standing grudges, lagging practice groups and other weaknesses can become more pronounced. If it gets bad enough, firms can start to unravel. So what can be done to maintain the business when the going gets tough? Lawyers and industry insiders on Friday pointed to five interwoven concepts.
Experts are divided on how the $85 billion government bailout of American International Group Inc. will affect competition in the insurance industry and the role of the United States in promoting free markets abroad.
As the U.S. Supreme Court prepares to kick off a new term, antitrust lawyers are waiting with bated breath to see how the court will tackle a price-squeezing case that triggered a dispute between the U.S. Department of Justice and the Federal Trade Commission.
Already a year into the credit crunch, law firms are now faced with perhaps the most dramatic reorganization of Wall Street since the Great Depression, prompting questions of just how prepared firms are to weather the latest economic storm.
Bankrupt Wall Street titan Lehman Brothers Holdings Inc. is now racing against the clock to preserve the value of its 158-year-old business.
With Lehman Brothers Holdings filing for bankruptcy, Bank of America set to take over Merrill Lynch, and AIG about to announce a major restructuring, lawyers are facing unprecedented legal challenges for their Wall Street clients.
The U.S. Senate unanimously passed a bill Thursday that would overturn a series of Supreme Court decisions and expand what conditions are considered disabilities under the Americans with Disabilities Act.
The outlook for Lehman Brothers Holdings Inc. has gotten suddenly grimmer, with the investment bank admitting that it expects to suffer a loss of $3.9 billion in the third quarter as whispers of a potential bankruptcy grow louder.
A bill that would establish a new federal rule of evidence aimed at reducing the cost and time of reviewing e-mails and other documents requested in discovery to avoid accidental disclosure of privileged materials is a presidential pen stroke away from becoming law after being passed by the U.S. House of Representatives on Monday.
The U.S. government's seizure of mortgage giants Fannie Mae and Freddie Mac over the weekend is likely to spark a series of new lawsuits surrounding the troubled lenders and their now-former management, experts say.
The Bush administration's decision to place both Fannie Mae and Freddie Mac under "conservatorship" effectively amounts to the largest bankruptcies in U.S. history, even if the mortgage giants are not technically bankrupt.
The Federal Circuit heard claims Wednesday that the appointment of two members of the Board of Patent Appeals and Interferences’ was unconstitutional, in an appeal disputing the board's authority to reject a beverage patent application.
Under intense pressure from critics, the U.S. Department of Justice has again altered its corporate fraud prosecution guidelines in a move that has the potential to dramatically alter how firms in the midst of a corporate scandal interact with federal prosecutors, experts say.
In the face of growing objections to internal rules that allow prosecutors to effectively pressure corporations to waive attorney-client privilege in white-collar crime investigations, the U.S. Department of Justice is again revising its controversial corporate fraud prosecution guidelines.
As U.S. Supreme Court justices reveal more about themselves and their interpretation of law in their books, court observers are questioning whether the judges may be revealing too much.
A federal appeals court has ruled that a proposed class action against the maker of Chicken-of-the-Sea tuna alleging the products contain harmful concentrations of mercury is not pre-empted by regulatory actions of the U.S. Food and Drug Administration, overturning a lower court's dismissal of the case.
Ruling against the country's environmental regulator and the oil industry on Tuesday, a federal appeals court struck down a 2006 rule prohibiting states from setting their own air pollution monitoring requirements.
Following the news that both Credit Suisse Group and UBS AG inked settlements with securities regulators over auction rate securities, two more of the world's largest investment banks have agreed to pay a combined total of over $7 billion to repurchase the securities from retail customers and pay fines.
Corporate in-house counsel offers do's and don'ts for surviving the "beauty contest" and getting your firm hired.