Partnership Can Be Fleeting

Work-driven associates who make law firm partner can no longer rest assured that they will be able to hang on to the position. The Wall Street Journal (sub. req.) notes the growing trend: Large law firms are increasingly demoting or firing partners in an effort to increase profits per partner,…

Jul 6, 2007 6:47 PM CDT

London Firms Earn #1 Billing in World

Record profits for the biggest London law firms reportedly make them the dominant players in the world legal market. Three London firms, headed by Clifford Chance, are at the top of the earnings list, with annual billings close to or exceeding $2 billion. For each, that represents an increase of…

Jul 5, 2007 7:25 PM CDT

‘Golden Handcuffs’ Chain Attys to Desks

If they could afford to, they’d leave the legal profession. That’s what one in five law firm partners and nearly one in three associates surveyed by a British legal publication recently said. Flush with profits from a booming market in mergers and acquisitions, some of London’s biggest and most highly…

Jul 2, 2007 9:08 PM CDT

Selling Law on an Open Market

The world’s first publicly traded law firm ignites debate

Jul 1, 2007 11:52 PM CDT

Weiss, Lerach: No Deal to Plea Deal

Updated: Famed plaintiff securities lawyers Melvin Weiss and William Lerach reportedly have said no deal to a plea deal offered by federal prosecutors in a criminal kickbacks case against the New York City law firm Weiss founded and two partners there. The rejected plea deal, offered weeks ago in the…

Jun 28, 2007 9:14 PM CDT

Jenner & Block Culls Equity Partners

Jenner & Block will shift between 15 and 20 equity partners to nonequity status this year.

The National Law Journal reports that some of the partners will leave the firm and others will move toward retirement.

Some recruiters predict more firms will follow suit in an effort to boost partner profits.

Jun 11, 2007 1:05 PM CDT

Law Firms Urge Gay Attys to Come Out

Not so long ago, it would have been a big problem for an attorney in many law firms to show up at a firm event with a same-sex life partner. But the pendulum is now swinging in the other direction. Rather than casting a cold eye on attorneys involved in…

Jun 7, 2007 6:41 PM CDT

Milberg Partner in Plea Talks

A lawyer with securities class-action firm Milberg Weiss & Bershad is negotiating a plea deal with the government, the Wall Street Journal reports (sub. req.). If name partner David Bershad pleads guilty, it is unclear if he will cooperate with the government, the newspaper says. He has been indicted on…

May 31, 2007 4:52 PM CDT

The Ratings Game

Lawyers vie to be ‘super’ and ‘best,’ to the consternation of some ethics regulators

Jan 5, 2007 12:03 AM CST

A Heck of a Good Story

A Harvard B-School Study Blows the Lid Off Duane Morris—With the Firm’s Full Consent

Dec 25, 2006 7:38 AM CST

On The Hunt For Laterals

Law Firms Use Networking and Traditional or In-House Headhunters to Poach Attorneys

Oct 24, 2006 9:12 AM CDT

Counseling Counselors

Taking a Cue from the Corporate World, Law Firms Create Internal General Counsel Jobs

Aug 12, 2006 12:30 AM CDT

The Great Divide

Partners and Associates Are at Odds Over Opposing Approaches to Work, Play and the Practice of Law

May 23, 2006 7:46 AM CDT

A Team Approach

Savvy Law Firms Make it Easy for Nonlawyer Professionals to Contribute

May 23, 2006 6:52 AM CDT

Same Happy, Another Hour

Firms Encourage Social Bonding at Events That Don’t Conflict With Family

Apr 21, 2006 11:47 AM CDT