Hybrid partnerships are becoming more popular, particularly at law firms where the cost of becoming a full equity partner has increased significantly over the last few years.
Updated: A federal judge in Washington, D.C., has said she has “zero tolerance for immature sniping and sharp litigation practices,” yet “that behavior continues” in a case involving Walgreens and its former law firm.
David Boies, the co-founder of Boies Schiller Flexner, is planning to leave his role as chairman at the end of next year, a time when he expects the law firm to be in better financial shape following a wave of lawyer exits and a decline in revenue.
Two energy companies allege that Winston & Strawn bungled two intertwined contracts involving the purchase of Southern California oil and gas wells, leading the two clients to give up a 25% equity stake in their businesses while receiving nothing in return.
A second Polsinelli defendant is denying sexual harassment claims in a lawsuit filed by a former international corporate attorney at the law firm who claimed that she was “repeatedly hounded” for after-hours drinks and hotel meetings.
Cravath, Swaine & Moore has “quietly created” a new partnership tier for nonequity partners who are paid salaries and don’t share in the profits, Bloomberg Law reports.
Before Stroock & Stroock & Lavan announced plans to dissolve “at the appropriate time,” the law firm appeared to be readying for an "orderly dissolution" that does not put partners at risk.
An analysis by Reuters has concluded that Texas bankruptcy law firm Jackson Walker failed to disclose whether it had checked for connections between its lawyers and judges in at least 27 cases.
Updated: Partners at Stroock & Stroock & Lavan have authorized a dissolution of the law firm “at the appropriate time,” according to an internal firm email obtained by Law.com.
Polsinelli asserts that a former partner didn’t make allegations of sexual harassment until after the law firm decided to fire her for “lackluster performance.”
A law student who tracked lawyers from the disbanded law firm Dewey & LeBoeuf found little evidence that the stigma was a “scarlet letter” harming their careers.
Partners who choose an “activator approach” are more likely to be successful at business development, according to a new study called Unlocking the Secrets to Successful Business Development: The Rainmaker Genome Project.
