Large law firms are “immensely fragile institutions” and some of them aren’t likely to survive another year, according to a law professor who has studied firm management structures.
A receiver for the Dreier law firm says it will soon file for bankruptcy, following an alleged massive fraud by its founder and sole equity partner, Marc Dreier.
Large law firms have lined up to provide “legal dream teams” for the world’s most dangerous men at Guantanamo, outgunning the 60 or so Justice Department lawyers handling about 200…
Public sector employment would mean a big cut in regular pay for attorney general nominee Eric Holder, but he’ll have a big payout from his law firm to cushion the…
Pennsylvania may be more insulated from Wall Street’s woes, but that apparently hasn’t stopped two Philadelphia-based law firms from cutting associates.
On Friday, WolfBlock laid off 15 associates and Drinker…
Updated: In an apparent first in Australia and, possibly, the world, a judge has OK’d a plan to serve a default judgment on a non-appearing defendant via a social networking…
At least two more law firms are considering following the lead of DLA Piper and requiring nonequity partners to buy into equity status, a law professor says.
As a stunning federal corruption case was unveiled this week against Illinois Gov. Rod Blagojevich, many wondered why he is being represented by a well-regarded Chicago attorney rather than a…
Struggling in a difficult economy, Thacher Proffitt & Wood is seeking a merger partner and could see about half of its lawyers acquired by King & Spalding.