BigLaw

Green Economy Issues – Protecting the Oceans: Clifford Chance on The Expanding Role of ‘Blue Bonds’

Greeneconomy lawfuel

The blue economy is of growing importance and gaining momentum amongst policymakers across the world. The earth’s surface is made up of 71 per cent. water, and billions of people rely on the oceans for their livelihoods and socioeconomic well‑being. However, the effects of climate change and human activities are destroying the biodiversity of our

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Lockstep Pay Remains For Some Firms . . But The Tide May Be Turning

Changingbusinessmodel lawfuel

As the lockstep pay model continues to receive both criticism and support from large law firms using the compensation model. Lockstep compensation bases payments upon seniority rather than merit, or other factors but as LawFuel recently reported, the tide may well be turning. But it appears to remain in vogue for most firms with recent

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Baker + McKenzie – Businesses & Regulators Begin New Decade Struggling To Keep Up With Tech Change

Business Technology

The rate of technological change is accelerating fast, with a full three quarters of Asia Pacific-based business leaders now describing themselves as disrupted, rather than a disruptor, according to a new report on how businesses and regulators are adapting to tech change in the Asia Pacific region. In the research from global law firm Baker

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Law Firm Merger Leads To Top 50 Firm For Faegre & Drinker Biddle

law firm mergers

Powered by LawFuel – Faegre Baker Daniels and Drinker Biddle & Reath announced today the combination of their law firms, following an affirmative vote by the partnerships of both organizations. The combined firm will begin operations as Faegre Drinker Biddle & Reath (Faegre Drinker) on Feb. 1, 2020. With more than 1,300 attorneys and consultants

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Big Law Partner Leaves Amid #Metoo Allegations as Freshfields Sets Up Financial Penalties for Bad Behaviour

Nicholas williams lawfuel

Freshfields Bruckhaus Deringer is facing further #Metoo problems as it implements a fine penalty for offending partners and staff. Nicholas Williams has been a firm partner since 2017 and left on 11 December following the misconduct allegations. Freshfields said in a statement: ‘We can confirm that following an internal investigation, Nick Williams has left the

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How $55 Billion in Legal Fees & Costs Is Driving This Big Law Firm to Develop AI

The soon-to-be law California Consumer Privacy Act (CCPA) is set to take effect on January 1 and is estimated to cost companies around $55 billion in legal fees and compliance costs. The legislation requires companies with revenues of over $25 million to account for personal information filed about Californians and to delete it upon request.

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Boies’ Firm Secures Succession Plan After Tumultous Time

Boies

Law firm Since Boies Schiller Flexner LLP has long been associated with name partner the famed litigator David Boies. Boies Schiller this week named for the first time managing partners who don’t have their names in the firm, being New York-based Nicholas Gravante Jr. and London-based Natasha Harrison (pictured below). The announcement comes after a tumultuous

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Why Lawyers Can Do Better To Save Themselves – The Woman Who Wrote ‘Big Law Killed My Husband’ Inspires Change (And Receives an Award)

Joannalitt biglaw

Mental health issues in the law have been a weeping sore for the legal profession for longer than most can remember. The issue of lawyer-suicide is one that has occupied the attention of Law Societies in the US, the UK, Australia and elsewhere.  The ABA Journal carried a major piece on the issue early this

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