Law Firms

Holiday season at most law firms means year-end bonuses and perhaps a nice dinner at which partners pick up the check. But things were a little different at Century City law firm Glancy Binkow & Goldberg, a former employee alleges in a recent sexual harassment and wrongful-termination lawsuit. At the conclusion of the law firm’s […]

The trustee liquidating Bernard L. Madoff’s investment firm has filed more than $50 billion in so- called clawback suits to compensate victims of the con man’s fraud since his 2008 arrest for masterminding the biggest Ponzi scheme in U.S. history. Irving Picard filed hundreds of lawsuits against banks, feeder funds, investors and others alleged to

Former U.S. House Majority Leader Tom DeLay argued throughout his trial that the deck was stacked against him by a politically motivated prosecutor and a jury from the most Democratic city in one of the most Republican states. But following DeLay’s conviction Wednesday on money laundering and conspiracy charges, some legal experts say the edge

Bellwether legal shop Cravath Swain & Moore announces year-end payouts of $7,500 to $35,000, same as last year. Why flat may be the new up in the legal biz. While some quarters of Wall Street may see big bonuses this year, law firms are looking at a more subdued size of paycheck. The first firm

The nation’s 250 largest law firms are still shaking off the recession’s punch, shedding more than 1,400 lawyers this year and marking the second straight year of a decrease in headcount. Results from the NLJ 250, The National Law Journal’s annual ranking of the 250 largest U.S.-based firms by headcount, showed that totals dropped 1.1%.

A $103 million verdict was returned against Chicago-based Baker & McKenzie and one of its attorneys by a Jones County, Miss., jury. The case centers on Joel Held, a Baker & McKenzie attorney based in Dallas, who represented both sides of an oil-rig-drilling business that turned sour for one client while benefiting the other, according